Common use of Short Term Clause in Contracts

Short Term. In the event of the Executive's failure to substantially perform his duties hereunder on a full-time basis for periods aggregating not more than one hundred eighty (180) days during any twelve-month period as a result of incapacity due to physical or mental illness, the Company shall continue to pay the Base Salary to the Executive during the period of such incapacity, but only in the amounts and to the extent that disability benefits payable to the Executive under Company-sponsored insurance polices are less than the Executive's Base Salary.

Appears in 6 contracts

Samples: Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp)

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Short Term. In the event of the Executive's ’s failure to substantially perform his duties hereunder on a full-time basis for periods aggregating not more than one hundred eighty (180) days during any twelve-month period as a result of incapacity due to physical or mental illness, the Company shall continue to pay the Base Salary to the Executive during the period of such incapacity, but only in the amounts and to the extent that disability benefits payable to the Executive under Company-sponsored insurance polices policies are less than the Executive's ’s Base Salary.

Appears in 5 contracts

Samples: Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp)

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Short Term. In the event of the Executive's failure to substantially perform his duties hereunder on a full-time basis for periods aggregating not more than one hundred eighty (180) days during any twelve-month period as a result of incapacity due to physical or mental illness, the Company shall continue to pay the Base Salary to the Executive during the period of such incapacity, but only in the amounts and to the extent that disability benefits payable to the Executive under Company-sponsored insurance polices policies are less than the Executive's Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Ohio Legacy Corp)

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