Common use of Compensation During Disability Clause in Contracts

Compensation During Disability. Executive shall receive his Base Compensation during the first ninety (90) business days of absence due to Disability (as hereinafter defined) in accordance with the Company's disability benefits provided to Senior Level Executives. The amount of benefits to be paid by the Company to Executive under this Section 6 shall be reduced by any amount paid or to be paid to Executive for such period under any insurance policy the premiums for which were paid by the Company. In the event of Executive's Disability and a determination by the Board of Directors that no reasonable accommodations can be made, the Company may terminate Executive's employment under this Agreement. If the Company terminates Executive's employment under this Agreement because of Executive's Disability, the Company shall pay to Executive the amounts, and provide to Executive the benefits, specified in Section 10 hereof. For purposes of this Agreement, "Disability" shall mean Executive's inability, through physical or mental illness or accident or other cause, to perform his major and substantial duties on a full time basis as determined by a physician hired by the Board of Directors for this purpose (the "Company Physician"). If the physician regularly attending Executive (the "Executive Physician") disagrees with the opinion of the Company Physician, the Company Physician and the Executive Physician shall choose a third consulting physician (the expense of which shall be borne by the Company), and the written opinion of the third consulting physician shall be conclusive as to such disability. In conjunction with this Section 6, Executive consents to such examination, to furnish any medical information requested by any examining physician, and to waive any applicable physician-patient privilege that may arise because of such examination. All physicians, except the Executive Physician, selected hereunder must be board-certified in the specialty most closely related to the nature of the disability alleged to exist.

Appears in 1 contract

Samples: Employment Agreement (Corrpro Companies Inc /Oh/)

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Compensation During Disability. Executive shall receive his Base Compensation (net of applicable withholdings) during the first ninety (90) business days of absence due to Disability (as hereinafter defined) in accordance with the Company's disability benefits provided to Senior Level Executives. The amount of benefits to be paid by the Company to Executive under this Section 6 shall be reduced by any amount paid or to be paid to Executive for such period under any insurance policy the premiums for which were paid by the Company). In the event of Executive's Disability and a determination by the Board of Directors that no sufficient reasonable accommodations can for the Disability cannot be made, the Company may terminate Executive's employment under this Agreement. If the Company terminates Executive's employment under this Agreement because of Executive's Disability, the Company shall pay to Executive the amounts, and provide to Executive the benefits, specified in Section 10 7 hereof. The amount of benefits to be paid by the Company to Executive under this Section 6 or under Section 7 shall be reduced by any amount paid or to be paid pursuant to Company sponsored disability plans. For purposes of this Agreement, "Disability" Disability shall mean Executive's inability, through physical or mental illness or accident or other cause, to perform his major and substantial duties on a full time basis as determined by a physician hired by the Board of Directors for this purpose determination (the "Company ACompany Physician"). If the physician regularly attending Executive (the "Executive Physician") disagrees with the opinion of the Company Physician, the Company Physician and the Executive Physician shall choose a third consulting physician (the expense of which shall be borne by the Company), and the written opinion of the third consulting physician shall be conclusive as to such disability. In conjunction with this Section 6, Executive consents to such examination, to furnish any medical information requested by any examining physician, and to waive any applicable physician-patient privilege that may arise because of such examination. All physicians, except the Executive Physician, selected hereunder must be board-certified in the specialty most closely related to the nature of the disability alleged to exist.

Appears in 1 contract

Samples: Employment Agreement (Corrpro Companies Inc /Oh/)

Compensation During Disability. Executive shall receive his Base Compensation (net of applicable withholdings) during the first ninety (90) business days of absence due to Disability (as hereinafter defined) in accordance with the Company's disability benefits provided to Senior Level Executives. The amount of benefits to be paid by the Company to Executive under this Section 6 shall be reduced by any amount paid or to be paid to Executive for such period under any insurance policy the premiums for which were paid by the Company). In the event of Executive's Disability and a determination by the Board of Directors that no sufficient reasonable accommodations can for the Disability cannot be made, the Company may terminate Executive's employment under this Agreement. If the Company terminates Executive's employment under this Agreement because of Executive's Disability, the Company shall pay to Executive the amounts, and provide to Executive the benefits, specified in Section 10 7 hereof. The amount of benefits to be paid by the Company to Executive under this Section 6 or under Section 7 shall be reduced by any amount paid or to be paid pursuant to Company sponsored disability plans. For purposes of this Agreement, "Disability" shall mean Executive's inability, through physical or mental illness or accident or other cause, to perform his major and substantial duties on a full time basis as determined by a physician hired by the Board of Directors for this purpose determination (the "Company Physician"). If the physician regularly attending Executive (the "Executive Physician") disagrees with the opinion of the Company Physician, the Company Physician and the Executive Physician shall choose a third consulting physician (the expense of which shall be borne by the Company), and the written opinion of the third consulting physician shall be conclusive as to such disability. In conjunction with this Section 6, Executive consents to such examination, to furnish any medical information requested by any examining physician, and to waive any applicable physician-patient privilege that may arise because of such examination. All physicians, except the Executive Physician, selected hereunder must be board-certified in the specialty most closely related to the nature of the disability alleged to exist.

Appears in 1 contract

Samples: Employment Agreement (Corrpro Companies Inc /Oh/)

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Compensation During Disability. Executive shall receive his Executive's Base Compensation and auto allowance, if any, (net of applicable withholdings) during the first ninety (90) business days of absence due to Disability (as hereinafter defined) in accordance with the Company's disability benefits provided to Senior Level Executives. The amount of benefits to be paid by the Company to Executive under this Section 6 shall be reduced by any amount paid or to be paid to Executive for such period under any insurance policy the premiums for which were paid by the Company). In the event of Executive's Disability and a determination by the Board of Directors that no sufficient reasonable accommodations can for the Disability cannot be made, the Company may terminate Executive's employment under this Agreement. If the Company terminates Executive's employment under this Agreement because of Executive's Disability, the Company shall pay to Executive the amounts, and provide to Executive the benefits, specified in Section 10 7 hereof. The amount of benefits to be paid by the Company to Executive under this Section 6 or under Section 7 shall be reduced by any amount paid or to be paid pursuant to Company sponsored disability plans. For purposes of this Agreement, "Disability" shall mean Executive's a disability which would qualify for and entitle Executive to long-term disability payments under the Company's long-term disability plan generally in effect for employees, or if no such plan is effective at the time, Executive's inability, through physical or mental illness or accident or other cause, to perform his Executive's major and substantial duties on a full time basis as determined by a physician hired by the Board of Directors for this purpose determination (the "Company Physician"). If the physician regularly attending Executive (the "Executive Physician") disagrees with the opinion of the Company Physician, the Company Physician and the Executive Physician shall choose a third consulting physician (the expense of which shall be borne by the Company), and the written opinion of the third consulting physician shall be conclusive as to such disability. In conjunction with this Section 6, Executive consents to such examination, to furnish any medical information requested by any examining physician, and to waive any applicable physician-patient privilege that may arise because of such examination. All physicians, except the Executive Physician, selected hereunder must be board-certified in the specialty most closely related to the nature of the disability alleged to exist.

Appears in 1 contract

Samples: Employment Agreement (Corrpro Companies Inc /Oh/)

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