Common use of Termination for Disability Clause in Contracts

Termination for Disability. The Company may terminate the Executive’s employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminated.

Appears in 17 contracts

Samples: Executive Employment Agreement (Arcis Resources Corp), Executive Employment Agreement (Arcis Resources Corp), Executive Employment Agreement (Arcis Resources Corp)

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Termination for Disability. The Board of Directors of the Company may shall have the right to terminate the Executive’s employment because on or after the date Executive has a Disability, and such a termination shall not be treated as a termination without Cause under this Employment Agreement. If Executive’s employment is terminated on account of the a Disability of the Executive and thereafter a Separation occurs, the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminated.shall:

Appears in 15 contracts

Samples: Employment Agreement (Alimera Sciences Inc), Employment Agreement (Alimera Sciences Inc), Employment Agreement (Alimera Sciences Inc)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) (1) his unpaid Salary Base Compensation through the sixth full month following the Employment Termination Date and at his then effective Base Compensation rate; plus (2) any Stock Options which have not vested as of the Employment Termination Date shall be terminatedaccrued but unpaid Incentive Compensation plus (3) any expenses incurred in accordance with Section 6 hereof.

Appears in 6 contracts

Samples: Executive Employment Agreement (Regional Capital Management Corp), Executive Employment Agreement (European Micro Holdings Inc), Executive Employment Agreement (European Micro Holdings Inc)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s 's employment because is terminated on account of the Disability Executive's disability, as determined under the Company's long-term disability plan (as in effect on the date of a Change in Control of the Company), the Executive shall receive all Accrued Benefits, if any, and thereafter shall remain eligible for all benefits as provided pursuant to the terms of any long-term disability programs of the Company shall pay to in effect at the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as time of the Employment Termination Date shall be terminatedsuch termination.

Appears in 6 contracts

Samples: Severance Agreement (Banknorth Group Inc/Me), Severance Agreement (Banknorth Group Inc/Me), Severance Agreement (Banknorth Group Inc/Me)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) (1) his unpaid Salary Base Compensation through the Employment Termination Date and at his then effective Base Compensation rate, plus (2) an amount equal to a pro-rata share of any Stock Options which have not vested as of Incentive Bonus Compensation calculated through the Employment Termination Date Date. In addition, the Executive shall be terminatedentitled to amounts and the benefits specified in Paragraph (2) of Section 10(f) of this Agreement through the Employment Termination Date, subject to applicable law.

Appears in 3 contracts

Samples: Executive Employment Agreement (Pharmasystems Holdings Corp), Executive Employment Agreement (Pharmasystems Holdings Corp), Executive Employment Agreement (Pharmasystems Holdings Corp)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s employment because is terminated on account of the Disability Executive’s Disability, the Executive shall receive any Accrued Benefits, and shall remain eligible for all benefits as provided pursuant to the terms of any long-term disability programs of the Executive and thereafter Company in effect at the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as time of the Employment Termination Date shall be terminatedsuch termination.

Appears in 2 contracts

Samples: Severance Agreement (Banknorth Group Inc/Me), Severance Agreement (Banknorth Group Inc/Me)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminatedDate.

Appears in 2 contracts

Samples: Executive Employment Agreement (Genetic Vectors Inc), Executive Employment Agreement (Genetic Vectors Inc)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s 's employment because is terminated on account of the Disability Executive's Disability, the Executive shall receive any Accrued Benefits, and shall remain eligible for all benefits as provided pursuant to the terms of any long-term disability programs of the Executive and thereafter Company in effect at the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as time of the Employment Termination Date shall be terminatedsuch termination.

Appears in 2 contracts

Samples: Severance Agreement (Banknorth Group Inc/Me), Severance Agreement (Banknorth Group Inc/Me)

Termination for Disability. The Company may terminate In the event of Executive’s Disability, Executive’s service may be terminated by Company while Executive is Disabled. In the event Executive is terminated from employment because of the Disability of the Executive and thereafter due to Disability, the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminated.shall:

Appears in 1 contract

Samples: Agreement (Stein Mart Inc)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s 's employment because is terminated on account of the Disability Executive's disability, as determined under the Company's long-term disability plan (as in effect on the date of a Change in Control of the Executive and thereafter the Company shall pay to Company), the Executive (or his successors) his unpaid Salary through the Employment Termination Date and shall receive any Stock Options which have not vested as of the Employment Termination Date shall be terminated.Accrued

Appears in 1 contract

Samples: Severance Agreement (Peoples Heritage Financial Group Inc)

Termination for Disability. The Company may shall have the right to terminate Executive's employment on or after the date Executive incurs a Disability (as such term is defined below), and such a termination shall not be treated as a termination without Cause under this Agreement. Therefore, if Executive’s 's employment because is terminated on account of the Disability of the Executive and thereafter a Disability, the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminated.executive, without discount but less all applicable withholding:

Appears in 1 contract

Samples: Employment Agreement (Om Group Inc)

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Termination for Disability. (a) The Company may terminate the Executive’s employment because by written notice at any time for Disability (as defined in subsection (c) below). Upon such termination, the Company will pay Executive (i) the Base Salary due Executive through the date of termination, plus other amounts to which Executive is entitled under any bonus or compensation plan or practice of the Disability Company at the time of termination, and (ii) provided that Executive executes and does not revoke a release as provided in Section 8, the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminatedSeverance Benefits.

Appears in 1 contract

Samples: Executive Employment Agreement (Micromet, Inc.)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s 's employment because is terminated on account of the Disability Executive's disability, as determined under the Company's long-term disability plan (as in effect on the date of a Change in Control of the Executive and thereafter the Company shall pay to Company), the Executive (or his successors) his unpaid Salary through the Employment Termination Date and shall receive any Stock Options which have not vested as of the Employment Termination Date shall be terminated.Accrued Benefits,

Appears in 1 contract

Samples: Severance Agreement (Peoples Heritage Financial Group Inc)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary Salary, benefits and un-reimbursed expenses through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminatedDate.

Appears in 1 contract

Samples: Executive Employment Agreement (Newsmax Media Inc)

Termination for Disability. The Company may terminate the Executive’s 's employment because for Disability. For all purposes under this Agreement, "Disability" shall mean that the Executive, at the time notice is given, has been unable to perform his duties under this Agreement for a period of not less than six (6) consecutive months as a result of an illness or injury, as determined for purposes of the Disability Company's long-term disability income insurance and subject to such condition resulting in the Executive being disabled within the meaning of Internal Revenue Code Section 409A. The Company's notice of termination shall specify the nature of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminatedDisability.

Appears in 1 contract

Samples: Executive Employment Agreement (Skillsoft Corp.)

Termination for Disability. The If the Company may shall terminate the Executive’s employment because of for Disability, the Disability of Company’s obligation to pay the Executive Executive’s Salary and thereafter benefits pursuant to Section 1.4 shall terminate, except that the Company shall pay to and provide the Executive (or his successors) his accrued but unpaid Salary and benefits pursuant to Section 1.4 through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminatedTermination.

Appears in 1 contract

Samples: Employment Agreement (Orchard Enterprises, Inc.)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s 's employment because is terminated on account of the Disability Executive's disability, as determined under the Company's long-term disability plan (as in effect on the date of a Change in Control of the Company), the Executive shall receive any Accrued Benefits, and thereafter shall remain eligible for all benefits as provided pursuant to the terms of any long-term disability programs of the Company shall pay to in effect at the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as time of the Employment Termination Date shall be terminatedsuch termination.

Appears in 1 contract

Samples: Severance Agreement (Peoples Heritage Financial Group Inc)

Termination for Disability. The Company may terminate If during the Employment Period, the Executive’s 's employment because is terminated on account of the Disability Executive's disability, as determined under the Company's long-term disability plan (as in effect on the date of a Change in Control of the Company), the Executive shall receive any Accrued Benefits, and thereafter the Company shall pay remain eligible for all benefits as provided pursuant to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and terms of any Stock Options which have not vested as of the Employment Termination Date shall be terminated.long-term

Appears in 1 contract

Samples: Severance Agreement (Peoples Heritage Financial Group Inc)

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