Common use of Termination Termination Benefits Clause in Contracts

Termination Termination Benefits. The term of employment hereunder shall be terminated upon the first to occur of the following: (a) The expiration of the term of employment pursuant to Section 2 of this Agreement; (b) Executive's death or permanent disability. "Permanent disability" shall mean physical or mental incapacity of a nature which prevents Executive, in the judgement of an independent qualified physician of good standing, from performing his duties under this Agreement for a period of three months. If the term of employment is terminated because of Executive's death or disability, the Company shall pay (in the case of death) to Executive's beneficiary or beneficiaries designated in writing to the Company, or to Executive's estate in the absence or lapse of such designation, or (in the case of permanent disability) to Executive or his representative, any insurance proceeds attributable to Executive's death or disability;

Termination Termination Benefits. The term of employment hereunder shall be terminated upon the first to occur of the following: (a) The expiration of the term of employment pursuant to Section 2 of this Agreement; (b) Executive's death or permanent disabilityPermanent Disability. "Permanent disabilityDisability" shall mean physical or mental incapacity of a nature which prevents Executive, in the judgement judgment of an independent qualified physician of good standing, from performing his duties under this Agreement for a period of three months. If the term of employment is terminated because of Executive's death or disabilityPermanent Disability, the Company shall pay (in the case of death) to Executive's beneficiary or beneficiaries designated in writing to the Company, or to Executive's estate in the absence or lapse of such designation, or (in the case of permanent disabilityPermanent Disability) to Executive or his representative, any insurance proceeds attributable to Executive's death or disability;

Termination Termination Benefits. The term of employment hereunder shall be terminated upon the first to occur of the following: (aA) The expiration of the term of employment pursuant to Section 2 of this Agreement; (bB) Executive's death or permanent disability. "Permanent disability" shall mean physical or mental incapacity of a nature which prevents Executive, in the judgement sole judgment of an independent qualified physician the Board of good standingTrustees of the Company, from performing his duties under this Agreement for a period of three six months. If the term of employment is terminated because of Executive's death or disability, the Company shall pay (in the case of death) to Executive's beneficiary or beneficiaries designated in writing to the Company, or to Executive's estate in the absence or lapse of such designation, or (in the case of permanent disability) to Executive or his representative, any insurance proceeds attributable to Executive's death or disabilityrepresentative the Base Salary in respect of the unexpired portion of the term of employment in the amounts and at the times provided in Section 3;