Common use of Termination for Disability Clause in Contracts

Termination for Disability. The Company may terminate the Executive’s employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminated.

Appears in 17 contracts

Samples: Executive Employment Agreement (Arcis Resources Corp), Executive Employment Agreement (Arcis Resources Corp), Executive Employment Agreement (Mountain Renewables, Inc.)

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Termination for Disability. The Board of Directors of the Company may shall have the right to terminate the Executive’s employment because on or after the date Executive has a Disability, and such a termination shall not be treated as a termination without Cause under this Employment Agreement. If Executive’s employment is terminated on account of the a Disability of the Executive and thereafter a Separation occurs, the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminated.shall:

Appears in 15 contracts

Samples: Employment Agreement (Alimera Sciences Inc), Employment Agreement (Alimera Sciences Inc), Employment Agreement (Alimera Sciences Inc)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) (1) his unpaid Salary Base Compensation through the sixth full month following the Employment Termination Date and at his then effective Base Compensation rate; plus (2) any Stock Options which have not vested as of the Employment Termination Date shall be terminatedaccrued but unpaid Incentive Compensation plus (3) any expenses incurred in accordance with Section 6 hereof.

Appears in 6 contracts

Samples: Executive Employment Agreement (European Micro Holdings Inc), Executive Employment Agreement (European Micro Holdings Inc), Executive Employment Agreement (Regional Capital Management Corp)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s employment because is terminated on account of the Disability Executive’s Disability, the Executive shall receive any Accrued Benefits, and shall remain eligible for all benefits as provided pursuant to the terms of any long-term disability programs of the Executive and thereafter Company in effect at the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as time of the Employment Termination Date shall be terminatedsuch termination.

Appears in 2 contracts

Samples: Severance Agreement (Banknorth Group Inc/Me), Severance Agreement (Banknorth Group Inc/Me)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the a Disability of the Executive and thereafter the Company shall pay to the Executive (or his successorsdesignated representative), within ten (10) days of such termination, (1) his unpaid Salary otherwise payable through the twelfth (12th) full month following the Employment Termination Date and at his then effective Salary, plus any Stock Options which have not vested as of the Employment Termination Date shall be terminatedexpenses incurred in accordance with Section 6.

Appears in 2 contracts

Samples: Executive Employment Agreement (North Springs Resources Corp.), Executive Employment Agreement (APT Systems Inc)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminatedDate.

Appears in 2 contracts

Samples: Executive Employment Agreement (Genetic Vectors Inc), Executive Employment Agreement (Genetic Vectors Inc)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) (1) his unpaid Salary Base Compensation through the sixth (6th) full month following the Employment Termination Date and at his then effective Base Compensation rate; plus (2) any Stock Options which have not vested as of the Employment Termination Date shall be terminatedaccrued but unpaid Incentive Compensation, plus (3) any expenses incurred in accordance with Section 6 hereof.

Appears in 2 contracts

Samples: Executive Employment Agreement (Avid Sportswear & Golf Corp), Employment Agreement (Medical Staffing Solutions Inc)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary Sales Commissions and Base Compensation through the sixth full month following the Employment Termination Date and any Stock Options which have not vested as of at the Employment Termination Date then effective rate. In addition, the Executive shall be terminatedentitled to the amounts and benefits specified in Paragraphs (2) and (3) of Section 11(f) of this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Team America Corporation), Executive Employment Agreement (Team America Corporation)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) (1) his unpaid Salary Base Compensation through the third full month following the Employment Termination Date and at his then effective Base Compensation rate plus (2) any Stock Options which have not vested as of the Employment Termination Date shall be terminatedexpenses incurred in accordance with Section 6 hereof.

Appears in 2 contracts

Samples: Employment Agreement (August Project I Corp), Employment Agreement (August Project I Corp)

Termination for Disability. The Company may shall have the right to terminate Executive's employment on or after the date Executive has a Disability, and such a termination shall not be treated as a termination without Cause under this Agreement. If Executive’s 's employment because is terminated on account of the Disability of the Executive and thereafter a Disability, the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminated.shall:

Appears in 2 contracts

Samples: Severance and Non Competition Agreement (Ranpak Holdings Corp.), Employment Agreement (Om Group Inc)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s 's employment because is terminated on account of the Disability Executive's Disability, the Executive shall receive any Accrued Benefits, and shall remain eligible for all benefits as provided pursuant to the terms of any long-term disability programs of the Executive and thereafter Company in effect at the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as time of the Employment Termination Date shall be terminatedsuch termination.

Appears in 2 contracts

Samples: Severance Agreement (Banknorth Group Inc/Me), Severance Agreement (Banknorth Group Inc/Me)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary Salary, benefits and un-reimbursed expenses through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminatedDate.

Appears in 1 contract

Samples: Executive Employment Agreement (Newsmax Media Inc)

Termination for Disability. (a) The Company may terminate the Executive’s employment because by written notice at any time for Disability (as defined in subsection (c) below). Upon such termination, the Company will pay Executive (i) the Base Salary due Executive through the date of termination, plus other amounts to which Executive is entitled under any bonus or compensation plan or practice of the Disability Company at the time of termination, and (ii) provided that Executive executes and does not revoke a release as provided in Section 8, the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminatedSeverance Benefits.

Appears in 1 contract

Samples: Executive Employment Agreement (Micromet, Inc.)

Termination for Disability. The If the Company may shall terminate the Executive’s employment because of for Disability, the Disability of Company’s obligation to pay the Executive Executive’s Salary and thereafter benefits pursuant to Section 1.4 shall terminate, except that the Company shall pay to and provide the Executive (or his successors) his accrued but unpaid Salary and benefits pursuant to Section 1.4 through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminatedTermination.

Appears in 1 contract

Samples: Employment Agreement (Orchard Enterprises, Inc.)

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Termination for Disability. The Company may shall have the right to terminate Executive's employment on or after the date Executive incurs a Disability (as such term is defined below), and such a termination shall not be treated as a termination without Cause under this Agreement. Therefore, if Executive’s 's employment because is terminated on account of the Disability of the Executive and thereafter a Disability, the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminated.executive, without discount but less all applicable withholding:

Appears in 1 contract

Samples: Employment Agreement (Om Group Inc)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s 's employment because is terminated on account of the Disability Executive's disability, as determined under the Company's long-term disability plan (as in effect on the date of a Change in Control of the Executive and thereafter the Company shall pay to Company), the Executive (or his successors) his unpaid Salary through the Employment Termination Date and shall receive any Stock Options which have not vested as of the Employment Termination Date shall be terminated.Accrued Benefits,

Appears in 1 contract

Samples: Severance Agreement (Peoples Heritage Financial Group Inc)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s 's employment because is terminated on account of the Disability Executive's disability, as determined under the Company's long-term disability plan (as in effect on the date of a Change in Control of the Company), the Executive shall receive any Accrued Benefits, and thereafter shall remain eligible for all benefits as provided pursuant to the terms of any long-term disability programs of the Company shall pay to in effect at the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as time of the Employment Termination Date shall be terminatedsuch termination.

Appears in 1 contract

Samples: Severance Agreement (Peoples Heritage Financial Group Inc)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary Sales Commissions and Base Compensation through the sixth full month following the Employment Termination Date and any Stock Options which have not vested as of at the Employment Termination Date then effective rate. In addition, the Executive shall be terminatedentitled to the amounts and benefits specified in Paragraphs (2) and (3) of ss.10 (f) of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Team America Corporation)

Termination for Disability. The Company may terminate the Executive’s employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) (1) his unpaid Salary Base Compensation through the sixth (6th) full month following the Employment Termination Date and at his then effective Base Compensation rate; plus (2) any Stock Options which have not vested as of the Employment Termination Date shall be terminatedaccrued but unpaid Incentive Compensation, plus (3) any expenses incurred in accordance with Section 6 hereof.

Appears in 1 contract

Samples: Executive Employment Agreement (Falcon Natural Gas Corp)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s 's employment because is terminated on account of the Disability Executive's disability, as determined under the Company's long-term disability plan (as in effect on the date of a Change in Control of the Company), the Executive shall receive any Accrued Benefits, and thereafter the Company shall pay remain eligible for all benefits as provided pursuant to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and terms of any Stock Options which have not vested as of the Employment Termination Date shall be terminated.long-term

Appears in 1 contract

Samples: Severance Agreement (Peoples Heritage Financial Group Inc)

Termination for Disability. The Company may terminate In the event of Executive’s Disability, Executive’s service may be terminated by Company while Executive is Disabled. In the event Executive is terminated from employment because of the Disability of the Executive and thereafter due to Disability, the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminated.shall:

Appears in 1 contract

Samples: Agreement (Stein Mart Inc)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the a Disability of the Executive and thereafter the Company shall pay to the Executive (or his successorsdesignated representative), within ten (10) days of such termination, (1) his unpaid Salary Base Compensation otherwise payable through the twelfth (12th) full month following the Employment Termination Date and at his then effective Base Compensation rate, plus any Stock Options which have not vested as of the Employment Termination Date shall be terminatedexpenses incurred in accordance with Section 6.

Appears in 1 contract

Samples: Executive Employment Agreement (Royal Union Holdings, Corp.)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s 's employment because is terminated on account of the Disability Executive's disability, as determined under the Company's long-term disability plan (as in effect on the date of a Change in Control of the Executive and thereafter the Company shall pay to Company), the Executive (or his successors) his unpaid Salary through the Employment Termination Date and shall receive any Stock Options which have not vested as of the Employment Termination Date shall be terminated.Accrued

Appears in 1 contract

Samples: Severance Agreement (Peoples Heritage Financial Group Inc)

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