Common use of Termination Upon Employee's Disability Clause in Contracts

Termination Upon Employee's Disability. In the event -------------------------------------- Employee's employment is terminated by Company due to Employee's disability, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c) hereof. For purposes of the foregoing, "disability" shall mean Employee's inability due to illness or other physical or mental disability to substantially perform Employee's duties as prescribed herein for a period of sixty (60) days within any consecutive six (6) month period, and any action to be taken hereunder based on disability shall not be effective until the expiration of such sixty (60) day period.

Appears in 3 contracts

Samples: Employment Agreement (Colorado Business Bankshares Inc), Employment Agreement (Colorado Business Bankshares Inc), Employment Agreement (Colorado Business Bankshares Inc)

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Termination Upon Employee's Disability. In the event -------------------------------------- Employee's -------------------------------------- employment is terminated by Company due to Employee's disability, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c) hereof. For purposes of the foregoing, "disability" shall mean Employee's inability due to illness or other physical or mental disability to substantially perform Employee's duties as prescribed herein for a period of sixty (60) days within any consecutive six (6) month period, and any action to be taken hereunder based on disability shall not be effective until the expiration of such sixty (60) day period.

Appears in 2 contracts

Samples: Employment Agreement (Colorado Business Bankshares Inc), Employment Agreement (Colorado Business Bankshares Inc)

Termination Upon Employee's Disability. In the event -------------------------------------- Employee's employment is terminated by Company due to Employee's disability, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c) hereof. For purposes of the foregoing, "disability" shall mean Employee's inability due to illness or other physical or mental disability to substantially perform Employee's his duties as prescribed herein for a period of sixty (60) days within any consecutive six (6) month period, and any action to be taken hereunder based on disability shall not be effective until the expiration of such sixty (60) day period.

Appears in 2 contracts

Samples: Employment Agreement (Colorado Business Bankshares Inc), Employment Agreement (Colorado Business Bankshares Inc)

Termination Upon Employee's Disability. In the event -------------------------------------- Employee's employment is terminated by Company due to Employee's disability, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c) hereof. For purposes of the foregoing, "disability" shall mean Employee's inability due to illness or other physical or mental disability to substantially perform Employee's his duties as prescribed herein for a period of sixty (60) days within any consecutive six (6) month period, and any action to be taken hereunder based on disability shall not be effective until the expiration of such sixty (60) day period.:

Appears in 1 contract

Samples: Employment Agreement (Colorado Business Bankshares Inc)

Termination Upon Employee's Disability. In the event -------------------------------------- Employee's employment is terminated by Company due to Employee's disability, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c) hereof. For purposes of the foregoing, "disability" shall mean Employee's inability due to illness or other physical or mental disability to substantially perform Employee's her duties as prescribed herein for a period of sixty (60) days within any consecutive six (6) month period, and any action to be taken hereunder based on disability shall not be effective until the expiration of such sixty (60) day period.

Appears in 1 contract

Samples: Employment Agreement (Colorado Business Bankshares Inc)

Termination Upon Employee's Disability. In the event -------------------------------------- Employee's -------------------------------------- employment is terminated by Company due to Employee's disability, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c) hereof. For purposes of the foregoing, "disability" shall mean Employee's inability due to illness or other physical or mental disability to substantially perform Employee's his duties as prescribed herein for a period of sixty (60) days within any consecutive six (6) month period, and any action to be taken hereunder based on disability shall not be effective until the expiration of such sixty (60) day period.

Appears in 1 contract

Samples: Employment Agreement (Colorado Business Bankshares Inc)

Termination Upon Employee's Disability. In the event -------------------------------------- Employee's -------------------------------------- employment is terminated by Company due to Employee's disability, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c4 ( c) hereof. For purposes of the foregoing, "disability" ,' shall mean Employee's inability due to illness or other physical or mental disability to substantially perform Employee's his duties as prescribed herein for a period of sixty forty- five (6045) days within any consecutive six (6) month period, and any action to be taken hereunder based on disability shall not be effective until the expiration of such sixty forty-five (6045) day period.. (vii)

Appears in 1 contract

Samples: Employment Agreement (Colorado Business Bankshares Inc)

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Termination Upon Employee's Disability. In the event -------------------------------------- Employee's ’s employment is terminated by Company due to Employee's ’s disability, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c) hereof. For purposes of the foregoing, "disability" shall mean Employee's ’s inability due to illness or other physical or mental disability to substantially perform Employee's ’s duties as prescribed herein for a period of sixty (60) days within any consecutive six (6) month period, and any action to be taken hereunder based on disability shall not be effective until the expiration of such sixty (60) day period.

Appears in 1 contract

Samples: Employment Agreement (Cobiz Financial Inc)

Termination Upon Employee's Disability. In the event -------------------------------------- Employee's employment is terminated by Company due to Employee's disability, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c) hereof. For purposes of the foregoing, foregoing "disability" shall mean Employee's inability due to illness or other physical or mental disability to substantially perform Employee's her duties as prescribed herein for a period of sixty (60) days within any consecutive six (6) month period, and any action to be taken hereunder based on disability shall not be effective until the expiration of such sixty (60) day period.

Appears in 1 contract

Samples: Employment Agreement (Colorado Business Bankshares Inc)

Termination Upon Employee's Disability. In the event -------------------------------------- Employee's employment is terminated by Company due to Employee's disability, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c4 ( c) hereof. For purposes of the foregoing, "disability" ,' shall mean Employee's inability due to illness or other physical or mental disability to substantially perform Employee's his duties as prescribed herein for a period of sixty forty-five (6045) days within any consecutive six (6) month period, and any action to be taken hereunder based on disability shall not be effective until the expiration of such sixty forty-five (6045) day period.

Appears in 1 contract

Samples: Employment Agreement (Cobiz Financial Inc)

Termination Upon Employee's Disability. In the event -------------------------------------- Employee's employment is terminated by Company due to Employee's disability, Company shall be obligated to pay Employee the severance benefits set forth in Paragraph 4(c) hereof. For purposes of the foregoing, "disability" shall mean Employee's inability due to illness or other physical or mental disability to substantially perform Employee's his duties as prescribed herein for a period of sixty forty-five (6045) days within any consecutive six (6) month period, and any action to be taken hereunder based on disability shall not be effective until the expiration of such sixty forty-five (6045) day period.:

Appears in 1 contract

Samples: Employment Agreement (Colorado Business Bankshares Inc)

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