Common use of By Disability Clause in Contracts

By Disability. The Company may terminate Executive’s employment upon the inability of Executive to perform on a full-time basis the duties and responsibilities of his employment with the Company by reason of his illness or other physical or mental impairment or condition, if such inability continues for an uninterrupted period of 90 days. A period of inability shall be “uninterrupted” unless and until Executive returns to full-time work for a continuous period of at least 30 days. The Company shall have no liability for severance pay or benefits following the date of Executive’s termination of employment, other than payment of Executive’s accrued but unpaid salary and benefits through the date of Executive’s termination AND ANY RIGHTS EXECUTIVE HAS TO DISABILITY INSURANCE BENEFITS UNDER APPLICABLE LAW OR THE COMPANY’S SHORT OR LONG TERM DISABILITY INSURANCE POLICIES AS IN EFFECT AT THE TIME OF TERMINATION.

Appears in 8 contracts

Samples: Executive Employment Agreement (Compellent Technologies Inc), Executive Employment Agreement (Compellent Technologies Inc), Executive Employment Agreement (Compellent Technologies Inc)

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By Disability. The Company may terminate Executive’s employment upon the inability of Executive to perform on a full-time basis the duties and responsibilities of his employment with the Company by reason of his illness or other physical or mental impairment or condition, if such inability continues for an uninterrupted period of 90 days. A period of inability shall be “uninterrupted” unless and until Executive returns to full-time work for a continuous period of at least 30 days. The Company shall have no liability for severance pay or benefits following the date of Executive’s termination of employment, other than payment of Executive’s accrued but unpaid salary and benefits through the date of Executive’s termination AND ANY RIGHTS EXECUTIVE HAS TO DISABILITY INSURANCE BENEFITS UNDER APPLICABLE LAW OR THE COMPANY’S SHORT OR LONG TERM DISABILITY INSURANCE POLICIES AS IN EFFECT AT THE TIME OF TERMINATIONand any rights Executive has to disability insurance benefits under applicable law or the Company’s short or long term disability insurance policies as in effect at the time of termination.

Appears in 3 contracts

Samples: Executive Employment Agreement (Proto Labs Inc), Executive Employment Agreement (Compellent Technologies Inc), Executive Employment Agreement (Compellent Technologies Inc)

By Disability. The Company may terminate Executive’s employment upon the inability of Executive to perform on a full-time basis the duties and responsibilities of his Executive’s employment with the Company by reason of his Executive’s illness or other physical or mental impairment or condition, if such inability continues for an uninterrupted period of 90 daysone hundred and twenty (120) days (a “Disability”). A period of inability shall be “uninterrupted” unless and until Executive returns to full-time work for a continuous period of at least 30 thirty (30) days. The Company shall have no liability for severance pay or benefits following the date of Executive’s termination of employmentany Termination Date due to Disability, other than payment of Executive’s accrued but unpaid salary and benefits through the date Termination Date and other than any rights Executive has to disability insurance benefits under applicable law or the Company’s short or long term disability insurance policies as in effect at the time of Executive’s termination AND ANY RIGHTS EXECUTIVE HAS TO DISABILITY INSURANCE BENEFITS UNDER APPLICABLE LAW OR THE COMPANY’S SHORT OR LONG TERM DISABILITY INSURANCE POLICIES AS IN EFFECT AT THE TIME OF TERMINATIONtermination.

Appears in 2 contracts

Samples: Amended and Restated Severance Agreement (Proto Labs Inc), Severance Agreement (Proto Labs Inc)

By Disability. The Company may terminate Executive’s employment upon the inability of Executive to perform on a full-time basis the duties and responsibilities of his Executive’s employment with the Company by reason of his Executive’s illness or other physical or mental impairment or condition, if such inability continues for an uninterrupted period of 90 daysninety (90) days (a “Disability”). A period of inability shall be “uninterrupted” unless and until Executive returns to full-time work for a continuous period of at least 30 thirty (30) days. The Company shall have no liability for severance pay or benefits following the date of Executive’s termination of employmentany Termination Date due to Disability, other than payment of Executive’s accrued but unpaid salary and benefits through the date Termination Date and other than any rights Executive has to disability insurance benefits under applicable law or the Company’s short or long term disability insurance policies as in effect at the time of Executive’s termination AND ANY RIGHTS EXECUTIVE HAS TO DISABILITY INSURANCE BENEFITS UNDER APPLICABLE LAW OR THE COMPANY’S SHORT OR LONG TERM DISABILITY INSURANCE POLICIES AS IN EFFECT AT THE TIME OF TERMINATIONtermination.

Appears in 2 contracts

Samples: Severance Agreement (Proto Labs Inc), Severance Agreement (Proto Labs Inc)

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By Disability. The Company may terminate Executive’s employment upon the inability of Executive to perform on a full-time basis the duties and responsibilities of his Executive’s employment with the Company by reason of his Executive’s illness or other physical or mental impairment or condition, if such inability continues for an uninterrupted period of 90 daysone hundred and twenty (120) days (a “Disability”). A period of inability shall be “uninterrupted” unless and until Executive returns to full-time work for a continuous period of at least 30 thirty (30) days. The Company shall have no liability for severance pay or benefits following the date of Executive’s termination of employmentany Termination Date due to Disability, other than payment of Executive’s accrued but unpaid salary salary, cash incentive bonus and benefits through the date Termination Date and other than any rights Executive has to disability insurance benefits under applicable law or the Company’s short or long term disability insurance policies as in effect at the time of Executive’s termination AND ANY RIGHTS EXECUTIVE HAS TO DISABILITY INSURANCE BENEFITS UNDER APPLICABLE LAW OR THE COMPANY’S SHORT OR LONG TERM DISABILITY INSURANCE POLICIES AS IN EFFECT AT THE TIME OF TERMINATIONtermination.

Appears in 1 contract

Samples: Severance Agreement (Proto Labs Inc)

By Disability. The Company may terminate Executive’s employment upon the inability of Executive to perform on a full-time basis the duties and responsibilities of his Executive’s employment with the Company by reason of his Executive’s illness or other physical or mental impairment or condition, if such inability continues for an uninterrupted period of 90 daysninety (90) days (a “Disability”). A period of inability shall be “uninterrupted” unless and until Executive returns to full-time work for a continuous period of at least 30 thirty (30) days. The Company shall have no liability for severance pay or benefits following the date of Executive’s termination of employmentemployment due to Disability, other than payment of Executive’s accrued but unpaid salary and benefits through the date of Executive’s termination AND ANY RIGHTS EXECUTIVE HAS TO DISABILITY INSURANCE BENEFITS UNDER APPLICABLE LAW OR THE COMPANY’S SHORT OR LONG TERM DISABILITY INSURANCE POLICIES AS IN EFFECT AT THE TIME OF TERMINATIONand other than any rights Executive has to disability insurance benefits under applicable law or the Company’s short or long term disability insurance policies as in effect at the time of termination.

Appears in 1 contract

Samples: Severance Agreement (Proto Labs Inc)

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