Define: Disability or Disabled
What does "Disability or Disabled" mean? The meaning differs based on the contract. We found 5 definitions across 5 companies in SEC filings.
Definition 1 (FEDEX CORP, seen in 1 filing)
Disability or Disabled means that the Participant has qualified for Social Security disability benefits.
Source: FEDEX CORP 10-K
Definition 2 (EBAY INC, seen in 1 filing)
Disability or Disabled means means, with respect to a Participant, that the Participant (1) is unable 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 (12) months, or (2) is, 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 (12) months, receiving income replacement benefits for a period of not less than three months under an accident or health plan covering employees of such Participant s Employer, as determined in accordance with Section 409A(a)(2)(C) of the Code and the Treasury Regulations thereunder.
Source: EBAY INC 10-K
Definition 3 (BROADRIDGE FINANCIAL SOLUTIONS, INC., seen in 1 filing)
Disability or Disabled means the permanent inability of a Participant, due to illness, accident or other physical or mental incapacity, to perform the usual duties and services of his employment with the Company or an affiliate. The permanence and degree of such impairment shall be determined under the same criteria used by the Company to determine whether an Employee is entitled to benefits under the Company s Long Term Disability Insurance Plan, or if the Participant is not covered under such policy, under the criteria used to determine eligibility for Social Security disability payments.
Source: BROADRIDGE FINANCIAL SOLUTIONS, INC. 10-Q
Definition 4 (DOLLAR GENERAL CORP, seen in 1 filing)
Disability or Disabled means shall have the meaning set forth in Treas. Reg. Section 1.409A-3(i)(4). The Grantee will be deemed disabled if the Grantee is determined to be disabled under the Company's long-term disability plan, provided that the definition of "disability" applied under such plan complies with the requirements of Treas. Reg. Section 1.409A-3(i)(4).
Source: DOLLAR GENERAL CORP 10-K
Definition 5 (ECOLAB INC., seen in 1 filing)
Disability or Disabled means any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six months, where such impairment causes the Executive to be unable to perform the duties of his position of employment or any substantially similar position of employment.
Source: ECOLAB INC. 10-K
Data extracted from 5 SEC EDGAR filings across 5 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.