Disability and Death Benefits. (a) If Holmxx xxxomes disabled prior to his retirement, he shall be deemed to have elected retirement under this Agreement. See Section 8(c) below.
(b) In the event of Holmxx' xxath while still employed by Reynxxxx xxxsuant to this Agreement, Holmxx xxxll be entitled to Retirement Benefits calculated as if he had elected retirement as of the day before his actual death. Reynxxxx xxxll also pay to such beneficiary or beneficiaries as he shall have designated by written notice delivered to Reynxxxx xxxor to his death, or failing such written notice, to his estate, an amount equal to the Base Compensation plus the Bonuses, if any, which Holmxx xxxld have received or which would have been accrued for his benefit during the period of six (6) months immediately following his death if he had lived and had been employed by Reynxxxx xxxing that period. Such payment shall be made in one lump sum or in six (6) equal monthly installments as Reynxxxx xxxll elect and shall be in addition to the proceeds of any insurance policies carried on Holmxx' xxfe with respect to which he has the right to designate beneficiaries. Also, Reynxxxx xxxll pay to Holmxx' xxouse an amount, periodically as such payments are required to be made by said spouse, to enable her to continue medical coverage for her and her dependents in the same manner as immediately prior to Holmxx' xxath for a period expiring at the earlier of: (i) her death; (ii) forty-two (42) months after Holmxx' xxath; or (iii)
Disability and Death Benefits. If death occurs prior to the Life Insurance and Disability Income Benefit Plan of the United Church of Xxxxxx becoming effective, we will provide your family with no more than four months of cash salary, housing, Social Security and Medicare offset, and benefits, coordinating the provisions of the Disability Benefits and the Death Benefits described above.
Disability and Death Benefits. If the Executive dies or becomes disabled, during the term of this Agreement or during any consulting agreement entered into pursuant to this Agreement, the Company shall pay to the Executive, the Executive’s attorney in fact, estate or beneficiary, as appropriate, an amount equal to 100% of the Base Salary in effect at the time of death or disability, or termination of employment, if under Consulting Agreement. The payment shall be payable in monthly installments over a 12-month period.
Disability and Death Benefits. 1. The Township shall continue in full force and effect a "Special Risk Accident Policy" covering each Officer. Such Special Risk Policy shall be equivalent to the policy presently maintained and in existence with Hartford Accident and Indemnity Company Policy Number SR 331457. Such Special Risk Accident Policy now and in the future shall contain at a minimum, a maximum accidental death benefit of Ten Thousand Dollars ($10,000.00) and at a minimum, a maximum accidental dismemberment benefit in the amount of Ten Thousand Dollars ($10,000.00), provided such injury is sustained while actually on duty under the supervision of the policyholder (The Township) or while participating in fund raising drives, training classes, tests, drills or trial of a piece of apparatus connected directly with such duties. All riders to the present existing policy shall be required and maintained by the Township, unless same are involuntarily canceled. A copy of the Special Risk accident Policy is annexed hereto and made a part hereof.
2. In the event of an Officer's death, all accumulated or accrued sick time shall be paid in accordance with Article VIII, and in addition all vacation time, holiday pay, compensatory time and all other payment convertible to cash, less any amounts owing to the Township, payable in accordance with the terms of this Agreement and as otherwise provided by the Township, shall be provided to the Officer's beneficiary, in accordance with the Officer's Last Will and Testament. In the event that the Officer dies intestate, then all benefits payable shall be distributed to his survivors in accordance with the Laws of Intestacy in the State of New Jersey (N.J.S.A. 3A:2A:33), unless the Officer has designated the beneficiaries of the benefits hereunder by filing a Certificate naming them on a form to be provided by the Township and made a part of the Officer's personnel file. Certificate changes re-designating the beneficiaries of the benefits hereunder may be made by the Officer at anytime. All accumulated or accrued sick time, vacation time, holiday pay and compensatory time payable shall be calculated, determined and pro-rated to the time of death as if the Officer had on that date retired.
Disability and Death Benefits. If during the term of this Agreement Employee either dies or becomes physically or mentally disabled (as determined in accordance with the Social Security Act) from performing his functions contemplated hereunder, and such period of disability continues for at least six consecutive months, then Employer will pay to Employee, or, in accordance with Section 16 below, his Representatives (as defined in Section 16(c)), as the case may be, the annual salary provided hereunder, together with the annual bonus above provided pro-rata, for a period through the end of the month in which Employee dies or the end of the month in which the six-month disability period is satisfied, whichever occurs first. Regular salary, pro rata bonus, and other payments, shall be made to Employee or Employee's Representatives, as the case may be, during the first six (6) months of any period of disability.
Disability and Death Benefits. (a) If prior to his attaining age fifty-five (55) Bausxxx xxxomes so ill or disabled as to be permanently incapacitated from performing the duties of his employment with Reynxxxx (xxis disability to be certified by two (2) physicians competent to do so in the opinion of the Board), Reynxxxx xxxll provide Bausxxx xxxh Disability Benefits until either the disability terminates, if earlier, or until Bausxxx xxxches age fifty-five (55) at which time he shall be entitled to receive the Retirement Benefits set forth in Section 6(b) above. Such Retirement Benefits, however, shall be calculated on the basis of Bausxxx'x Xxxal Average Annual Compensation at the time of his disability, not the time of his retirement. If Bausxxx xxxomes disabled subsequent to his attaining age fifty-five (55), but prior to his retirement, Bausxxx xxxll be deemed to have elected retirement under this Agreement. See also Section 8(c) of this Agreement.
Disability and Death Benefits. A Participant who is permanently and totally disabled within the meaning of section 415(c)(3)(C)(i) of the Code for an accrual computation period shall receive a Year of Participation with respect to that period. In no event shall more than one Year of Participation be credited for any twelve (12) month period. The reduction described in this subsection shall not apply to disability benefits or death benefits as provided in the Code.
Disability and Death Benefits. (a) If during the term of Employee's employment under this Agreement Employee becomes physically or mentally disabled (as determined in accordance with the Social Security Act) from performing his functions contemplated hereunder, Employer shall continue Employee's Base Salary, pro rata bonus and other benefits, payable to Employee or Employee's Representatives, as the case may be, during the first six months of any period of disability.
(b) If such period of disability continues for at least six consecutive months, then notwithstanding any other provision of this Agreement Employer may terminate Employee's employment and will pay to Employee or his Representatives (as defined in Section 16 below), as the case may be, in lieu of all other severance benefits, Employee's Base Salary and annual bonus (if otherwise payable, and pro rated to the extent applicable) for a period of one year beginning on the date on which the six-month disability period is satisfied.
(c) If during the term of Employee's employment under this Agreement Employee dies, then Employer will pay to Employee's Representatives, in lieu of all other severance benefits, Employee's Base Salary and annual bonus (if otherwise payable, and pro rated to the extent applicable), for a period of one year beginning on the date of Employee's death.
Disability and Death Benefits. If death occurs during the first 90 days of your disability, the church will provide your immediate family with up to 60 days of cash salary, housing, health and dental benefits for both the initial period of disability and for a death benefit. The 60-day period will commence on the first day of the month following death. Further provisions, if necessary, may be considered and will be discussed with your family by our Church Council, and our Conference minister, and the association committee on the ministry.
Disability and Death Benefits. If death occurs during the first thirty days of the pastor’s disability, the church provides the pastor’s immediate family with up to days of cash salary, housing, health and dental benefits, and Social Security and Medicare offset for both the initial period of disability and for a death benefit.
