Common use of Compensation Upon Disability Clause in Contracts

Compensation Upon Disability. In the event the Executive’s employment shall terminate by reason of disability as provided in Section 6(d) above, he shall be entitled to his Accrued Obligations, including a pro-rata bonus through the date of his disability, and such disability benefits as determined in accordance with any short or long-term disability plans then in effect for executives of the Bank.

Appears in 3 contracts

Samples: Employment Agreement (Meridian Bancorp, Inc.), Employment Agreement (Meridian Bancorp, Inc.), Employment Agreement (Meridian Interstate Bancorp Inc)

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Compensation Upon Disability. In the event the Executive’s 's employment shall terminate by reason of disability as provided in Section 6(d) above, he shall be entitled to his Accrued Obligations, including a pro-rata bonus through the date of his disability, and such disability benefits as determined in accordance with any short or long-term disability plans then in effect for executives of the Bank.

Appears in 1 contract

Samples: Employment Agreement (Meridian Interstate Bancorp Inc)

Compensation Upon Disability. In the event the Executive’s 's employment shall terminate by reason of disability as provided in Section 6(d) above, he she shall be entitled to his her Accrued Obligations, including a pro-rata bonus through the date of his her disability, and such disability benefits as determined in accordance with any short or long-term disability plans then in effect for executives of the Bank.

Appears in 1 contract

Samples: Employment Agreement (Meridian Interstate Bancorp Inc)

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Compensation Upon Disability. In the event the Executive’s employment shall terminate by reason of disability as provided in Section 6(d) above, he shall be entitled to his Accrued Obligations, including a pro-rata bonus through the date of his disability, Obligations and such disability benefits as determined in accordance with any short or the long-term disability plans then in effect for executives of the Bank.

Appears in 1 contract

Samples: Employment Agreement (Meridian Interstate Bancorp Inc)

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