Common use of Death, Retirement or Disability Clause in Contracts

Death, Retirement or Disability. Executive’s employment and the Employment Period shall terminate automatically upon Executive’s death or Retirement. For purposes of this Agreement, “Retirement” shall mean normal retirement under the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary resignation after age 65 with at least ten years of service. If the Committee determines in good faith that the Disability of Executive has occurred (pursuant to the definition of Disability set forth in this § 7(a)), the Company may give to Executive written notice of its intention to terminate Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the “Disability Effective Date”), provided that, within the thirty (30) days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” shall mean the inability of Executive, as determined by the Committee, to substantially perform the essential functions of his/her regular duties and responsibilities with or without reasonable accommodation, due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six consecutive months.

Appears in 5 contracts

Samples: Employment Agreement (Global Payments Inc), Employment Agreement (Global Payments Inc), Employment Agreement (Global Payments Inc)

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Death, Retirement or Disability. Executive’s 's employment and the Employment Period shall terminate automatically upon Executive’s 's death or RetirementRetirement during the Employment Period. For purposes of this Agreement, "Retirement" shall mean normal retirement under as defined in the Company’s 's then-current retirement plan, or if there is no such retirement plan, "Retirement" shall mean voluntary resignation termination after age 65 with at least ten years of service. If the Committee Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth in this § 7(a)below), the Company it may give to Executive written notice in accordance with Section 15(f) of this Agreement of its intention to terminate Executive’s 's employment. In such event, Executive’s 's employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the "Disability Effective Date"), provided that, within the thirty (30) 30 days after such receipt, Executive shall not have returned to full-time performance of Executive’s 's duties. For purposes of this Agreement, "Disability" shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company's employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability shall mean the inability of Executive, as determined by the CommitteeBoard, to substantially perform the essential functions of his/her his regular duties and responsibilities (with or without reasonable accommodation, ) due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six consecutive months.

Appears in 5 contracts

Samples: Employment Agreement (PSS World Medical Inc), Employment Agreement (PSS World Medical Inc), Employment Agreement (PSS World Medical Inc)

Death, Retirement or Disability. Executive’s employment and the Employment Period shall terminate automatically upon Executive’s death or RetirementRetirement during the Employment Period. For purposes of this Agreement, “Retirement” shall mean normal retirement under as defined in the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary resignation termination after age 65 with at least ten years of service. If the Committee Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth in this § 7(a)below), the Company it may give to Executive written notice in accordance with Section 15(f) of this Agreement of its intention to terminate Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the “Disability Effective Date”), provided that, within the thirty (30) 30 days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company’s employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability shall mean the inability of Executive, as determined by the CommitteeBoard, to substantially perform the essential functions of his/her his regular duties and responsibilities (with or without reasonable accommodation, ) due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six consecutive months.

Appears in 4 contracts

Samples: Employment Agreement (PSS World Medical Inc), Employment Agreement (PSS World Medical Inc), Employment Agreement (PSS World Medical Inc)

Death, Retirement or Disability. Executive’s employment and the Employment Period shall terminate automatically upon Executive’s death or Retirement. For purposes of this Agreement, “Retirement” shall mean normal retirement under the CompanyExecutive’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary resignation of employment on or after attaining age 65 fifty-five (55) with at least ten (10) years of service. If the Committee determines in good faith that the Disability of Executive has occurred (pursuant to the definition of Disability set forth in this § 7(a)), the Company may give to Executive written notice of its intention to terminate Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the 30th thirtieth (30th) day after receipt of such written notice by Executive (the “Disability Effective Date”), provided that, within the thirty (30) days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” shall mean the inability of Executive, as determined by the Committee, to substantially perform the essential functions of his/her his regular duties and responsibilities with or without reasonable accommodation, due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six (6) consecutive months.

Appears in 4 contracts

Samples: Employment Agreement (Global Payments Inc), Employment Agreement (Global Payments Inc), Employment Agreement (Global Payments Inc)

Death, Retirement or Disability. Executive’s employment and the Employment Period shall terminate automatically upon Executive’s death or Retirement. For purposes of this Agreement, “Retirement” shall mean normal retirement under the CompanyExecutive’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary resignation of employment on or after attaining age 65 fifty-five (55) with at least ten (10) years of service. If the Committee determines in good faith that the Disability of Executive has occurred (pursuant to the definition of Disability set forth in this § 7(a)), the Company may give to Executive written notice of its intention to terminate Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the 30th thirtieth (30th) day after receipt of such written notice by Executive (the “Disability Effective Date”), provided that, within the thirty (30) days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” shall mean the inability of Executive, as determined by the Committee, to substantially perform the essential functions of his/her his regular duties and responsibilities with or without reasonable accommodation, due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six consecutive months.

Appears in 2 contracts

Samples: Employment Agreement (Global Payments Inc), Employment Agreement (Global Payments Inc)

Death, Retirement or Disability. Executive’s 's employment and the Employment Period shall terminate automatically upon Executive’s 's death or RetirementRetirement during the Employment Period. For purposes of this Agreement, "Retirement" shall mean normal retirement under as defined in the Company’s 's then-current retirement plan, or if there is no such retirement plan, "Retirement" shall mean voluntary resignation termination after age 65 with at least ten 10 or more years of service. If the Committee Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth in this § 7(a)below), the Company it may give to Executive written notice of its intention to terminate Executive’s 's employment. In such event, Executive’s 's employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the "Disability Effective Date"), provided that, within the thirty (30) 30 days after such receipt, Executive shall not have returned to full-time performance of Executive’s 's duties. For purposes of this Agreement, "Disability" shall mean the inability absence of Executive from Executive, 's duties with the Company on a full-time basis for 180 consecutive days as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Committee, Company or its insurers and acceptable to substantially perform the essential functions of his/her regular duties and responsibilities with Executive or without reasonable accommodation, due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six consecutive monthsExecutive's legal representative.

Appears in 2 contracts

Samples: Employment Agreement (Irt Property Co), Employment Agreement (Irt Property Co)

Death, Retirement or Disability. Executive’s employment and the Employment Period shall terminate automatically upon Executive’s death or Retirement. For purposes of this Agreement, “Retirement” shall mean normal retirement under the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary resignation after age 65 with at least ten years of service. If the Committee determines in good faith that the Disability of Executive has occurred (pursuant to the definition of Disability set forth in this § 7(a)), the Company may give to Executive written notice of its intention to terminate Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the “Disability Effective Date”), provided that, within the thirty (30) 30 days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” shall mean the inability of Executive, as determined by the Committee, to substantially perform the essential functions of his/her his regular duties and responsibilities with or without reasonable accommodation, due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six consecutive months.

Appears in 2 contracts

Samples: Employment Agreement (Global Payments Inc), Employment Agreement (Global Payments Inc)

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Death, Retirement or Disability. Executive’s 's employment and the Employment Period shall terminate automatically upon Executive’s 's death or Retirement. For purposes of this Agreement, "Retirement" shall mean normal retirement under the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean Executive's voluntary resignation of employment on or after attaining age 65 fifty-five (55) with at least ten (10) years of service. If the Committee CEO determines in good faith that the Disability of Executive has occurred (pursuant to the definition of Disability set forth in this § 7(a)), the Company may give to Executive written notice of its intention to terminate Executive’s 's employment. In such event, Executive’s 's employment with the Company shall terminate effective on the 30th thirtieth (30th) day after receipt of such written notice by Executive (the "Disability Effective Date"), provided that, within the thirty (30) days after such receipt, Executive shall not have returned to full-time performance of Executive’s 's duties. For purposes of this Agreement, "Disability" shall mean the inability of Executive, as determined by the CommitteeCEO, to substantially perform the essential functions of his/her his regular duties and responsibilities with or without reasonable accommodation, due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six (6) consecutive months.

Appears in 1 contract

Samples: Employment Agreement (Global Payments Inc)

Death, Retirement or Disability. Executive’s 's employment and the Employment Period shall ------------------------------- terminate automatically upon Executive’s 's death or Retirement. For purposes of this Agreement, “Retirement” shall mean normal retirement under Retirement during the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary resignation after age 65 with at least ten years of serviceEmployment Period. If the Committee Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth in this § 7(a)below), the Company it may give to Executive written notice in accordance with Section 14(f) of this Agreement of its intention to terminate Executive’s 's employment. In such event, Executive’s 's employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the "Disability Effective Date"), provided that, within the thirty (30) 30 days after such receipt, Executive shall not have returned to full-time performance of Executive’s 's duties. For purposes of this Agreement, "Disability" shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company's employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability shall mean the inability of Executive, as determined by the CommitteeBoard, to substantially perform the essential functions of his/her his regular duties and responsibilities with or without reasonable accommodation, due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six consecutive months. For purposes of this Agreement, "Retirement" shall mean voluntary termination of employment after age 65.

Appears in 1 contract

Samples: Employment Agreement (Check Into Cash Inc)

Death, Retirement or Disability. Executive’s employment and the Employment Period shall terminate automatically upon Executive’s death or Retirement. For purposes of this Agreement, “Retirement” shall mean normal retirement under the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary resignation after age 65 with at least ten years of service. If the Committee determines in good faith that the Disability of Executive has occurred (pursuant to the definition of Disability set forth in this § 7(a)), the Company may give to Executive written notice of its intention to terminate Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the “Disability Effective Date”), provided that, within the thirty (30) days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” shall mean the inability of Executive, as determined by the Committee, to substantially perform the essential functions of his/her regular duties and responsibilities with or without reasonable accommodation, due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six consecutive months.

Appears in 1 contract

Samples: Employment Agreement (Global Payments Inc)

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