Termination upon Disability definition

Termination upon Disability means the termination by the Company of the Optionee's employment or other engagement if he is unable to fulfill the requirements of his position with the Company for a period of six consecutive months by reason of a state of physical and/or mental incapacity and within 90 days after written notice has been served upon the Optionee notifying him of his failure to fulfill such requirements as aforesaid, he shall not have returned to the proper fulfillment of the requirements of his position with the Company;
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Termination upon Disability means a termination of the employment by the Executive by the Company as described in paragraph (1) of clause 13 below:
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Examples of Termination upon Disability in a sentence

  • If this Agreement is terminated by the Company pursuant to Sections 4.1 (Termination upon Death), 4.2 (Termination upon Disability) or 4.3 (Termination for Cause) hereof or in the event the Executive elects not to renew this Agreement pursuant to Section 2, the Executive shall receive only the amounts specified in clauses (iii), (iv) and (v) of Section 5.1 hereof.

  • If this Employment Agreement is terminated by the Company pursuant to Sections 4.1 (Termination upon Death), 4.2 (Termination upon Disability) or 4.3 (Termination for Cause) hereof, the Executive shall receive only the amounts specified in clause (iii) of Section 5.1 hereof.

  • In the event of any other termination, Optionee may exercise this Option only as described below: (a) Termination upon Disability of Optionee.

  • If this Employment Agreement is terminated by the Company pursuant to Sections 4(a) (Termination upon Death), 4(b) (Termination upon Disability) or 4(c) (Termination for Cause) hereof, the Executive (or his estate or representative as applicable) shall receive only the amounts specified in clause (ii) and (iii) of Section 5(a) hereof.

Related to Termination upon Disability

  • Disability Termination means termination by the Company of the Executive’s employment by reason of the Executive’s incapacitation due to disability. The Executive will be deemed to be incapacitated due to disability if at the end of any month the Executive is unable to perform substantially all of the Executive’s duties under this Agreement in the normal and regular manner due to illness, injury or mental or physical incapacity, and has been unable so to perform for either (i) three consecutive full calendar months then ending, or (ii) 90 or more of the normal working days during the 12 consecutive full calendar months then ending. Nothing in this paragraph alters the Company’s obligations under applicable law, which may, in certain circumstances, result in the suspension or alteration of the foregoing time periods.

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).

  • Disability/Disabled means because of Injury or Sickness you are unable to perform the material duties of your Regular Occupation, or are receiving disability benefits under the Employer's plan, during the initial 9 months of Disability. Thereafter, you must be unable to perform all of the material duties of any occupation which you may reasonably become qualified based on education, training or experience, or are subject to the terms of a Rehabilitation Plan approved by the Insurance Company.

  • Partial Disability or "Partially Disabled" means you, as a result of Injury or Sickness, are able to:

  • Disability means total and permanent disability as defined in Section 22(e)(3) of the Code.