Define: Disability
What does "Disability" mean? The meaning differs based on the contract. We found 10 definitions across 35 companies in SEC filings.
Definition 1 (ABBOTT LABORATORIES, seen in 2 filings)
Disability means Sickness or accidental bodily injury, directly and independently of all other causes, that disables the Employee so that the Employee is completely prevented from performing all the duties of his or her occupation or employment.
Source: ABBOTT LABORATORIES 10-K
Definition 2 (APPLIED MATERIALS INC /DE, seen in 1 filing)
Disability means a Participant s disability for which the Participant actually receives benefits under an Employer-long-term disability plan or if none, (a) permanent disability as defined in U. S. Internal Revenue Code Section 22(e)(3) or (b) with respect to a Participant based outside of the United States, as otherwise determined in accordance with applicable law.
Source: APPLIED MATERIALS INC /DE 10-K
Definition 3 (AUTOMATIC DATA PROCESSING INC, seen in 1 filing)
Disability means in the case of a particular Award, unless the applicable Award agreement states otherwise, the Company or an Affiliate having cause to terminate a Participant s employment or service on account of disability, as defined in any Participant Agreement in effect at the time of such termination or, in the absence of an applicable Participant Agreement defining disability, a condition entitling the Participant to receive benefits under a long-term disability plan of the Company or an Affiliate, or, in the absence of such a plan, the complete and permanent inability by reason of illness or accident to perform the duties of the occupation at which a Participant was employed or served when such disability commenced, as determined by the Committee based upon medical evidence acceptable to it.
Source: AUTOMATIC DATA PROCESSING INC 10-Q
Definition 4 (BOEING CO, seen in 1 filing)
Disability means a disability entitling you to benefits under any long-term disability policy sponsored by the Company or a Related Company.
Source: BOEING CO 10-Q
Definition 5 (BOEING CO, seen in 1 filing)
Disability means a disability entitling you to benefits under any long-term disability policy sponsored by the Company or a Related Company, or as such term is required to be defined for these purposes under applicable local law.
Source: BOEING CO 10-Q
Definition 6 (CATERPILLAR INC, seen in 1 filing)
Disability means that you are unable to engage in any substantial gainful business activity by reason of any medically determinable physical or mental impairment that can be expected to result in death, or which has lasted or can be expected to last for a continuous period of not less than 12 months, as determined by the Company’s head of Total Rewards, based upon medical evidence.
Source: CATERPILLAR INC 10-Q
Definition 7 (Walmart Inc., seen in 1 filing)
Disability means qualification to receive benefit payments under the long-term disability plan or policy of Walmart or the Employer, or if no such policy exists, inability to carry out the responsibilities and functions of your position by reason of any medically determined physical or mental impairment for a period of not less than one hundred and eighty (180) consecutive days.
Source: Walmart Inc. 10-K
Definition 8 (Autodesk, Inc., seen in 1 filing)
Disability means total and permanent disability as defined in Section 22(e)(3) of the Code, provided, however, that to the extent necessary to comply with Section 409A, Disability shall have the meaning set forth in Treasury Regulation Section 1.409A-3(i)(4) (or any successor provision).
Source: Autodesk, Inc. 8-K
Definition 9 (ADOBE INC., seen in 1 filing)
Disability means your permanent and total disability within the meaning of Section 22(e)(3) of the U.S. Internal Revenue Code of 1986, as amended, and any applicable regulations promulgated thereunder to the extent not inconsistent with the regulations under Code Section 409A.
Source: ADOBE INC. 10-K
Definition 10 (ADOBE INC., seen in 1 filing)
Disability means the inability of such Designated Participant to engage in any substantial gainful activity by reason of 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 months, as provided in Sections 22(e)(3) and 409A(a)(2)(C)(i) of the Code.
Source: ADOBE INC. 8-K
Data extracted from 76 SEC EDGAR filings across 35 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.