Common use of Termination Due to Death or Incapacity Clause in Contracts

Termination Due to Death or Incapacity. If the Executive’s employment is terminated by reason of the Executive’s death or incapacity, this Agreement shall terminate automatically on the date of death or the date of determination by the Board that the incapacity of the Executive has occurred, as the case may be. “Incapacity” means any physical or mental illness or disability of the Executive which continues for a period of six consecutive months or more and which at any time after such six-month period the Board shall reasonably determine renders the Executive incapable of performing his duties.

Appears in 13 contracts

Samples: Severance Agreement (National Western Life Group, Inc.), Severance Agreement (National Western Life Group, Inc.), Control Agreement (National Western Life Group, Inc.)

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Termination Due to Death or Incapacity. If the Executive’s 's employment is terminated by reason of the Executive’s 's death or incapacityincapacity during the term, this Agreement shall terminate automatically on the date of death or the date of determination by the Board that the incapacity of the Executive has occurred, as the case may be. "Incapacity" means any physical or mental illness or disability of the Executive which continues for a period of six consecutive months or more and which at any time after such six-month period the Board shall reasonably determine renders the Executive incapable of performing his dutiesor her duties during the remainder of the term.

Appears in 2 contracts

Samples: Change in Control Agreement (Delphi Automotive Systems Corp), Control Agreement (Delphi Automotive Systems Corp)

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Termination Due to Death or Incapacity. If the Executive’s employment is terminated by reason of the Executive’s death or incapacityIncapacity (as defined below), this Agreement shall terminate automatically on the date of death or the date of determination by the Board that the incapacity Incapacity of the Executive has occurred, as the case may be. “Incapacity” means any physical or mental illness or disability of the Executive which continues for a period of six consecutive months or more and which at any time after such six-month period the Board shall reasonably determine renders the Executive incapable of performing his duties.

Appears in 1 contract

Samples: Severance Agreement (National Western Life Group, Inc.)

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