Common use of Compensation Upon Termination or During Disability Clause in Contracts

Compensation Upon Termination or During Disability. (a) During any period that Employee fails to perform his duties hereunder as a result of incapacity due to physical or mental illness ("disability period"), Employee shall continue to receive his full salary at the rate then in effect for such period until his employment is terminated pursuant to Section 9(b), provided that payments so made to Employee during the disability period shall be reduced by the sum of the amounts, if any, payable to Employee at or prior to the time of any such payment under disability benefit plans of the Company and which were not previously applied to reduce any such payment.

Appears in 25 contracts

Samples: Employment Agreement (Gse Systems Inc), Employment Agreement (Gse Systems Inc), Employment Agreement (Gse Systems Inc)

AutoNDA by SimpleDocs

Compensation Upon Termination or During Disability. (a) During any period that Employee fails to perform his duties hereunder as a result of incapacity due to physical or mental illness ("disability period"), Employee shall continue to receive his full salary at the rate then in effect for such period until his employment is terminated pursuant to Section 9(b10(b), provided that payments so made to Employee during the disability period shall be reduced by the sum of the amounts, if any, payable to Employee at or prior to the time of any such payment under disability benefit plans of the Company and which were not previously applied to reduce any such payment.

Appears in 4 contracts

Samples: Employment Agreement (Gp Strategies Corp), Agreement (Gp Strategies Corp), Employment Agreement (Gp Strategies Corp)

Compensation Upon Termination or During Disability. (a) During a)During any period that Employee fails to perform his duties hereunder as a result of incapacity due to physical or mental illness ("disability period"), Employee shall continue to receive his full salary at the rate then in effect for such period until his employment is terminated pursuant to Section 9(b), provided that payments so made to Employee during the disability period shall be reduced by the sum of the amounts, if any, payable to Employee at or prior to the time of any such payment under disability benefit plans of the Company and which were not previously applied to reduce any such payment.

Appears in 2 contracts

Samples: Employment Agreement (Gse Systems Inc), Employment Agreement (Gse Systems Inc)

Compensation Upon Termination or During Disability. (a) During any the first thirty (30) day period that the Employee fails to perform his duties hereunder as a result of incapacity due to physical or mental illness ("disability period"), the Employee shall continue to receive his full salary at the rate then in effect for such period until his employment is terminated pursuant to Section 9(b)period, provided that payments so made to the Employee during the disability period shall be reduced by the sum of the amounts, if any, payable to the Employee at or prior to the time of any such payment under disability benefit plans of the Company and which were not previously applied to reduce any such payment.

Appears in 2 contracts

Samples: Employment Agreement (Meteor Industries Inc), Employment Agreement (Mystique Developments Inc)

Compensation Upon Termination or During Disability. (a) During any period that Employee fails to perform his duties hereunder as a result of incapacity due to physical or mental illness ("β€œdisability period"”), Employee shall continue to receive his full salary at the rate then in effect for such period until his employment is terminated pursuant to Section 9(b), provided that payments so made to Employee during the disability period shall be reduced by the sum of the amounts, if any, payable to Employee at or prior to the time of any such payment under disability benefit plans of the Company and which were not previously applied to reduce any such payment.

Appears in 1 contract

Samples: Employment Agreement (Gse Systems Inc)

AutoNDA by SimpleDocs

Compensation Upon Termination or During Disability. (a) During any period that Employee fails to perform his her duties hereunder as a result of incapacity due to physical or mental illness ("disability period"), Employee shall continue to receive his her full salary at the rate then in effect for such period until his her employment is terminated pursuant to Section 9(b10(b), provided that payments so made to Employee during the disability period shall be reduced by the sum of the amounts, if any, payable to Employee at or prior to the time of any such payment under disability benefit plans of the Company and which were not previously applied to reduce any such payment.

Appears in 1 contract

Samples: Employment Agreement (Gp Strategies Corp)

Compensation Upon Termination or During Disability. (a) During any period that Employee fails to perform his duties hereunder as a result of incapacity due to physical or mental illness or injury ("disability period"), Employee shall continue to receive his full salary Base Salary at the rate then in effect for such period until his employment is terminated pursuant to Section 9(b11(b), provided that payments so made to Employee during the disability period shall be reduced by the sum of the amounts, if any, payable to Employee at or prior to the time of any such payment under disability benefit plans of the Company and which were not previously applied to reduce any such payment.

Appears in 1 contract

Samples: Employment Agreement (Breakaway Solutions Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.