After December. 31, 2002 and until the end of the Employment Period, the Company shall obtain and pay for disability insurance on Employee providing for monthly payments to Employee of at least $5,900 in the case of Employee becoming permanently disabled as defined in Section 6.3. All terms and conditions in this paragraph 5.1 are subject to the determination by the Company's Board of Directors that the payment of such benefit is financial feasible.
Appears in 2 contracts
Samples: Employment Agreement (Intercallnet Inc), Employment Agreement (Intercallnet Inc)
After December. 31, 2002 and until the end of the Employment Period, the Company shall obtain and pay for disability insurance on Employee providing for monthly payments to Employee of at least $5,900 10,400 in the case of Employee becoming permanently disabled as defined in Section 6.35.3. All terms and conditions in this paragraph 5.1 4.1 are subject to the determination by the Company's Board of Directors that the payment of such benefit is financial feasible.
Appears in 2 contracts
Samples: Employment Agreement (Intercallnet Inc), Employment Agreement (Intercallnet Inc)
After December. 31, 2002 and until the end of the Employment Period, the Company shall obtain and pay for disability insurance on Employee providing for monthly payments to Employee of at least $5,900 9,100 in the case of Employee becoming permanently disabled as defined in Section 6.3. All terms and conditions in this paragraph 5.1 are subject to the determination by the Company's Board of Directors that the payment of such benefit is financial feasible.
Appears in 2 contracts
Samples: Employment Agreement (Intercallnet Inc), Employment Agreement (Intercallnet Inc)