Approved Medical Doctor definition

Approved Medical Doctor means a medical doctor selected by the Company and the Executive for the purposes of determining Disability. In the event that the Company and the Executive cannot agree on a medical doctor, then each Party shall select a medical doctor and the two medical doctors shall select a third medical doctor who shall be the Approved Medical Doctor. (c) "Base Salary" shall mean the salary provided for in Section 4 below or any increased salary granted to the Executive pursuant to Section 4. (d) "Board" shall mean the Board of Directors of the Company. (e) "Cause" shall mean: (1) the Executive (i) is convicted of or (ii) pleads guilty or nolo contendere to (a) a felony or (b) a crime against the Company that causes or is reasonably likely to cause material economic harm to the Company; or (2) the Executive engages in conduct that constitutes willful gross neglect or willful gross misconduct in carrying out his duties under the Agreement, resulting, in either case, in material economic harm to the Company. (f) "Code" shall mean the Internal Revenue Code of 1986, as amended from time to time, including regulations thereunder and successor provisions and regulations thereto. (g) "Company Target" shall mean any entity with which the Company has actively engaged in discussions to acquire, merge or enter into any joint venture during the 12-month period ending on the date of the Executive's termination of employment. (h) A "Change in Control" shall mean the first to occur of the following events: (1) any "person" (as such term is used in Sections 3(a)(9) and 13(d) of the Exchange Act) becomes a "beneficial owner" (as such term is used in Rule 13d-3 under the Exchange Act) of more than 25 percent of the Voting Stock of the Company; 1
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Examples of Approved Medical Doctor in a sentence

  • In the event that the Company and the Executive cannot agree on a medical doctor, then each Party shall select a medical doctor and the two medical doctors shall select a third medical doctor who shall be the Approved Medical Doctor.

  • For this purpose, an Approved Medical Doctor shall be a medical doctor jointly selected by the Consultant and the Company.

  • In the event that the Consultant and the Company cannot agree on a medical doctor, each Party shall select a medical doctor and the two selected medical doctors shall jointly select a third medical doctor to serve as the Approved Medical Doctor.

  • For this purpose, an Approved Medical Doctor shall be a medical doctor jointly selected by the Executive and the Company.

  • In the event that the Executive and the Company cannot agree on a medical doctor, each Party shall select a medical doctor and the two selected medical doctors shall jointly select a third medical doctor to serve as the Approved Medical Doctor.

  • In the event that the Consultant and the Company cannot agree on a medical doctor, each party shall select a medical doctor and the two selected medical doctors shall jointly select a third medical doctor to serve as the Approved Medical Doctor.

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