For death and disability Sample Clauses

For death and disability. The Company may also terminate the Employment, at any time, without notice or remuneration (unless notice or remuneration is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law), if:
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For death and disability. The Company may also terminate the Employment, at any time,immediately upon written notice to the Executive and without remuneration (unless notice or remuneration is specifically required byapplicable law, in which case notice or remuneration will be provided in accordance with applicable law), if: (1) the Executive has died, or (2) the Executive has a disability which shall mean a physical or mental impairment which, as reasonably determined by the Board, renders the Executive unable to perform the essential functions of his employment with the Company, with or without reasonable accommodation, for more than 120 days in any 12-month period, unless a longer period is required by applicable law, in which case that longer period would apply. Upon termination for death or disability, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination. However, the Executive will not be entitled to receive payment of any severance benefits or other amounts by reason of the termination, and the Executive’s right to all other benefits will terminate, except as required by any applicable law. (iii)
For death and disability. The Executive's employment hereunder shall terminate upon his death, and may be terminated by the Company upon notice to Executive due to Disability. For purposes hereof, "Disability" shall mean a physical or mental incapacity that renders the Executive unable to substantially discharge his duties hereunder (i) for a period of one hundred and eighty (180) consecutive days, or (ii) for shorter consecutive periods aggregating one hundred and eighty (180) days in any period of three hundred and sixty five (365) days, or (iii) if, prior to the expiration of either such one hundred and eighty (180) day period, Executive's attending physician provides the Company with a written prognosis that the illness, injury or other incapacity that results in Executive's current disabled condition is reasonably expected to prevent Executive from fully discharging the substantial and material duties of his then current position of employment with the Company for a period of at least one hundred and eighty (180) days.
For death and disability. The Company may also terminate the Employment, at any time, immediately upon written notice to the Executive and without remuneration (unless notice or remuneration is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law), if: (1) the Executive has died, or (2) the Executive has a disability which shall mean a physical or mental impairment which, as reasonably determined by the Board, renders the Executive unable to perform the essential functions of his employment with the Company, with or without reasonable accommodation, for more than 120 days in any 12-month period, unless a longer period is required by applicable law, in which case that longer period would apply.
For death and disability. The Executive's employment hereunder shall terminate upon his death, and may be terminated by the Company upon notice to Executive due to Disability. For purposes hereof, "Disability" shall mean a physical or mental incapacity that renders the Executive unable to fully discharge his duties hereunder (i) for a period of six (6) consecutive months, or (ii) for shorter consecutive periods aggregating six months in any period of twelve (12) consecutive months, or (iii) if, prior to the expiration of either such six (6) month period, Executive's attending physician provides the Company with a written prognosis that the illness, injury or other incapacity that results in Executive's current disabled condition is reasonably expected to prevent Executive from fully discharging the substantial and material duties of his then current position of employment with the Company for a period of at least six (6) consecutive months.
For death and disability. The Executive's employment hereunder shall terminate upon his death, and may be terminated by the Company upon notice to Executive due to disability (e.g., a physical or mental incapacity that renders the Executive unable to substantially discharge his duties hereunder). (b)

Related to For death and disability

  • TERMINATION FOR DISABILITY OR DEATH (a) Termination of Executive’s employment based on “Disability” shall be construed to comply with Section 409A of the Internal Revenue Code and shall be deemed to have occurred if: (i) Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months; (ii) by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months, Executive is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Bank or the Company; or (iii) Executive is determined to be totally disabled by the Social Security Administration. The provisions of Sections 6(b) and (c) shall apply upon the termination of the Executive’s employment based on Disability. Upon the determination that Executive has suffered a Disability, disability payments hereunder shall commence within thirty (30) days.

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