Common use of By Death or Disability Clause in Contracts

By Death or Disability. Employee’s employment and this Agreement shall terminate upon Employee’s Disability or death. For purposes of this Agreement, “Disability” shall mean Employee’s physical or mental inability to perform substantially all of Employee’s duties, with or without reasonable accommodation, for a period of ninety (90) days, whether or not consecutive, during any 365-day period, as determined in the Bank’s reasonable discretion and in accordance with any applicable law. The Bank shall give Employee written notice of termination for Disability, and the termination shall be effective as of the date specified in such notice.

Appears in 6 contracts

Samples: Employment Agreement (Four Oaks Fincorp Inc), Employment Agreement (Four Oaks Fincorp Inc), Employment Agreement (Four Oaks Fincorp Inc)

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By Death or Disability. Employee’s 's employment and this Agreement shall terminate upon Employee’s 's Disability or death. For purposes of this Agreement, "Disability" shall mean Employee’s 's physical or mental inability to perform substantially all of Employee’s 's duties, with or without reasonable accommodation, for a period of ninety (90) days, whether or not consecutive, during any 365-day period, as determined in the Bank’s Company's reasonable discretion and in accordance with any applicable law. The Bank Company shall give Employee written notice of termination for Disability, Disability and the termination shall be effective as of the date specified in such notice.

Appears in 3 contracts

Samples: Employment Agreement (First Bancorp /Nc/), Employment Agreement (First Bancorp /Nc/), Employment Agreement (First Bancorp /Nc/)

By Death or Disability. Employee’s employment and this Agreement shall terminate upon Employee’s Disability or death. For purposes of this Agreement, “Disability” shall mean Employee’s physical or mental inability to perform substantially all of Employee’s duties, with or without reasonable accommodation, for a period of ninety (90) days, whether or not consecutive, during any 365-day period, as determined in the Bank’s reasonable discretion and in accordance with any applicable law. The Bank Company shall give Employee written notice of termination for Disability, Disability and the termination shall be effective as of the date specified in such notice.

Appears in 2 contracts

Samples: Employment Agreement (Four Oaks Fincorp Inc), Employment Agreement (Four Oaks Fincorp Inc)

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By Death or Disability. Employee’s employment and this Agreement shall terminate upon Employee’s Disability or death. For purposes of this Agreement, “Disability” shall mean Employee’s physical or mental inability to perform substantially all of Employee’s duties, with or without reasonable accommodation, for a period of ninety (90) days, whether or not consecutive, during any 365-day period, as determined in the BankCompany’s reasonable discretion and in accordance with any applicable law. The Bank Company shall give Employee written notice of termination for Disability, Disability and the termination shall be effective as of the date specified in such notice.

Appears in 1 contract

Samples: Employment Agreement (First Bancorp /Nc/)

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