Common use of Earlier Termination Clause in Contracts

Earlier Termination. (a) If the Executive shall fail, because of illness or incapacity, to render the services contemplated by this Agreement for six successive months or for shorter periods aggregating nine months in any calendar year, the directors of the Company may determine, on the basis of medical evidence satisfactory to the Company, in the Company's sole discretion, that the Executive has become disabled. If within thirty (30) days after the date on which written notice of such determination is given to the Executive, the Executive shall not have returned to the full-time performance of his duties hereunder, this Agreement and the employment of the Executive hereunder shall be deemed terminated in accordance with Section 8 hereof.

Appears in 4 contracts

Samples: Employment Agreement (Wellsford Real Properties Inc), Employment Agreement (Wellsford Real Properties Inc), Employment Agreement (Wellsford Real Properties Inc)

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Earlier Termination. (a) If the Executive shall fail, because of illness or incapacity, disability to render the services contemplated by this Agreement for six successive months or for shorter periods aggregating nine months in any calendar yearof the three Contract Years, the directors of the Company Board may determine, on the basis of medical evidence satisfactory to the CompanyBoard, in the CompanyBoard's sole discretion, that the Executive has become disabled. If within thirty (30) days after the date on which written notice of such determination is given to the Executive, the Executive shall not have returned to the full-time performance of his duties hereunder, this Agreement and the employment of the Executive hereunder shall be deemed terminated on such 30th day in accordance with Section 8 hereof.

Appears in 1 contract

Samples: Employment Agreement (Wellsford Real Properties Inc)

Earlier Termination. (a) If the Executive shall fail, because of illness or incapacity, to render the services contemplated by this Agreement for six successive months or for shorter periods aggregating nine months in any calendar year, the directors of the Company Board may determine, on the basis of medical evidence satisfactory to the CompanyBoard, in the CompanyBoard's sole discretion, that the Executive has become disabled. If within thirty (30) days after the date on which written notice of such determination is given to the Executive, the Executive shall not have returned to the full-time performance of his duties hereunder, this Agreement and the employment of the Executive hereunder shall be deemed terminated on such 30th day in accordance with Section 8 hereof.

Appears in 1 contract

Samples: Employment Agreement (Wellsford Real Properties Inc)

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Earlier Termination. (a) If the Executive shall fail, because of illness or incapacity, to render the services contemplated by this Agreement for six successive months or for shorter periods aggregating nine months in any calendar year, the directors of the Company Board may determine, on the basis of medical evidence satisfactory to the CompanyBoard, in the Company's Board’s sole discretion, that the Executive has become disabled. If within thirty (30) days after the date on which written notice of such determination is given to the Executive, the Executive shall not have returned to the full-time performance of his duties hereunder, this Agreement and the employment of the Executive hereunder shall be deemed terminated on such 30th day in accordance with Section 8 hereof.

Appears in 1 contract

Samples: Employment Agreement (Wellsford Real Properties Inc)

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