Common use of Termination by the Company for Disability Clause in Contracts

Termination by the Company for Disability. If the Company (or Disaggregated Entity, if applicable) terminates Executive’s employment by reason of Executive’s Disability during a Post-Change Period, Imminent Control Change Period that culminates in a Change Date, Post-Significant Acquisition Period or Post-Disaggregation Period, the Company’s sole obligation to Executive under Articles II, IV, and V shall be as follows, and such obligations shall be reduced by amounts paid or provided by the Disaggregated Entity:

Appears in 7 contracts

Samples: Control Employment Agreement, Control Employment Agreement (Baltimore Gas & Electric Co), Control Employment Agreement (Exelon Corp)

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Termination by the Company for Disability. If the Company (or Disaggregated Entity, if applicable) terminates Executive’s 's employment by reason of Executive’s 's Disability during a the Post-Change Period, Imminent Control Change Period that culminates in a Change Date, Post-Significant Acquisition Period or Post-Disaggregation Period, the Company’s 's sole obligation to Executive under Articles II, IV, and V shall be as follows, and such obligations obligation shall be reduced by amounts paid or provided by the Disaggregated Entity:

Appears in 1 contract

Samples: Employment Agreement (Commonwealth Edison Co)

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Termination by the Company for Disability. If the Company (or Disaggregated Entity, if applicable) terminates Executive’s 's employment by reason of Executive’s 's Disability during a the Current Post-Merger Period, Post-Change Period, Imminent Control Change Period that culminates in a Change Date, Post-Significant Acquisition Period or Post-Disaggregation Period, the Company’s 's sole obligation to Executive under Articles II, IV, and V shall be as follows, and such obligations shall be reduced by amounts paid or provided by the Disaggregated Entity:

Appears in 1 contract

Samples: Employment Agreement (Commonwealth Edison Co)

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