Common use of Death or Permanent Disability of Executive Clause in Contracts

Death or Permanent Disability of Executive. This Agreement will ------------------------------------------ terminate upon the death or permanent disability of Executive. Executive will be deemed permanently disabled for the purpose of this Agreement if, in the good faith determination of the Board of Directors, based on sound medical advice, Executive has become physically or mentally incapable of performing his duties hereunder for a continuous period of one hundred eighty (180) days, in which event Executive will be deemed permanently disabled upon the expiration of such one hundred eighty (180) day period.

Appears in 6 contracts

Samples: Employment Agreement (Hospitality Design & Supply Inc), Employment Agreement (United Road Service Inc), Employment Agreement (United Road Service Inc)

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Death or Permanent Disability of Executive. This Agreement will ------------------------------------------ terminate upon the death or permanent disability of Executive. Executive will be deemed permanently disabled for the purpose of this Agreement if, in the good faith determination of the Board of Directors, based on sound independent medical advice, Executive has become physically or mentally incapable of performing his duties hereunder for a continuous period of one hundred eighty (180) days, in which event Executive will be deemed permanently disabled upon the expiration of such one hundred eighty (180) day period.

Appears in 1 contract

Samples: Employment Agreement (Hospitality Design & Supply Inc)

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Death or Permanent Disability of Executive. This Agreement will ------------------------------------------ terminate upon the death or permanent disability of Executive. Executive will be deemed permanently disabled for the purpose of this Agreement if, in the good faith determination of the Board of Directors, based on sound medical advice, Executive has become physically or mentally incapable of performing his duties hereunder for a continuous period of one hundred eighty (180) days, in which event Executive will be deemed permanently disabled upon the expiration of such one hundred eighty (180) day period.

Appears in 1 contract

Samples: Employment Agreement (United Road Service Inc)

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