Benefits Upon Disability. Upon a Participant's Termination of Employment prior to the Normal Retirement Date due to Disability, no separate provision is made for a disability benefit under this Agreement. However, any such Participant shall be considered, notwithstanding such Termination of Employment, to continue to be a Participant while disabled and for so long as the disability continues prior to reaching the Early Retirement Date, such Participant's beneficiary shall receive the survivor's benefits described in Section 3.6(a). In the event the Participant lives to the Early Retirement Date, the Participant shall be entitled to receive the early retirement benefit described in Section 3.2.
Benefits Upon Disability. Upon the Participant’s Termination of Employment prior to the Normal Retirement Date due to Disability, no separate provision is made for a disability benefit under this Agreement. The Participant is entitled to a benefit only if he is entitled to a benefit under another provision of this Agreement.
Benefits Upon Disability. 4 3.5 Other Terminations of Employment.......................................................4 (a) Voluntary Termination of Employment........................................
Benefits Upon Disability. Upon Executive’s Separation From Service prior to the Normal Retirement Date due to Disability, no separate provision is made for a disability benefit under this Agreement. However, any such Executive shall be considered, notwithstanding such Separation From Service, to continue to be an Executive in this Agreement, and in the event of such Executive’s death while disabled and for so long as the disability continues prior to reaching the Early Retirement Date, such Executive’s beneficiary shall receive the survivor’s benefits described in Section 2.5(a). In the event Executive lives to the Early Retirement Date, Executive (or Executive’s Beneficiary or Beneficiaries) shall be entitled to receive the early retirement benefit described in Section 2.2, such payments commencing on the first day of the month coincident with or next following the Early Retirement Date.
Benefits Upon Disability. In the event that, during the term of this contract, the Superintendent were to contract an illness/sickness or suffer an injury as a result of an accident such that he was disabled from continuing his duties as Superintendent (and regardless of whether the Superintendent’s employment has been terminated under paragraph 20 above), the Superintendent shall first exhaust his accumulated leave days provided pursuant to paragraph 9 of this Contract. Thereafter the disability insurance coverage provided to the Superintendent pursuant to paragraph 6 of this contract shall apply, subject to whatever limitations on coverage are applicable under the policy which is in force at the time of the disability occurring. The School District shall have no liability whatsoever for compensation or salary continuation benefits in the event of a disability occurring beyond the leave provisions of paragraph 9 of this contract.
Benefits Upon Disability. In the event of termination of employment due to Disability the Company shall (i) continue to pay Executive's salary and bonus for achieving 100% of his performance objectives under Clause 3 and provide the other emoluments and benefits specified hereinabove, including contributions to the pension plan designated by the Executive at the full rate for a period of twelve (12) months from the date of termination hereunder, and (ii) cause the vesting of all of the stock options granted to Executive under the Stock Option Plan and allow the Executive a period of twenty-four (24) months from the effective date of termination within which to exercise such options. In addition, if the Executive's employment is terminated by the Company pursuant to Clause 10.4.1, the Company shall, after the expiration of said twelve (12) month period, (a) continue to provide or arrange for and fund a disability benefit to the Executive in an amount of not less than sixty percent (60%) of his then applicable base salary and (b) contribute to Executives Pension Plan at the level in effect on the effective date of termination for as long as the Executive is Disabled but in no event after the Executive has reached the age of 65; provided, however, that such disability benefit will be reduced to the extent that it duplicates any payments under any disability insurance plan of the Company from time to time in effect.
Benefits Upon Disability. In the event of termination of employment due to Disability the Company shall continue to pay Executive's salary and bonus for achieving 100% of his performance objectives under Clause 3 and provide the other emoluments and benefits specified hereinabove, including contributions to the pension plan designated by the Executive at the full rate for a period of six (6) months from the date of termination hereunder; and cause the vesting of all of the stock options granted to Executive under the Stock Option Plan and allow the Executive a period of eighteen (18) months from the effective date of termination within which to exercise such options.
Benefits Upon Disability. Upon the Participant’s Termination of Employment prior to Normal Retirement Age due to Disability, the Bank shall pay a Disability benefit to the Participant in the amount of $ per month. Such payments shall commence on the first day of the month coincident with or next following the date Participant would have otherwise attained Normal Retirement Age and shall continue on the first day of each month thereafter for a period of 120 months. The amount of the monthly payments provided herein is subject to reduction as provided in paragraph 5, below, in the event such benefits are not 100% nonforfeitable.
Benefits Upon Disability. Upon Participant's Termination of Employment prior to the Normal Retirement Date due to Disability, Employer shall pay to Participant, as compensation for services rendered prior to such Termination of Employment, a percentage of benefits otherwise payable upon Normal Retirement in accordance with the Vesting Schedule attached to this Agreement and designated as Exhibit A, following Normal Retirement Date in equal monthly installments. Payments under this paragraph 3.B. will commence at the time of Participant's Normal Retirement Date and continue monthly thereafter for the remainder of Participant's life, but in any event until a minimum of one hundred eighty (180) monthly payments are made to the Participant or the Participant's beneficiary pursuant to paragraph 3.D.(2).
Benefits Upon Disability. Upon the Participant’s Termination of Employment prior to the Normal Retirement Date due to Disability, the Company shall pay to the Participant, as compensation for services rendered prior to such date, monthly payments equal to one-twelfth (1/12th) the “Annual Benefit” (regardless of vesting) for the Participant’s Age at the time of such Disability termination (determined by the Company), as described in the attached Schedule A. Such payments shall commence on the first day of the month coincident with or next following the date of Termination of Employment, and shall continue on the first day of each month thereafter for a period of fifteen (15) years, but in any event until a minimum of one hundred eighty (180) payments have been made to the Participant or the Participant’s beneficiary per Section 3.6(b).
