TERMINATION AND DISABILITY Sample Clauses

TERMINATION AND DISABILITY. If this Agreement is terminated by either party as a result of the Executive's Disability, as determined under Section 5.2, the Employer will pay the Executive his Salary and Benefits through the remainder of the calendar month during which such termination is effective and for the lesser of (i) six consecutive months thereafter, or (ii) the period until Disability insurance benefits commence under the Disability insurance coverage, if any, furnished by the Employer to the Executive. The Executive shall be entitled to the vested portions of his Incentive Compensation and Nonincentive Compensation and to a pro rata portion of his Incentive Compensation and Nonincentive Compensation for the year during which such Disability occurs, but shall not be entitled to any other Incentive Compensation or Nonincentive Compensation. Executive shall be entitled to continue to participate in Employer's group health insurance (if such participation is permitted by the insurance company providing such insurance coverage) after Disability occurs, provided Executive reimburses Employer for the costs of such coverage, Executive shall also be entitled to acquire from Employer any life insurance policy in effect on Executive's life at the date of Disability, provided Executive reimburses Employer the cash surrender value, if any, accumulated in such life insurance policy and assumes the obligation to make payments to maintain such insurance policy in effect.
Sample 1Sample 2
AutoNDA by SimpleDocs
TERMINATION AND DISABILITY. (A) Employer reserves the right, at its option, to terminate this Agreement on written notice to Employee in the event Employee (i) is convicted of a felony or crime involving moral turpitude, (ii) misappropriates funds of Employer, or (iii) materially breaches any of the provisions hereof or fails to materially comply with directives of Employer’s board of directors, where said breach or failure has not been cured within ninety (90) days from the date of written notice of such breach or failure.
Sample 1
TERMINATION AND DISABILITY. (A) Employer reserves the right, at its option, to terminate this Agreement on written notice to Employee in the event Employee (i) is convicted of a felony or crime involving moral turpitude, (ii) misappropriates funds of Employer, or (iii) materially breaches of any of the provisions hereof or fails to materially comply with directives of Employer's board of directors, where said breach or failure has not been cured within thirty (30) days from the date of written notice of such breach or failure. In the event of such termination, Employee agrees, for a subsequent period of one year, to refrain from hiring and to use his best efforts to cause any entity with which he is affiliated to refrain from hiring any individual in the employ of Employer on the date of such termination.
Sample 1
TERMINATION AND DISABILITY. (a) In the event the Employee becomes Disabled, the Employee shall receive benefits that at the least are at the levels and on the terms provided in the Disability Plan.
Sample 1
TERMINATION AND DISABILITY. The Board shall be entitled to and may terminate the Superintendent’s employment at any time during the term of this Contract for acts of moral turpitude, dishonesty, fraud, insubordination, incompetence, or if the superintendent materially breaches the terms and conditions of this Contract. In the event the Superintendent is unable to perform all or substantially all of his duties due to illness or accident for a period of six (6) consecutive months or more, the Board may at its discretion terminate this Agreement upon written notice to the Superintendent. Provided, however, the Superintendent shall have the right to be placed on sick leave or apply for and receive long-term disability benefits consistent with other Cass City Public Schools Administrative staff. The immediately preceding standards for termination of this Contract during its term shall not apply to non-renewal of this Contract at the expiration of its terms. Any non-renewal of this Contract shall be governed by the terms of the Revised School Code and shall be discretionary with the Board of Education, subject to the terms of the Revised School Code. Prior to any action by the Board of Education to discharge the Superintendent from his employment during the term of this Contract (as opposed to non-renewal) he shall be entitled to written notice of the charges based upon which the Board of Education intends to take action and shall be afforded an opportunity for a hearing before the Board of Education. At such hearing, the Superintendent shall be entitled to be represented by counsel, at his own expense, and present witnesses on his behalf.
Sample 1
TERMINATION AND DISABILITY. (A) Employer reserves the right, at its option, to terminate this Agreement on written notice to Employee for cause or for the breach of any of the provisions hereof where said breach has not been cured within thirty (30) days from the date of written notice of such breach.
Sample 1

Related to TERMINATION AND DISABILITY

  • Death and Disability (a) The Employment Term shall terminate on the date of Employee's death, in which event Employee's Salary, reimbursable expenses and benefits owing to Employee through the date of Employee's death shall be paid to his estate. Employee's estate will not be entitled to any other compensation upon termination of this Agreement pursuant to this subparagraph 8(a).

  • For death and disability The Company may also terminate the Employment, at any time, without notice or remuneration (unless notice or remuneration is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law), if:

  • ILLNESS AND DISABILITY 8.0 At the beginning of each school year each teacher shall be credited with ten (10) days of leave, the unused portion of which shall accumulate from year to year to one hundred fifty-five (155) days pro-rated based on the teacher’s regularly scheduled work day/week. The leave days may be taken by a teacher for the following reasons and subject to the following conditions:

  • INJURY AND DISABILITY 23.01 Where an employee is absent due to illness or injury which is compensable by WSIB, the following shall apply:

  • Termination by Disability If the Executive becomes Disabled prior to the expiration of the Employment Term, the Executive’s employment will terminate, and provided that such termination constitutes a Separation from Service, the Executive shall be entitled to:

  • Termination by Reason of Disability If, during the term of this Agreement, the Employee, in the reasonable judgment of the Board of Directors of Avocent Corporation, has failed to perform his duties under this Agreement on account of illness or physical or mental incapacity, and such illness or incapacity continues for a period of more than six (6) consecutive months, the Employer shall have the right to terminate the Employee’s employment hereunder by delivery of written notice to the Employee at any time after such six month period and payment to the Employee of all accrued salary, bonus compensation to the extent earned, additional bonus compensation in an amount equal to the average annual bonus earned by the Employee as an employee of Avocent Corporation and its affiliates and predecessors in the two (2) years immediately preceding the date of termination, vested deferred compensation, if any (other than pension plan or profit sharing plan benefits which will be paid in accordance with the applicable plan), any benefits under any plans of Employer or Avocent in which the Employee is a participant to the full extent of the Employee’s rights under such plans (including having the vesting of any awards granted to the Employee under any AHC or Avocent stock option plans fully accelerated), accrued vacation pay and any appropriate business expenses incurred by the Employee in connection with his duties hereunder, all to the date of termination, with the exception of medical and dental benefits which shall continue through the expiration of this Agreement, but the Employee shall not be paid any other compensation or reimbursement of any kind, including without limitation, severance compensation.

  • Termination upon Disability If this Agreement is terminated by either party as a result of Executive's disability, as determined under Section 6.2, Employer will pay Executive his Salary, and shall provide Executive with all benefits to which Executive is entitled immediately prior to such termination, through the remainder of the calendar month during which such termination is effective and for the three consecutive months thereafter.

  • Termination Upon Death or Permanent Disability This Agreement shall be automatically terminated on the death of Executive or on the permanent disability of Executive if Executive is no longer able to perform in all material respects the usual and customary duties of Executive’s employment hereunder. For purposes hereof, any condition which in reasonable likelihood is expected to impair Executive’s ability to materially perform Executive’s duties hereunder for a period of three months or more shall be considered to be permanent.

  • Short-Term Leave and Disability Plan (STLDP) Subject to paragraphs 3.4-3.8 below, full-time teachers will be allocated one hundred and twenty (120) STLDP days on the first day of each school year. If a teacher’s employment status is less than full time, the teacher’s eligibility for short- term disability days shall be prorated by the ratio that the teacher’s FTE status is to full time status. Teachers on an unpaid leave of absence are not eligible to access benefits under this article for the portion of the workday for which the teacher is on an unpaid leave of absence. Teachers eligible to access short-term leave and disability coverage shall receive payment equivalent to ninety percent (90%) of annual grid salary (calculated by annual grid salary inclusive of any applicable allowances, multiplied by 90% divided by 194), in accordance with the terms of this central agreement.

  • Compensation Upon Termination or During Disability In the event Executive is disabled or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.

Time is Money Join Law Insider Premium to draft better contracts faster.