Common use of Total and Permanent Disability Clause in Contracts

Total and Permanent Disability. In the event that Employee suffers Total and Permanent Disability, the Company may terminate Employee’s employment, but shall be obligated to continue Employee’s then regular salary and continue his benefits hereunder for a one year period. Employee agrees, in the event of any dispute under this Section, to submit to a physical examination by a licensed physician selected by the Company, the cost of such examination to be paid by the Company, and the decision as to Employee’s disability shall be conclusive and binding upon the Company and Employee. Nothing contained herein shall be construed to affect Employee’s rights under any disability insurance or similar policy, whether maintained by the Company, Employee or another party.

Total and Permanent Disability. In the event that Employee suffers Total and Permanent Disability, the Company may terminate Employee’s 's employment, but shall be obligated to continue Employee’s 's then regular salary and continue his benefits hereunder for a one year twelve month period. Employee agrees, in the event of any dispute under this Section, to submit to a physical examination by a licensed physician selected by the Company, the cost of such examination to be paid by the Company, and the decision as to Employee’s 's disability shall be conclusive and binding upon the Company and Employee. Nothing contained herein shall be construed to affect Employee’s 's rights under any disability insurance or similar policy, whether maintained by the Company, Employee or another party.

Total and Permanent Disability. In the event that Employee suffers Total and Permanent Disability, the Company may terminate Employee’s 's employment, but shall be obligated to continue Employee’s 's then regular salary and continue his benefits hereunder for a one year periodsix months. Employee agrees, in the event of any dispute under this Section, to submit to a physical examination by a licensed physician selected by the Company, the cost of such examination to be paid by the Company, and the decision as to Employee’s 's disability shall be conclusive and binding upon the Company and Employee. Nothing contained herein shall be construed to affect Employee’s 's rights under any disability insurance or similar policy, whether maintained by the Company, Employee or another party.

Total and Permanent Disability. In the event that Employee suffers Total and Permanent Disability, the Company may terminate Employee’s 's employment, but shall be obligated to continue Employee’s 's then regular salary and continue his benefits hereunder for a one the balance of the then-existing year periodterm of employment. Employee agrees, in the event of any dispute under this Section, to submit to a physical examination by a licensed physician selected by the Company, the cost of such examination to be paid by the Company, and the decision as to Employee’s 's disability shall be conclusive and binding upon the Company and Employee. Nothing contained herein shall be construed to affect Employee’s 's rights under any disability insurance or similar policy, whether maintained by the Company, Employee or another party.