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

Termination by the Company for Disability. The Company may terminate the Employee's employment for Disability by giving the Employee thirty (30) days prior written notice. For all purposes under this Agreement, "Disability" shall mean that the Employee, at the time the notice is given, has been unable to perform the Employee's duties under this Agreement for a period of not less than twelve (12) consecutive months as a result of the Employee's incapacity due to physical or mental illness. In the event that the Employee resumes the performance of substantially all of the Employee's duties under this Agreement before the termination of the Employee's employment under this Section becomes effective, the notice of termination shall automatically be deemed to have been revoked.

Appears in 4 contracts

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

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Termination by the Company for Disability. The Company may terminate the Employee's employment for Disability by giving the Employee thirty (30) days prior written notice. For all purposes under this Agreement, "Disability" shall mean that the Employee, at the time the notice is given, has been unable to perform the Employee's duties under this Agreement for a period of not less than twelve (12) consecutive months as a result of the Employee's ' incapacity due to physical or mental illness. In the event that the Employee resumes the performance of substantially all of the Employee's duties under this Agreement before the termination of the Employee's employment under this Section becomes effective, the notice of termination shall automatically be deemed to have been revoked.

Appears in 1 contract

Samples: Employment Agreement (Aerocentury Corp)

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