Common use of Incapacity Clause in Contracts

Incapacity. If, in the reasonable judgment of the Compensation Committee, as a result of Executive’s incapacity due to a medically determinable physical or mental illness, Executive shall have been absent from his full-time duties as described hereunder for the entire period of twelve (12) consecutive months (“Incapacity”), Executive’s employment shall terminate at the end of the twelve (12)-month period as provided in this Section 6.3. In such event:

Appears in 5 contracts

Samples: Employment Agreement (KLX Inc.), Employment Agreement (KLX Inc.), Employment Agreement (KLX Inc.)

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Incapacity. If, in the reasonable judgment of the Compensation Committee, as a result of Executive’s incapacity Incapacity due to a medically determinable physical or mental illness, Executive shall have been absent from his full-time duties as described hereunder for the entire period of twelve (12) consecutive months (“Incapacity”), Executive’s employment shall terminate at the end of the twelve (12)-month period as provided in this Section 6.34(c). In such event:

Appears in 4 contracts

Samples: Employment Agreement (KLX Inc.), Employment Agreement (KLX Inc.), Employment Agreement (B/E Aerospace Inc)

Incapacity. If, in the reasonable judgment of the Compensation Committee, as a result of the Executive’s incapacity due to a medically determinable physical or mental illness, the Executive shall have been absent from his full-time duties as described hereunder in this Agreement for the entire period of twelve (12) consecutive months (“Incapacity”), the Executive’s employment shall terminate at the end of the twelve (12)-month period as provided in this Section 6.34(c). In such event:

Appears in 2 contracts

Samples: Employment Agreement (KLX Inc.), Employment Agreement (KLX Inc.)

Incapacity. If, in the reasonable judgment of the Compensation Committee, Committee as a result of the Executive’s incapacity due to a medically determinable physical or mental illness, the Executive shall have been absent from his full-time duties as described hereunder for the entire period of twelve (12) consecutive months (“Incapacity”), the Executive’s employment shall terminate at the end of the twelve (12)-month period as provided in this Section 6.3period. In such event, upon the Termination Date, the Company shall provide the benefits set forth in 4(d)(ii) and pay to the Executive a lump-sum payment equal to:

Appears in 1 contract

Samples: Employment Agreement (B/E Aerospace Inc)

Incapacity. If, in the reasonable judgment of the Compensation Committee, as a result of Executive’s incapacity Incapacity due to a medically determinable physical or mental illness, Executive shall have been absent from his full-time duties as described hereunder for the entire period of twelve (12) consecutive months (“Incapacity”), Executive’s employment shall terminate at the end of the twelve (12)-month period as provided in this Section 6.35(c). In such event:

Appears in 1 contract

Samples: Employment Agreement (B/E Aerospace Inc)

Incapacity. If, in the reasonable judgment of the Compensation Committee, as a result of the Executive’s incapacity due to a medically determinable physical or mental illness, the Executive shall have been absent from his full-time duties as described hereunder for the entire period of twelve twenty-nine (1229) consecutive months (“Incapacity”), the Executive’s employment shall terminate at the end of the twelve twenty-nine (12)-month 29)-month period as provided in this Section 6.37.3. In such event:

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Incapacity. If, in the reasonable judgment of the Compensation Committee, Committee as a result of the Executive’s incapacity due to a medically determinable physical or mental illness, the Executive shall have been absent from his full-time duties as described hereunder for the entire period of twelve six (126) consecutive months (“Incapacity”), the Executive’s employment shall terminate at the end of the twelve six (12)-month period as provided in this Section 6.36)-month period. In such event, upon the Termination Date, the Company shall pay to the Executive a lump sum payment equal to:

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Incapacity. If, in the reasonable judgment of the Compensation Committee, as a result of Executive’s incapacity due to a medically determinable physical or mental illness, Executive shall have been absent from his full-time duties as described hereunder for the entire period of twelve (12) consecutive months (“Incapacity”), Executive’s employment shall terminate at the end of the twelve (12)-month period as provided in this Section 6.37.3. In such event:

Appears in 1 contract

Samples: Employment Agreement (B/E Aerospace Inc)

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Incapacity. If, in the reasonable judgment of the Compensation Committee, as a result of Executive’s incapacity Incapacity due to a medically determinable physical or mental illness, Executive shall have been absent from his full-time duties as described hereunder for the entire period of twelve twenty-nine (1229) consecutive months (“Incapacity”), Executive’s employment shall terminate at the end of the twelve twenty-nine (12)-month 29)-month period as provided in this Section 6.35(c). In such event:

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Incapacity. If, in the reasonable judgment of the Compensation Committee, as a result of Executive’s incapacity Incapacity due to a medically determinable physical or mental illness, Executive shall have been absent from his full-time duties as described hereunder for the entire period of twelve (12) consecutive months (“Incapacity”), Executive’s employment shall terminate at the end of the twelve (12)-month 12)- month period as provided in this Section 6.34(c). In such event:

Appears in 1 contract

Samples: Employment Agreement (KLX Inc.)

Incapacity. If, in the reasonable judgment of the Compensation Committee, as a result of the Executive’s incapacity due to a medically determinable physical or mental illness, the Executive shall have been absent from his full-time duties as described hereunder for the entire period of twelve (12) consecutive months (“Incapacity”), the Executive’s employment shall terminate at the end of the twelve (12)-month period as provided in this Section 6.37.3. In such event:

Appears in 1 contract

Samples: Employment Agreement (B/E Aerospace Inc)

Incapacity. If, in the reasonable judgment of the Compensation Committee, Committee as a result of the Executive’s 's incapacity due to a medically determinable physical or mental illness, the Executive shall have been absent from his full-time duties as described hereunder for the entire period of twelve six (126) consecutive months ("Incapacity"), the Executive’s 's employment shall terminate at the end of the twelve six (12)-month period as provided in this Section 6.3. 6)-month period, In such event, upon the Termination Date, the Company shall pay to the Executive a lump sum payment equal to:

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Incapacity. If, in the reasonable judgment of the Compensation Committee, as a result of the Executive’s incapacity due to a medically determinable physical or mental illness, the Executive shall have been absent from his full-time duties as described hereunder for the entire period of twelve (12) consecutive months (“Incapacity”), the Executive’s employment shall terminate at the end of the twelve (12)-month period as provided in this Section 6.34(c). In such event:

Appears in 1 contract

Samples: Amended And (KLX Inc.)

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