Permanently Disabled

Example Definitions of "Permanently Disabled"
Permanently Disabled. Any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months that results in Executive (i) being unable to engage in any substantial gainful activity; or (ii) receiving income replacement benefits for a period of not less than three (3) months under the Employer's long-term disability plan covering Executive. The determination of whether Executive is Permanently Disabled... shall be made by the Employer and shall be construed consistent with its meaning under Section 409A of the Code View More
Permanently Disabled. Any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months that results in Executive (i) being unable to engage in any substantial gainful activity; or (ii) receiving income replacement benefits for a period of not less than three (3) months under the Employer's Bank's long-term disability plan covering Executive. The determination of whether Executive is Permanently... Disabled shall be made by the Employer Bank and shall be construed consistent with its meaning under Section 409A of the Code Code. If the Executive becomes Permanently Disabled, the Executive will be deemed to and shall resign from the Bank contemporaneously with the Executive becoming Permanently Disabled. View More
Permanently Disabled. Any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months that results in Executive (i) being unable to engage in any substantial gainful activity; or (ii) receiving income replacement benefits for a period of not less than three (3) months under the Employer's Bank's long-term disability plan covering Executive. The determination of whether Executive is Permanently... Disabled shall be made by the Employer Bank and shall be construed consistent with its meaning under Section 409A of the Code View More
View Variations
Permanently Disabled. Shall mean that Grantee has qualified for long-term disability benefits under a disability plan or program of the Company or, in the absence of a disability plan or program of the Company, under a government-sponsored disability program and is "disabled" within the meaning of Section 409A(a)(2)(C) of the Code.
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