Common use of Termination for Disability Clause in Contracts

Termination for Disability. (a) If EXECUTIVE shall become disabled as defined in the BANK's then current disability plan (or, if no such plan is then in effect, if EXECUTIVE is permanently and totally disabled within the meaning of Section 22(e)(3) of the Code as determined by a physician designated by the Board), the BANK may terminate EXECUTIVE's employment for "Disability."

Appears in 37 contracts

Samples: Employment Agreement (Cavalry Bancorp Inc), Employment Agreement (Cavalry Bancorp Inc), Employment Agreement (Cavalry Bancorp Inc)

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Termination for Disability. (a) If EXECUTIVE the Executive shall become disabled as defined in the BANKBank's then current disability plan (or, if no such plan is then in effect, if EXECUTIVE the Executive is permanently and totally disabled within the meaning of Section 22(e)(3) of the Code as determined by a physician designated by the Board), the BANK Bank may terminate EXECUTIVEExecutive's employment for "Disability."

Appears in 6 contracts

Samples: Employment Agreement (Union Financial Bancshares Inc), Agreement (South Carolina Community Bancshares Inc), Agreement (Union Financial Bancshares Inc)

Termination for Disability. (a) If EXECUTIVE the Executive shall become disabled as defined in the BANK's Bank’s then current disability plan (or, if no such plan is then in effect, if EXECUTIVE the Executive is permanently and totally disabled within the meaning of Section 22(e)(3) of the Code as determined by a physician designated by the Board), the BANK Bank may terminate EXECUTIVE's Executive’s employment for "Disability."

Appears in 6 contracts

Samples: Employment Agreement (SouthEast Bancshares, Inc.), Employment Agreement (SouthEast Bancshares, Inc.), Employment Agreement (SouthEast Bancshares, Inc.)

Termination for Disability. (a) If EXECUTIVE the Executive shall become disabled as defined in the BANK's Bank’s then current disability plan (or, if no such plan is then in effect, if EXECUTIVE the Executive is permanently and totally disabled within the meaning of Section 22(e)(3) of the Internal Revenue Code as determined by a physician designated by the Board), the BANK Bank may terminate EXECUTIVE's Executive’s employment for "Disability."

Appears in 4 contracts

Samples: Employment Agreement (Commerce Union Bancshares, Inc.), Employment Agreement (Commerce Union Bancshares, Inc.), Employment Agreement (Commerce Union Bancshares, Inc.)

Termination for Disability. (a) If EXECUTIVE the Executive shall become disabled as defined in the BANK's Bank’s then current disability plan (or, if no such plan is then in effect, if EXECUTIVE the Executive is permanently and totally disabled within the meaning of Section 22(e)(3409(A)(a)(2)(c) of the Code as determined by a physician designated by the Board), the BANK Bank may terminate EXECUTIVE's Executive’s employment for "Disability."

Appears in 3 contracts

Samples: Officer Employment Agreement (Mountain National Bancshares Inc), Officer Employment Agreement (Mountain National Bancshares Inc), Employment Agreement (Mountain National Bancshares Inc)

Termination for Disability. (a) If EXECUTIVE the Executive shall become disabled as defined in the BANKBank's then current disability plan (or, if no such plan is then in effect, if EXECUTIVE the Executive is permanently and totally disabled within the meaning of Section 22(e)(3409(A)(a)(2)(c) of the Code as determined by a physician designated by the Board), the BANK Bank may terminate EXECUTIVEExecutive's employment for "Disability."

Appears in 3 contracts

Samples: Employment Agreement (Mountain National Bancshares Inc), Employment Agreement (Mountain National Bancshares Inc), Employment Agreement (Mountain National Bancshares Inc)

Termination for Disability. (a) If EXECUTIVE Executive shall become disabled as defined in the BANKBank's then current disability plan (or, if no such plan is then in effect, if EXECUTIVE is permanently and totally disabled within with respect to the meaning of Section 22(e)(3) performance of the Code material duties of his regular occupation, as determined by a physician designated by the Board), the BANK Bank may terminate EXECUTIVEExecutive's employment for "Disability."

Appears in 2 contracts

Samples: Employment Agreement (Firstbank Nw Corp), Employment Agreement (Firstbank Nw Corp)

Termination for Disability. (a) If EXECUTIVE the Executive shall become permanently and totally disabled as defined in the BANKBank's then current disability plan (or, if no such plan is then in effect, if EXECUTIVE the Executive is permanently and totally disabled within the meaning of Section 22(e)(3) of the Code as determined by a physician designated by reasonably satisfactory to both the BoardBoard and Executive), the BANK Bank may terminate EXECUTIVEExecutive's employment for "Disability."

Appears in 2 contracts

Samples: Employment Agreement (Community First Inc), Employment Agreement (Community First Inc)

Termination for Disability. (a) If EXECUTIVE shall become disabled as defined in the BANK's ’s then current disability plan (or, if no such plan is then in effect, if EXECUTIVE is permanently and totally disabled within the meaning of Section 22(e)(3) of the Code as determined by a physician designated by the Board), the BANK may terminate EXECUTIVE's ’s employment for "Disability."

Appears in 2 contracts

Samples: Executive Employment Agreement (Eagle Bancorp Montana, Inc.), Executive Employment Agreement (Eagle Bancorp/Mt)

Termination for Disability. (a) 1. If EXECUTIVE the Executive shall become disabled as defined in the BANKBank's then current disability plan (or, if no such plan is then in effect, if EXECUTIVE the Executive is permanently and totally disabled within the meaning of Section 22(e)(3) of the Code as determined by a physician designated by the Board), the BANK Bank may terminate EXECUTIVEExecutive's employment for "Disability."

Appears in 1 contract

Samples: Employment Agreement (Mountain National Bancshares Inc)

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Termination for Disability. (a) If EXECUTIVE Executive shall become disabled as defined in the BANKBank's then current disability plan (or, if no such plan is then in effect, if EXECUTIVE Executive is permanently and totally disabled within the meaning of Section 22(e)(3) of the Code as determined by a physician designated by the Board), the BANK Bank may terminate EXECUTIVEExecutive's employment for "Disability."

Appears in 1 contract

Samples: Pulaski Bank Employment Agreement (Pulaski Financial Corp)

Termination for Disability. (a) If EXECUTIVE the Executive shall become disabled as defined in the BANKBank's then current disability plan (or, if no such plan is then in effect, if EXECUTIVE the Executive is permanently and totally disabled within the meaning of Section 22(e)(3) of the Code as determined by a physician designated by the Board), the BANK Bank may terminate EXECUTIVEExecutive's employment for ""Disability."

Appears in 1 contract

Samples: Employment Agreement (Chester Bancorp Inc)

Termination for Disability. (a) If EXECUTIVE the Executive shall become disabled as defined in the BANKSavings Bank's then current disability plan (or, if no such plan is then in effect, if EXECUTIVE the Executive is permanently and totally disabled within the meaning of Section 22(e)(3) of the Code as determined by a physician designated by the Board), the BANK Savings Bank may terminate EXECUTIVEExecutive's employment for "Disability."

Appears in 1 contract

Samples: Employment Agreement (Coastal Financial Corp /De)

Termination for Disability. (a) If EXECUTIVE the Executive shall become disabled "disabled" as defined in the BANKBank's then current disability plan (or, if no such plan is then in effect, if EXECUTIVE the Executive is permanently and totally disabled within the meaning of Section 22(e)(3) of the Code as determined by a physician designated by the Board), the BANK Bank may terminate EXECUTIVEExecutive's employment for "Disability."

Appears in 1 contract

Samples: Employment Agreement (Haverfield Corp)

Termination for Disability. (a) If EXECUTIVE Executive shall become disabled as defined in the BANKSavings Bank's then current disability plan (or, if no such plan is then in effect, if EXECUTIVE Executive is permanently and totally disabled within the meaning of Section 22(e)(3) of the Code as determined by a physician designated by the Board), the BANK Savings Bank may terminate EXECUTIVEExecutive's employment for "Disability."

Appears in 1 contract

Samples: Employment Agreement (Security Bancorp Inc /Tn)

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