Common use of Removal from Position Upon Disability Clause in Contracts

Removal from Position Upon Disability. If during the Term, the Executive incurs a Disability, then the Company, by written notice to the Executive, shall have the right to remove him from his position and any such termination shall not constitute a termination without Cause. For purposes of this Agreement, “Disability” shall have the same meaning given such term in the long-term disability plan or policy maintained by the Company.

Appears in 2 contracts

Sources: Employment Agreement (Manning & Napier, Inc.), Employment Agreement (Manning & Napier, Inc.)