Death or Disability of the Employee. (a) Time-Based Restricted Stock In the event (i) of the death of the Employee, or (ii) the Company terminates the Employee’s employment due to a permanent and total disability which results in the Employee’s inability to return to work with the Company, all previously granted shares of Time-Based Restricted Stock not yet free of the restrictions of Section A.1(a) shall become immediately free of such restrictions.
Death or Disability of the Employee. In the event of the death of the Employee during the term of this Agreement and while he or she is employed by the Company (or a subsidiary) or within three (3) months after the termination of his or her employment other than for cause, the Option granted hereby shall become fully vested (if not already fully vested) and may be exercised by a legatee or legatees of the Employee under his or her last will, or by his or her personal representatives or distributees, at any time within a period of one (1) year after his or her death, but not after ten (10) years from the Grant Date. In the event the Company terminates the Employee’s employment due to a permanent and total disability which results in the Employee’s inability to return to work, the Option granted hereby shall become fully vested (if not already fully vested) and may be exercised by the Employee at any time within a period of three (3) months after his or her employment is so terminated, but not after ten (10) years from the Grant Date.
Death or Disability of the Employee. (a) The employment of the Employee hereunder (and the Employment Period) shall terminate (i) automatically upon the death of the Employee and (ii) at the option of the Company, upon not less than thirty (30) days’ prior written notice to the Employee or the Employee’s personal representative or guardian, if the Employee suffers a Total Disability (as defined below). In the event the Employee’s employment is terminated pursuant to this Section 4.2, the Employee, or his estate, shall be entitled to receive (i) the Accrued Amounts, which shall be payable in a lump sum within thirty (30) days of any such termination, and (ii) an amount equal to any unpaid Annual Bonus otherwise payable for the year immediately preceding the year in which the employment of the Employee is terminated pursuant to this Section 4.2, any such amount to be paid no later than March 15 of the year in which such termination occurs.
Death or Disability of the Employee. The Employee's employment shall ----------------------------------- terminate immediately upon his/her death. In the event the Employee becomes physically or mentally disabled under the terms of the then currently effective disability coverage for full time employees of the Company, they shall cease receiving compensation under the terms of this agreement. In the event that the Employee returns to active full time employment with the Company during the term of this agreement, or any extension or renewal thereof, they shall then be compensated for their employment under the terms of this agreement for their actual active employment with the Company.
Death or Disability of the Employee. The death or any illness, disability or other incapacity of Employee that results in Employee being unable to perform Employee's duties with the Company on a full-time basis for a period of three (3) consecutive months, or for shorter periods aggregating ninety (90) or more days in any twelve (12)-month period. If Employee shall become ill, disabled or incapacitated as set forth above, Employee's employment may be terminated by written notice from the Company to Employee, after which Employee will not be entitled to receive any further payments or benefits from the Company and the Company shall be released from any and all obligations under this Agreement.
Death or Disability of the Employee. The Employee's employment shall terminate immediately upon his death. In the event the Employee becomes physically or mentally disabled so as to qualify for disability payments under the then current disability coverage for full time employees of the Company, the Company may at its option terminate his employment upon not less than thirty (30) days written notice. The Company's right to terminate the Employee's employment pursuant to the preceding sentence shall cease in the event the notice of termination provided for therein shall not be given during the period of the Employee's disability or within ninety (90) days after such disability ceases. In the event of termination, the Company shall be obligated to pay the Employee's salary under paragraph 3 hereof, net of the gross amount of Long Term disability benefits received by the Employee, through the balance of the term of this Agreement and any then currently effective extension thereof.
Death or Disability of the Employee. In the event of (i) the death of the Employee, or (ii) the Company terminates the Employee’s employment due to a permanent and total disability which results in the Employee’s inability to return to work, all previously granted shares of Restricted Stock not yet free of the restrictions of Section A.1 shall become immediately free of such restrictions.
Death or Disability of the Employee. The Employee's employment shall terminate immediately upon his death. In the event the Employee becomes physically or mentally disabled so as to become unable, for a period of more than one hundred twenty (120) consecutive working days or for more than one hundred twenty (120) working days in the aggregate during any twelve (12) month period, to perform his duties hereunder on a substantially full-time basis, the Company may at its option terminate his employment upon not less than thirty (30) days written notice. The Company's right to terminate the Employee's employment pursuant to the preceding sentence shall cease in the event the notice of termination provided for therein shall not be given during the period of the Employee's disability or within ninety (90) days after such disability ceases. In the event of termination, the Company shall be obligated to pay the Employee's salary under paragraph 3 hereof, net of the gross amount of Long Term disability benefits received by the Employee, through the
Death or Disability of the Employee. This Agreement shall immediately terminate as of the date of death or disability of the Employee. In such event the Employee or the Employee’s estate, as the case may be, shall be entitled to receive the Severance Compensation for the period of time and in the amount set forth in Section 9 hereof and all salary and other compensation and benefits due the Employee hereunder through the date of death or determination of disability. For purposes of this provision, “disability” shall be defined as the Employee’s inability or physical or mental incapacity, with or without a reasonable accommodation, to perform the essential functions and duties of his position with the Company by reason of a physical or mental disability, impairment or condition. Employee agrees to submit such medical evidence, acceptable to the Company, regarding his disability, impairment or condition as it may reasonably request.
Death or Disability of the Employee. In the event of the death or Disability (as defined in the Plan) of the Employee, all previously granted shares of Restricted Stock not yet free of the restrictions of Section 1 shall become immediately free of such restrictions. In the event of death, shares of Restricted Stock that become vested in accordance with this Section shall be distributed to the Employee’s beneficiary designated by the Employee on such form and in such manner as may be prescribed by the Company or, if the Employee fails to designate a beneficiary in accordance with the foregoing, to the Employee’s surviving spouse or, if there is no surviving spouse, in equal shares to the Employee’s surviving children or, if there are no surviving children, to the Employee’s estate.
