COMPENSATION FROM OTHER SOURCES. Any proceeds that Executive shall receive by virtue of qualifying for disability insurance, disability benefits, or health or accident insurance shall belong to Executive. Executive shall not be paid Base Salary in any period in which he receives benefits as determined and paid under Employer’s long-term disability policy. Benefits paid to Executive under Employer’s short-term disability policy shall reduce, by the same amount, Base Salary payable to Executive for such period.
Appears in 12 contracts
Samples: Executive Employment Agreement (Beyond Air, Inc.), Executive Employment Agreement (Beyond Air, Inc.), Executive Employment Agreement (Cesca Therapeutics Inc.)
COMPENSATION FROM OTHER SOURCES. Any proceeds that Executive shall receive by virtue of qualifying for disability insurance, disability benefits, or health or accident insurance shall belong to Executive. Executive shall not be paid Base Salary in any period in which he receives benefits as determined and paid under Employer’s long-long term disability policy. Benefits paid to Executive under Employer’s short-short term disability policy shall reduce, by the same amount, Base Salary payable to Executive for such period.
Appears in 2 contracts
Samples: Executive Employment Agreement (Thermogenesis Corp), Executive Employment Agreement (Thermogenesis Corp)
COMPENSATION FROM OTHER SOURCES. Any proceeds that Executive shall receive by virtue of qualifying for disability insurance, disability benefits, or health or accident insurance shall belong to Executive. Executive shall not be paid Base Salary in any period in which he receives benefits as determined and paid under Employer’s 's long-term disability policy. Benefits paid to Executive under Employer’s 's short-term disability policy shall reduce, by the same amount, Base Salary payable to Executive for such period.
Appears in 1 contract
Samples: Executive Employment Agreement (Cesca Therapeutics Inc.)
