Common use of Permanent Incapacity Clause in Contracts

Permanent Incapacity. For purposes of this Agreement, the term "permanent incapacity" means that the person is unable to participate actively in the business of the Company as a result of physical or mental disability and such inability continues for a period of 3 consecutive months during the term hereof.

Appears in 2 contracts

Sources: Stockholders' Agreement (Electronic Retailing Systems International Inc), Stockholders' Agreement (Systems Holding Inc)