Compensation During Disability or Upon Termination. (a) During any period that you fail to perform your duties as a result of incapacity due to physical or mental illness, the Corporation or resulting institution shall pay you, to the extent it is not paid by the Bank, an amount equal to your full base salary at the rate then in effect until the Date of Termination. Thereafter, your benefits shall be determined in accordance with the Bank’s long-term disability plan then in effect.
Appears in 3 contracts
Samples: Employment Agreement (Kinderhook Bank Corp), Employment Agreement (Kinderhook Bank Corp), Employment Agreement (Kinderhook Bank Corp)
Compensation During Disability or Upon Termination. (a) During any period that you fail to perform your duties as a result of incapacity due to physical or mental illness, the Corporation or resulting institution shall pay you, to the extent it is not paid by the Bank, an amount equal to your full base salary at the rate then in effect until the Date of Termination. Thereafter, your benefits shall be determined in accordance with the Bank’s long-term disability plan then in effect.
Appears in 2 contracts
Samples: Control Agreement (Beverly National Corp), Change in Control Agreement (Beverly National Corp)
Compensation During Disability or Upon Termination. (a) During any period that you fail to perform your duties as a result of incapacity due to physical or mental illness, the Corporation or resulting institution shall pay you, to the extent it is not paid by the Bank, an amount equal to your full base salary at the rate then in effect until the Date of Termination. Thereafter, your benefits shall be determined in accordance with the Bank’s long-long- term disability plan then in effect.
Appears in 1 contract
Samples: Change in Control Agreement (Beverly National Corp)
