Examples of Disabled Employee in a sentence
If any Owner is employed by the Company (an "Employee-Owner") and ceases to be an employee of the Company because the Employee-Owner is a Disabled Employee (see paragraph 5.c below), or for any other reason, then such Owner shall be deemed to have offered to sell all of his or her Units (the "Offered Units") to the Other Owners for the Purchase Price and on the Payment Terms described in Articles II and III below.
If any dispute arises between the parties as to whether Employee is Disabled, Employee will submit to an examination by a physician selected by the mutual agreement of the Company and Employee acting reasonably, at the Company’s expense.
If any dispute arises between the parties as to whether Employee is Disabled, Employee will submit to an examination by a physician selected by the mutual agreement of the Company and Employee acting reasonably, at the Company's expense.
During any period that Employee fails to perform his full duties with the Company because he is Disabled, Employee shall continue to receive Base Salary until this Agreement is terminated pursuant to Section 4.8 at the rate in effect at the commencement of any such period adjusted for any compensation payable to him under any Company paid disability plan during such period.
Furthermore, unless such Option earlier terminates by its terms, the Option held by the Optionee at such termination of employment shall terminate three (3) months after such termination; provided, however, in the case of the termination of employment due to death, or in the case of the termination of employment of a Disabled Employee, unless such Option earlier terminates by its terms, the Option shall terminate twelve (12) months after such termination of employment.