Adjustment to Certain Subparagraph (b) Compensation and Benefits. Notwithstanding the provisions of Subparagraph (b)(5), the Company or its Affiliates’ obligation to pay or fund any disability insurance premiums on behalf of the Executive shall be suspended while his Disability continues, provided the cessation of payment or funding does not result in the termination of disability benefits. Any amounts otherwise due under Subparagraph (b) shall be reduced (but not below zero) by the dollar amount of disability benefits received by him pursuant to plans or policies funded, directly at its cost, by the Company or its Affiliates.
Appears in 15 contracts
Samples: Employment Agreement (Mercer Insurance Group Inc), Employment Agreement (Mercer Insurance Group Inc), Employment Agreement (Mercer Insurance Group Inc)
