Common use of CONTINUED SALARY IN THE CASE OF TERMINATION BECAUSE OF DISABILITY Clause in Contracts

CONTINUED SALARY IN THE CASE OF TERMINATION BECAUSE OF DISABILITY. If the Executive’s employment terminates because of his disability, the Executive shall receive the salary earned through the date on which termination became effective, any unpaid bonus or incentive compensation due to the Executive for the calendar year preceding the calendar year in which the termination became effective, any payments the Executive is eligible to receive under any disability insurance program in which the Executive participates, such other benefits to which he may be entitled under BNC’s benefit plans, policies, and agreements, and any benefits provided for elsewhere in this Employment Agreement.

Appears in 3 contracts

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

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CONTINUED SALARY IN THE CASE OF TERMINATION BECAUSE OF DISABILITY. If the Executive’s employment terminates because of his disability, the Executive shall receive the salary earned through the date on which termination became becomes effective, any unpaid bonus or incentive compensation due to the Executive for the calendar year preceding the calendar year in which the termination became becomes effective, any payments the Executive is eligible to receive under any disability insurance program in which the Executive participates, and such other benefits to which he may be entitled under BNCthe Employer’s benefit plans, policies, and agreements, and any benefits provided for elsewhere in this Employment Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Southern Community Financial Corp), Employment Agreement (Southern Community Financial Corp), Employment Agreement (Southern Community Financial Corp)

CONTINUED SALARY IN THE CASE OF TERMINATION BECAUSE OF DISABILITY. If the Executive’s employment terminates because of his disability, the Executive shall receive the salary earned through the date on which termination became effective, any unpaid bonus or incentive compensation due to the Executive for the calendar year preceding the calendar year in which the termination became effective, any payments the Executive is eligible to receive under any disability insurance program in which the Executive participates, such other benefits to which he as may be entitled under BNCavailable to the Executive through Crescent’s benefit plans, policies, and agreements, and any benefits provided for elsewhere in this Employment Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Crescent Financial Corp), Employment Agreement (Crescent Financial Corp), Employment Agreement (Crescent Financial Corp)

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CONTINUED SALARY IN THE CASE OF TERMINATION BECAUSE OF DISABILITY. If the Executive’s employment terminates because of his disability, the Executive shall receive the salary earned through the date on which termination became effective, any unpaid bonus or incentive compensation due to the Executive for the calendar year preceding the calendar year in which the termination became effective, any payments the Executive is eligible to receive under any disability insurance program in which the Executive participates, such other benefits to which he may be entitled under BNCthe Bank’s benefit plans, policies, and agreements, and any benefits provided for elsewhere in this Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Bank of Wilmington CORP)

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