Termination upon Disability definition

Termination upon Disability means the termination by the Company of the Optionee's employment or other engagement if he is unable to fulfill the requirements of his position with the Company for a period of six consecutive months by reason of a state of physical and/or mental incapacity and within 90 days after written notice has been served upon the Optionee notifying him of his failure to fulfill such requirements as aforesaid, he shall not have returned to the proper fulfillment of the requirements of his position with the Company;
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Termination upon Disability means a termination of the employment by the Executive by the Company as described in paragraph (1) of clause 13 below:
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Examples of Termination upon Disability in a sentence

  • If this Agreement is terminated by the Company pursuant to Sections 4.1 (Termination upon Death), 4.2 (Termination upon Disability) or 4.3 (Termination for Cause) hereof or in the event the Executive elects not to renew this Agreement pursuant to Section 2, the Executive shall receive only the amounts specified in clauses (iii), (iv) and (v) of Section 5.1 hereof.

  • If this Employment Agreement is terminated by the Company pursuant to Sections 4.1 (Termination upon Death), 4.2 (Termination upon Disability) or 4.3 (Termination for Cause) hereof, the Executive shall receive only the amounts specified in clause (iii) of Section 5.1 hereof.

  • In the event of any other termination, Optionee may exercise this Option only as described below: (a) Termination upon Disability of Optionee.

  • If this Employment Agreement is terminated by the Company pursuant to Sections 4(a) (Termination upon Death), 4(b) (Termination upon Disability) or 4(c) (Termination for Cause) hereof, the Executive (or his estate or representative as applicable) shall receive only the amounts specified in clause (ii) and (iii) of Section 5(a) hereof.