Executive Disability Sample Clauses
The Executive Disability clause defines the terms and conditions under which an executive is considered disabled for the purposes of an employment agreement. Typically, it outlines the criteria for determining disability, such as the inability to perform essential job functions for a specified period, and may require certification from a medical professional. This clause ensures both the employer and executive have a clear understanding of what constitutes a disability, thereby providing a framework for handling compensation, benefits, or potential termination if the executive becomes unable to fulfill their duties due to health reasons.
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Executive Disability. Executive's employment shall be subject to termination by the Employers upon (30) days advance written notice in the event of Executive's disability as defined herein. For purposes of this Agreement, "disability" shall mean a physical or mental condition of the Executive (a) that shall have prevented Executive from performance of her duties as Chief Financial Officer on a full-time basis (i.e., for purposes hereof, an average of no less than thirty-five (35) hours per week) during a period of ninety (90) consecutive days, and (b) that, in the opinion, stated to a reasonable degree of medical certainty, of a physician licensed to practice in the Commonwealth of Pennsylvania, is likely to continue to prevent Executive from the performance of her duties on a full-time basis for an additional six months or more. Executive waives physician-patient privilege and consents to and authorizes the release of her medical records to the Employers in the event Executive has not been able to work full-time for a period of ninety (90) consecutive days. In addition, in such event, Executive (a) authorizes any physician treating Executive to discuss Executive's condition with authorized representatives of the Employers and to express opinions as to the prognosis for Executive's recovery, and (b) consents to such medical examinations by licensed physicians as the Employers may reasonably require in order to evaluate Executive's condition and prospects for resumption of her duties on a full-time basis. If Executive's employment shall be terminated by reason of her disability, the Employers shall pay Executive her then current Annual Base Salary (minus applicable taxes and withholdings) prorated through the date of termination, together with the dollar value of any accrued vacation and the amount of any unreimbursed business expenses as of the date of termination, and the Employers shall have no further obligation to the Executive under this Agreement.
Executive Disability. If the Executive becomes disabled because of sickness, physical or mental disability, or any other reason, the Corporation and the Bank shall have the option to terminate this Agreement by giving thirty (30) days written notice of termination to the Executive, provided, however, that Executive shall continue to be eligible for benefits under the Bank’s long term disability insurance plan. Executive shall be deemed to have become “disabled” at such time as he qualifies (after expiration of any applicable waiting period) to receive benefits for partial or total disability under the Bank’s employee long term disability insurance plan. If Executive’s employment shall be terminated by reason of his disability, the Bank shall pay Executive his then current Base Salary (minus applicable taxes and withholdings) prorated through the date of termination, together with the amount of any unreimbursed business expenses as of the date of termination and, except as otherwise provided in this Section 13, the Corporation and the Bank shall have no further obligation to the Executive under this Agreement.
Executive Disability. If, as a result of Executive’s incapacity because of physical or mental illness, Executive shall have been absent from his duties with the Company for four (4) consecutive months or for more than an aggregate of six (6) months in any Employment Year and within thirty days after written Notice of Termination is given he shall not have returned to the full-time performance of his duties, Executive’s employment with the Company shall automatically be terminated for “Disability” on the Date of Termination.
Executive Disability. Notwithstanding any provision of any short or long-term disability plan, in the event that the Executive fails, due to a mental or physical disability, to perform the Executive's full‑time duties with the Company following a Change of Control, the Company’s obligations under Section 5.1 shall continue until the Executive resumes the full time performance of such duties or the Executive's employment is terminated by the Company for Disability (as defined in Appendix A).
Executive Disability. If at any time while employed hereunder the Executive, because of accident, disability, or physical or mental illness, becomes incapable of performing the essential functions of the job with or without reasonable accommodation, the Company shall have the right to terminate the Executive's employment only upon sixty (60) days' written notice to the Executive. "Disability" for purposes of this Agreement shall have the same meaning as provided under any long-term disability policy of the Company that covers the Executive, or if none, as defined in the Executive's long-term disability insurance policy, a copy of which shall be provided to the Company.