Common use of For purposes Clause in Contracts

For purposes. of Section 1 of this Agreement, the Executive shall incur a disability if the Executive is absent from his duties with the Company for a period of more than six consecutive months due to a physical or mental illness and the Executive does not return to the full time performance of his duties within 30 days after the receipt of written notice from the Company of its intention to terminate his employment.

Appears in 2 contracts

Sources: Severance Compensation Agreement (Bath National Corp), Severance Compensation Agreement (Bath National Corp)