Common use of Automatic Termination upon Death or Disability of Employee Clause in Contracts

Automatic Termination upon Death or Disability of Employee. This Agreement terminates upon the Employee’s death. Notwithstanding any provision of the NSHE Code to the contrary, in addition to any benefits which may be paid to the estate of the deceased Employee from insurance, retirement or any other source, Employer shall pay to the Employee’s estate the Employee’s salary through the day death occurred, plus any earned, accrued but unused annual leave, if applicable under NSHE policies, together with one-twelfth of the Employee’s base salary. Upon total or permanent disability of the Employee, within the meaning of the NSHE’s disability insurance for employees, the Employee is required to first use all unused accrued sick leave and, if applicable, annual leave or other leave authorized under NSHE policies. Upon the expiration of such leave or the period of six (6) months, whichever comes last, this Agreement shall automatically terminate.

Appears in 7 contracts

Samples: President Employment Agreement, Employment Agreement, President Employment Agreement

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Automatic Termination upon Death or Disability of Employee. This Agreement terminates upon the Employee’s death. Notwithstanding any provision of the NSHE Code to the contrary, in addition to any benefits which may be paid to the estate of the deceased the Employee from insurance, retirement or any other source, the Employer shall pay to the Employee’s estate the Employee’s salary through the day death occurred, plus any earned, accrued but unused annual leave, if applicable under NSHE policies, together with one-twelfth of the Employee’s base salary. Upon total or permanent disability of the Employee, within the meaning of the NSHE’s disability insurance for employees, the Employee is required to first use all unused accrued sick leave and, if applicable, annual leave or other leave authorized under NSHE policies. Upon the expiration of such leave or the period of six (6) months, whichever comes last, this Agreement shall automatically terminate.

Appears in 5 contracts

Samples: Employment Agreement, Employment Agreement, Employment Agreement

Automatic Termination upon Death or Disability of Employee. This Agreement terminates upon the Employee’s death. Notwithstanding any provision of the NSHE Code to the contrary, in addition to any benefits which may be paid to the estate of the deceased Employee from insurance, retirement or any other source, Employer shall pay to the Employee’s estate the Employee’s salary through the day death occurred, plus any earned, accrued but unused annual leave, if applicable under NSHE policies, together with one-one- twelfth (1/12th) of the Employee’s base salary. Upon total or permanent disability of the Employee, within the meaning of the NSHE’s disability insurance for employees, the Employee is required to first use all unused accrued sick leave and, if applicable, annual leave or other leave authorized under NSHE policies. Upon the expiration of such leave or the period of six (6) months, whichever comes lastoccurs later, this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Employment Agreement

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Automatic Termination upon Death or Disability of Employee. This Agreement terminates upon the Employee’s death. Notwithstanding any provision of the NSHE Code to the contrary, in addition to any benefits which may be paid to the estate of the deceased Employee from insurance, retirement or any other source, Employer shall pay to the Employee’s estate the Employee’s salary through the day death occurred, plus any earned, accrued but unused annual leave, if applicable under NSHE policies, together with one-twelfth of the Employee’s base salary. Upon total or permanent disability of the Employee, within the meaning of the NSHE’s disability insurance for employees, the Employee is required to first use all unused unused, accrued sick leave and, if applicable, annual leave or other leave authorized under NSHE policies. Upon the expiration of such leave or the period of six (6) months, whichever comes last, this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Employment Agreement

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