Death or disappearance Sample Clauses

Death or disappearance. In the eventuality of the death of the Acquirer or the owner of the Asset, the tokens and/or the ownership right can be inherited by the heir(s) of the de cujus.
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Death or disappearance. If the Beneficiary’s employment is terminated due to the Beneficiary’s death or disappearance, and resulting legal presumption of death, from his or her last domicile, the Options shall immediately become Vested Options (regardless of whether or not the Performance Condition has been satisfied) and may be exercised by the successors within 365 days from the date of the Beneficiary’s death or disappearance; after the expiration of this 365-day term, the rights connected to the Vested Options shall expire.
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Related to Death or disappearance

  • Death or Disability The Executive's employment shall terminate automatically upon the Executive's death during the Employment Period. If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 12(b) of this Agreement of its intention to terminate the Executive's employment. In such event, the Executive's employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the "Disability Effective Date"), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive's duties. For purposes of this Agreement, "Disability" shall mean the absence of the Executive from the Executive's duties with the Company on a full-time basis for 180 consecutive business days as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Executive or the Executive's legal representative.