Disability and Other Benefits Sample Clauses

Disability and Other Benefits. If the Executive suffers any illness, disability or incapacity which prevents the Executive from performing the Executive's duties hereunder, and such illness, disability or incapacity shall be deemed by a duly licensed physician
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Disability and Other Benefits. If the Executive suffers any illness, disability or incapacity which prevents the Executive from performing the Executive's duties hereunder, the Company shall continue the Executive's Base Salary, fringe benefits and Incentive Compensation until the later of the end of the Term (or any Renewal Term) of this Agreement or the commencement of salary continuation benefits under a policy of long-term disability insurance obtained by the Company pursuant to Section 6.02, whereupon the Agreement shall terminate.
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Disability and Other Benefits. If the Executive suffers any illness, disability or incapacity which prevents the Executive from performing the Executive's duties hereunder, and such illness, disability or incapacity shall be deemed by a duly licensed physician (who may be the Executive's personal physician) to be permanent; or, if the Executive is unable to render full-time services to the Company of the character required hereunder for a period of six (6) consecutive months by reason of illness, disability or incapacity, and the Board has determined that the Executive has been permanently disabled; then, and in either of such events, the Executive shall render such advisory and consulting services to the Company as may be reasonably requested of the Executive by the Board and officers of the Company but only to the extent that the Executive is able to perform such services. In such event, the Executive shall be paid the amount of One Hundred Sixty-One Thousand Five Hundred Dollars ($161,500) annually, payable in equal installments in conformity with the Company's normal payroll period. Such disability compensation shall commence upon the first day of the first month following the determination that the Executive's illness, disability or incapacity is permanent, and shall be paid for the balance of the Term even if the Executive's Employee's illness, disability or incapacity prevents the rendering by the Executive of any services to the Company and continues for the entire remaining Term. During such periods of disability, the Company reserves the right to, at its own expense, have a licensed physician examine the person of the Executive when and as often as it may reasonably require to determine if the Executive is permanently disabled. The Executive's disability compensation hereunder shall be reduced by the amount of any disability insurance proceeds paid to or for the benefit of the Executive under any policy, the premiums for
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Disability and Other Benefits. If the Executive suffers any illness, disability or incapacity which prevents the Executive from performing the Executive's duties hereunder, and such illness, disability or incapacity shall be deemed by a duly licensed physician (who may be the Executive's personal physician) to be permanent; or, if the Executive is unable to render full-time services to the Company of the character required hereunder for a period of six (6) consecutive months by reason of illness, disability or incapacity, and the Board has determined that the Executive has been permanently disabled; then, and in either of such events, the Executive shall render such advisory and consulting services to the Company as may be reasonably requested of the Executive by the Board and officers of the Company but only to the
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Related to Disability and Other Benefits

  • Compensation and Other Benefits Subject to the provisions of this Agreement, the Company shall pay and provide the following compensation and other benefits to the Executive during the Term as compensation for services rendered hereunder:

  • Vacation and Other Benefits Each Contract Year, Executive shall be entitled to four (4) weeks of paid vacation in accordance with Employer’s applicable policies and procedures for executive-level employees. Executive shall also be eligible to participate in and receive the fringe benefits generally made available to other executive-level employees of Employer in accordance with and to the extent that Executive is eligible under the general provisions of Employer’s fringe benefit plans or programs; provided, however, that Executive understands that these benefits may be increased, changed, eliminated or added from time to time during the Term as determined in Employer’s sole and absolute discretion.

  • Insurance and Other Benefits During the Employment Period, the Executive and the Executive’s dependents shall be entitled to participate in the Company’s insurance programs and any ERISA benefit plans, as the same may be adopted and/or amended from time to time (the “Benefits”). The Executive shall be entitled to paid personal days on a basis consistent with the Company’s other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of this Agreement shall control.

  • Expense Reimbursement and Other Benefits (a) During the term of Executive’s employment hereunder, pursuant to Applica’s Travel and Expense Policy and upon the submission of proper substantiation by the Executive, including copies of all relevant invoices, receipts or other evidence reasonably requested by Applica, Applica shall reimburse the Executive for all reasonable expenses actually paid or incurred by the Executive in the course of and pursuant to the business of Applica or any Affiliates. (b) Executive shall participate in Applica’s Group Health and Hospitalization Plan, Group Life Insurance Plan, Group Disability Insurance Plan and all other insurances, or insurance plans (collectively, the “Welfare Benefits”), and executive benefits and bonuses covering Applica’s executive officers as are now or may in the future be in effect, subject to applicable eligibility requirements. Additionally, Applica shall provide the Executive with life insurance in an amount equal to five times his Base Salary. During the Term, Applica shall pay for (i) the Executive’s annual dues in a country club and (ii) tax preparation and financial planning for the Executive on an annual basis up to a maximum of 1% of his base salary. (c) During the Term, Applica shall provide Executive with a monthly automobile allowance of $975. (d) During the Term, the Executive will be entitled to four weeks’ paid vacation for each year. The Executive will also be entitled to the paid holidays and other paid leave set forth in Applica’s policies. Vacation days and holidays during any fiscal year that are not used by the Executive during such Fiscal Year may not be carried over and used in any subsequent Fiscal Year.

  • Executive Perquisites, Benefits and Other Compensation Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Executive and his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, benefits provided to Executive under this clause (i) to be at least equal to such benefits provided to Metals executives. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other Company-wide employee benefits as are available from time to time.

  • Salary and Other Compensation As compensation for the services to be rendered by the Employee to the Company pursuant to this Agreement, the Employee shall be paid the following compensation and other benefits:

  • Vacation and Other Leave During the Period of Employment, the Executive shall accrue and be entitled to take paid vacation in accordance with the Company’s vacation policies in effect from time to time, including the Company’s policies regarding vacation accruals; provided that the Executive’s rate of vacation accrual during the Period of Employment shall be no less than three (3) weeks per year. The Executive shall also be entitled to all other holiday and leave pay generally available to other executives of the Company.

  • No Impact on Other Benefits The value of the Participant’s Option is not part of his or her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit.

  • Effect on Other Benefits In no event shall the value, at any time, of the RSUs or any other payment under this Agreement be included as compensation or earnings for purposes of any other compensation, retirement, or benefit plan offered to employees of the Company or any subsidiary of the Company unless otherwise specifically provided for in such plan. The RSUs and the underlying shares of Common Stock (or their cash equivalent), and the income and value of the same, are not part of normal or expected compensation or salary for any purpose including, but not limited to, calculation of any severance, resignation, termination, redundancy or end-of-service payments, holiday pay, bonuses, long-service awards, leave-related payments, pension or retirement benefits, or similar mandatory payments.

  • No Other Benefits Executive understands and acknowledges that the compensation specified in Sections 2 and 3 of this Agreement shall be in lieu of any and all other compensation, benefits and plans.

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