Common use of Retirement, Death or Disability Clause in Contracts

Retirement, Death or Disability. If the Executive’s employment terminates during the Term of this Agreement due to his death, a disability that results in his collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation without Good Reason.

Appears in 30 contracts

Samples: Employment Agreement (Newtek Business Services Corp.), Employment Agreement (Newtek Business Services Corp.), Employment Agreement (Newtek Business Services Corp.)

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Retirement, Death or Disability. If the Executive’s employment terminates during the Term of this Agreement due to his her death, a disability that results in his her collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his her estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation without Good Reason.

Appears in 5 contracts

Samples: Employment Agreement (Newtek Business Services Corp.), Employment Agreement (Newtek Business Services, Inc.), Employment Agreement (Newtek Business Services, Inc.)

Retirement, Death or Disability. If the Executive’s 's employment terminates during the Term of this Agreement due to his death, a disability that results in his collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation without Good Reason.

Appears in 4 contracts

Samples: Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc), Newtek Capital Inc

Retirement, Death or Disability. If the Executive’s employment terminates during the Term of this Agreement due to his death, a disability that results in his collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation termination without Good Reason.

Appears in 2 contracts

Samples: Newtek Business (Newtek Business Services Inc), Newtek Business Services Inc

Retirement, Death or Disability. If the Executive’s employment terminates during the Term of this Agreement due to his her death, a disability that results in his Executive’s collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his Executive’s estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation without Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Retirement, Death or Disability. If the Executive’s 's employment terminates during the Term of this Agreement due to his death, a disability that results in his collection of any long-term disability benefits, death or retirement at or after age 62Disability, the Executive (or the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant for the balance of the Term, but not to subsection exceed six (d6) hereof upon months. If the Executive shall have been unable to perform the duties of his position for a resignation without Good Reasonperiod of three (3) months, the Executive shall, if so requested by the Company, submit to an examination to determine the existence of a Disability.

Appears in 1 contract

Samples: Escrow Agreement (Newtek Capital Inc)

Retirement, Death or Disability. If the Executive’s employment terminates during the Term of this Agreement due to his death, a disability that results in (which shall mean an inability due to physical or mental illness for Executive to perform his collection of any long-term disability benefitsduties hereunder for at least 180 days), or retirement at or after age 62, the Executive (or the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection Subsection (dc) hereof upon a resignation without Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Emerging Vision Inc)

Retirement, Death or Disability. If the Executive’s 's employment terminates during the Term of this Agreement due to his death, a disability that results in his collection of any long-term disability benefits, death or retirement at or after age 62Disability, the Executive (or 66 the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant for the balance of the Term, but not to subsection exceed six (d6) hereof upon months. If the Executive shall have been unable to perform the duties of his position for a resignation without Good Reasonperiod of three (3) months, the Executive shall, if so requested by the Company, submit to an examination to determine the existence of a Disability.

Appears in 1 contract

Samples: Escrow Agreement (Newtek Capital Inc)

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Retirement, Death or Disability. If the Executive’s 's employment terminates during the Term of this Agreement due to his death, a disability that results in his collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation termination without Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Inc)

Retirement, Death or Disability. If the Executive’s employment terminates during the Term of this Agreement due to his Executive’s death, a disability that results in his collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his Executive’s estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation without Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Retirement, Death or Disability. If the Executive’s 's employment terminates during the Term of this Agreement due to his death, a disability that results in his collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation termination without Good ReasonJust Cause.

Appears in 1 contract

Samples: Employment Agreement (Newtek Capital Inc)

Retirement, Death or Disability. If the Executive’s employment terminates during the Term of this Agreement due to his Executive’s death, a disability that results in his Executive’s collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his Executive’s estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation without Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Retirement, Death or Disability. If the Executive’s employment terminates during the Term of this Agreement due to his death, a disability that results in his collection of any long-term disability benefits, death or retirement at or after age 62Disability, the Executive (or the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant for the balance of the Term, but not to subsection exceed six (d6) hereof upon months. If the Executive shall have been unable to perform the duties of his position for a resignation without Good Reasonperiod of three (3) months, the Executive shall, if so requested by the Company, submit to an examination to determine the existence of a Disability.

Appears in 1 contract

Samples: Newtek Business Services Inc

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