Common use of Permanent Disability Clause in Contracts

Permanent Disability. If Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan applicable to senior executive officers as in effect on the date thereof) (“Permanent Disability”), Company or Executive may terminate this Agreement on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 20 contracts

Samples: Executive Employment Agreement (Synergy Pharmaceuticals, Inc.), Executive Employment Agreement (Synergy Pharmaceuticals, Inc.), Executive Employment Agreement (Synergy Pharmaceuticals, Inc.)

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Permanent Disability. If Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan Long-Term Disability Benefit Plan applicable to senior executive officers as in effect on the date thereofhereof) (“Permanent Disability”), the Company or Executive may terminate Executive’s employment under this Agreement on upon 30 days prior written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 9 contracts

Samples: Employment Agreement (Medcath Corp), Employment Agreement (Medcath Corp), Employment Agreement (Medcath Corp)

Permanent Disability. If the Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan 's Long-Term Disability Benefit Plan applicable to senior executive officers as in effect on the date thereofhereof) ("Permanent Disability"), the Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 6 contracts

Samples: Employment Agreement (Medcath Corp), Employment Agreement (Medcath Corp), Employment Agreement (Medcath Corp)

Permanent Disability. If Executive becomes totally and permanently disabled (as defined in the Company’s 's disability benefit plan applicable to senior executive officers as in effect on the date thereof) ("Permanent Disability"), Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 3 contracts

Samples: Employment Agreement (Qmed Inc), Employment Agreement (Qmed Inc), Employment Agreement (Qmed Inc)

Permanent Disability. If the Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan applicable to senior executive officers as in effect on the date thereof) (“Permanent Disability”), the Company or the Executive may terminate this Agreement on written notice thereof, and the Executive shall receive or commence receiving, as soon as practicable:

Appears in 2 contracts

Samples: Executive Employment Agreement (MGT Capital Investments Inc), Executive Employment Agreement (MGT Capital Investments Inc)

Permanent Disability. If Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan 's Long-Term Disability Benefit Plan applicable to senior executive officers as in effect on the date thereofhereof) ("Permanent Disability"), the Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 2 contracts

Samples: Employment Agreement (Medcath Corp), Employment Agreement (Medcath Corp)

Permanent Disability. If Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan applicable to senior executive officers as in effect on the date thereofthereof and determined by an independent competent medical authority selected by the Company and approved by the Executive, such approval not to be unreasonably withheld) (“Permanent Disability”), Company or Executive may terminate this Agreement on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Executive Employment Agreement (Synergy Pharmaceuticals, Inc.)

Permanent Disability. If the Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan 's Long-Term Disability Benefit Plan applicable to senior executive officers as in effect on the date thereofhereof) ("Permanent Disability"), the Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and in any such case Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Employment Agreement (Domain Energy Corp)

Permanent Disability. If the Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan 's Long-Term Disability Benefit Plan applicable to senior executive officers as in effect on the date thereofhereof) ("Permanent Disability"), the Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and in any such case Executive shall receive or commence receiving, : (i) as soon as practicable:possible under the terms thereof, all amounts payable pursuant to the terms of any disability insurance policy or similar arrangement which the Company maintains during the term hereof;

Appears in 1 contract

Samples: Employment Agreement (Domain Energy Corp)

Permanent Disability. If the Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan applicable to senior executive officers as in effect on the date thereof) (“Permanent Disability”), the Company or the Executive may terminate this Agreement on written notice thereof, and the Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Executive Employment Agreement (MGT Capital Investments, Inc.)

Permanent Disability. If the Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan 's Long-Term Disability Income Plan (Policy No. 0034 2460-010) applicable to senior executive officers as in effect on the date thereof) hereof ("Permanent Disability"), the Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and in any such case Executive shall receive or commence receiving, : (i) as soon as practicable:possible under the terms thereof, all amounts payable pursuant to the terms of any disability insurance policy or similar arrangement which the Company maintains during the term hereof;

Appears in 1 contract

Samples: Employment Agreement (Range Resources Corp)

Permanent Disability. If Executive becomes totally and permanently disabled (as defined in the Company’s 's disability benefit plan applicable to senior executive officers as in effect on the date thereof) ("Permanent Disability"), Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Employment Agreement (Qmed Inc)

Permanent Disability. If Executive becomes totally and permanently disabled (as defined in the Company’s 's disability benefit plan applicable to senior executive officers as in effect on the date thereof) ("Permanent Disability"), Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and Executive shall receive or commence receiving, as soon as practicablereceiving :

Appears in 1 contract

Samples: Employment Agreement (Q Med Inc)

Permanent Disability. If Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan applicable to senior executive officers as in effect on the date thereofthereof and determined by an independent competent medical authority selected by the Company and approved by Executive, such approval not to be unreasonably withheld) (“Permanent Disability”), then the Company or Executive may terminate this Agreement on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Executive Employment Agreement (Synergy Pharmaceuticals, Inc.)

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Permanent Disability. If the Executive becomes totally and permanently disabled (as defined in to an extent which entitles him to long-term benefits under the Company’s 's long-term disability benefit plan applicable to senior executive officers as in effect on the date thereof) hereof ("Permanent Disability"), the Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Employment Agreement (Brunos Inc)

Permanent Disability. If the Executive becomes totally and -------------------- permanently disabled (as defined in the Company’s disability benefit plan 's Long-Term Disability Benefit Plan applicable to senior executive officers as in effect on at the date thereoftime Executive's disability is incurred) ("Permanent Disability"), the Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lg&e Energy Corp)

Permanent Disability. If the Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan 's Long-Term Disability Benefit Plan applicable to senior executive officers as in effect on the date thereofhereof) ("Permanent Disability"), the Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Employment Agreement (Hotjobs Com LTD)

Permanent Disability. If the Executive becomes totally and permanently disabled (as defined in the Company’s 's disability benefit plan applicable to senior executive the Executive officers as in effect on the date thereof) ("Permanent Disability"), Company or the Executive may terminate this Agreement the Executive's employment on written notice thereof, and the Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Executive Employment Agreement (Qmed Inc)

Permanent Disability. If during the Term, the Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan 's Long-Term Disability Benefit Plan applicable to senior executive officers as in effect on the date thereofhereof) ("Permanent Disability"), 6 the Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Employment Agreement (Malan Realty Investors Inc)

Permanent Disability. If the Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan 's Long-Term Disability Benefit Plan applicable to senior executive officers as in effect on the date thereofhereof) ("Permanent Disability"), the Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Employment Agreement (Russell-Stanley Holdings Inc)

Permanent Disability. If during the Term, the Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan 's Long-Term Disability Benefit Plan applicable to senior executive officers as in effect on the date thereofhereof) ("Permanent Disability"), the Company or Executive may terminate this Agreement Executive's employment on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Employment Agreement (Malan Realty Investors Inc)

Permanent Disability. If Executive becomes totally and permanently disabled (as defined in the Company’s disability benefit plan Long-Term Disability Benefit Plan applicable to senior executive officers as in effect on the date thereofhereof) (“Permanent Disability”), the Company or Executive may terminate this Agreement Executive’s employment on written notice thereof, and Executive shall receive or commence receiving, as soon as practicable:

Appears in 1 contract

Samples: Employment Agreement (Medcath Corp)

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