Common use of Compensation During Disability Clause in Contracts

Compensation During Disability. During any period that the Employee fails to perform his duties hereunder as a result of incapacity due to physical or mental illness, the Employee shall continue to receive or shall receive the benefits of (as the case may be), all items described in Section 4 hereof at the rate then in effect for such period until his employment is terminated pursuant to Section 5.2 hereof, provided that payments so made to the Employee shall be reduced by the sum of the amounts, if any, payable to the Employee under the Bank's disability insurance, under worker's compensation insurance or under any other insurance.

Appears in 2 contracts

Samples: Employment Agreement (Carrollton Bancorp), Employment Agreement (Carrollton Bancorp)

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Compensation During Disability. During any period that the Employee fails to perform his duties hereunder as a result of incapacity due to physical or mental illness, the Employee shall continue to receive or shall receive the benefits of (as the case may be), all items described in Section 4 hereof at the rate then in effect for such period until his employment is terminated pursuant to Section 5.2 hereof, provided that payments so made to the Employee shall be reduced by the sum of the amounts, if any, payable to the Employee under the Bank's ’s disability insurance, under worker's ’s compensation insurance or under any other insurance.

Appears in 1 contract

Samples: Employment Agreement (Carrollton Bancorp)

Compensation During Disability. During any period that the Employee fails to perform his her duties hereunder as a result of incapacity due to physical or mental illness, the Employee shall continue to receive or shall receive the benefits of (as the case may be), all items described in Section 4 hereof at the rate then in effect for such period until his her employment is terminated pursuant to Section 5.2 hereof, provided that payments so made to the Employee shall be reduced by the sum of the amounts, if any, payable to the Employee under the Bank's disability insurance, under worker's compensation insurance or under any other insurance.

Appears in 1 contract

Samples: Employment Agreement (Carrollton Bancorp)

Compensation During Disability. During any period that the Employee fails to perform his duties hereunder as a result of incapacity due to physical or mental illness, the Employee shall continue to receive or shall receive the benefits of (as the case may be), all items described in Section 4 hereof at the rate then in effect for such period until his employment is terminated pursuant to Section 5.2 hereof, provided that payments so made to the Employee shall be reduced by the sum of the amounts, if any, payable to the Employee under the Bank's ’s disability insurance, under worker's ’s compensation insurance or under any other insurance.

Appears in 1 contract

Samples: Employment Agreement (Carrollton Bancorp)

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Compensation During Disability. During any period that the Employee fails to perform his duties hereunder as a result of incapacity due to physical or mental illness, the Employee shall continue to receive or shall receive the benefits of (as the case may be), all items described in Section 4 hereof at the rate then in effect for such period until his employment is terminated pursuant to Section 5.2 hereof, provided that payments so made to the Employee shall be reduced by the sum of the amounts, if any, payable to the Employee under the Bank's disability insurance, under worker's compensation insurance or under any other insurance.

Appears in 1 contract

Samples: Employment Agreement (Carrollton Bancorp)

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