Common use of Termination Resulting from Death or Disability Clause in Contracts

Termination Resulting from Death or Disability. If, as ---------------------------------------------- the result of any physical or mental disability, Executive shall fail or be unable to perform in a satisfactory manner a material portion of his duties and obligations hereunder for a period of 180 consecutive days or for a total of 180 days in any twelve (12) month period, Employer may, upon thirty (30) days prior written notice to Executive, terminate Executive's employment hereunder. Any dispute as to a disability shall be resolved by a medical doctor selected jointly by Employer and Executive, or, failing agreement, by the President of the American Medical Association. The death of Executive shall terminate this Agreement and his employment hereunder, effective at the time of death. In the event of termination resulting from disability or death, Executive or his estate, as the case may be, shall receive Executive's Base Salary through the date of termination and a pro-rated portion (based on the number of days in the year in which Executive was employed) of the Bonus, if any, calculated for the portion of such calendar year through the last day of the month preceding the month in which Executive's employment terminated. Executive's participation in the benefits plans generally available to employees of Employer shall cease as of the date of such termination, with the exception of a disability insurance plan, if any.

Appears in 3 contracts

Samples: Employment Agreement (Gem Nevada LLC), Employment Agreement (Gem Nevada LLC), Employment Agreement (Gem Nevada LLC)

AutoNDA by SimpleDocs

Termination Resulting from Death or Disability. If, as ---------------------------------------------- the result of any physical or mental disability, Executive shall fail or be unable to perform in a satisfactory manner a material portion of his duties and obligations hereunder for a period of 180 consecutive days or for a total of 180 days in any twelve (12) month period, Employer may, upon thirty (30) days prior written notice to Executive, terminate Executive's employment hereunder. Any dispute as to a disability shall be resolved by a medical doctor selected jointly by Employer and Executive, or, failing agreement, by the President of the American Medical Association. The death of Executive shall terminate this Agreement and his employment hereunder, effective at the time of death. In the event of termination resulting from disability or death, Executive or his estate, as the case may be, shall receive Executive's Base Salary through the date of termination and a pro-rated portion (based on the number of days in the year in which Executive was employed) of the Bonus, if any, calculated for the portion of such calendar year through the last day of the month preceding the month in which Executive's employment terminated. Executive's participation in the benefits plans generally available to employees of Employer shall cease as of the date of such termination, with the exception of a disability insurance plan, if any.

Appears in 3 contracts

Samples: Employment Agreement (Official Information Co), Employment Agreement (Official Information Co), Employment Agreement (Official Information Co)

AutoNDA by SimpleDocs

Termination Resulting from Death or Disability. If, as the ---------------------------------------------- the result of any physical or mental disability, Executive shall fail or be unable to perform in a satisfactory manner a material portion of his duties and obligations hereunder for a period of 180 consecutive days or for a total of 180 days in any twelve (12) month period, Employer may, upon thirty (30) days prior written notice to Executive, terminate Executive's employment hereunder. Any dispute as to a disability shall be resolved by a medical doctor selected jointly by Employer and Executive, or, failing agreement, by the President of the American Medical Association. The death of Executive shall terminate this Agreement and his employment hereunder, effective at the time of death. In the event of termination resulting from disability or death, Executive or his estate, as the case may be, shall receive Executive's Base Salary through the date of termination and a pro-rated portion (based on the number of days in the year in which Executive was employed) of the Bonus, if any, calculated for the portion of such calendar year through the last day of the month preceding the month in which Executive's employment terminated. Executive's participation in the benefits plans generally available to employees of Employer shall cease as of the date of such termination, with the exception of a disability insurance plan, if any.

Appears in 2 contracts

Samples: Employment Agreement (Gem Nevada LLC), Employment Agreement (Gem Nevada LLC)

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