Common use of Termination Upon Death or Permanent Disability Clause in Contracts

Termination Upon Death or Permanent Disability. Except as required by law and as provided in Section 7 hereof, all benefits and other rights of Employee hereunder shall be terminated by the death or permanent disability of the Employee. For the purposes of this Agreement, permanent disability is defined as Employee being incapable of performing his duties to the Company by reason of any medically determined physical or mental impairment that can be expected to last for a period of more than six consecutive months from the first date of the Employee’s absence due to the disability. The Company will give Employee at least four weeks written notice of termination due to such disability.

Appears in 6 contracts

Samples: Officer Employment Agreement (XOMA Corp), Officer Employment Agreement (XOMA Corp), Officer Employment Agreement (XOMA Corp)

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