Common use of Disability Benefit Offset Clause in Contracts

Disability Benefit Offset. Any amounts payable under paragraph 7(a) or 7(b) shall be reduced by any amounts paid to Executive under any other disability program or insurance maintained by the Bank.

Appears in 9 contracts

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

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Disability Benefit Offset. Any amounts payable under Agreement paragraph 7(a) or 7(b6(a) shall be reduced by any amounts paid to Executive under any other disability program or policy of insurance maintained by the BankCompany.

Appears in 5 contracts

Samples: Employment Agreement (Xenith Bankshares, Inc.), Employment Agreement (Xenith Bankshares, Inc.), Employment Agreement (Xenith Bankshares, Inc.)

Disability Benefit Offset. Any amounts payable under paragraph 7(a6(a) or 7(b) hereof shall be reduced by any amounts paid to Executive under any other disability program or policy of insurance maintained by the Bank.

Appears in 4 contracts

Samples: Employment Agreement (MetroCity Bankshares, Inc.), Employment Agreement (MetroCity Bankshares, Inc.), Employment Agreement (MetroCity Bankshares, Inc.)

Disability Benefit Offset. Any amounts payable under paragraph 7(a------------------------- 6(a) or 7(b) hereof shall be reduced by any amounts paid to Executive Employee under any other disability program or policy of insurance maintained by the BankEmployers.

Appears in 4 contracts

Samples: Employment Agreement (Premier Bancshares Inc /Ga), Employment Agreement (Premier Bancshares Inc /Ga), Employment Agreement (Premier Bancshares Inc /Ga)

Disability Benefit Offset. Any amounts payable under paragraph --------------------------- 7(a) or 7(b) shall be reduced by any amounts paid to the Executive under any other disability program or insurance maintained by the Bank.

Appears in 3 contracts

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

Disability Benefit Offset. Any amounts payable under paragraph 7(a) or 7(b) shall be reduced by any amounts paid to Executive under any other disability program or insurance maintained by the Bank.

Appears in 2 contracts

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

Disability Benefit Offset. Any amounts payable under Agreement paragraph 7(a) or 7(b6(a) shall be reduced by any amounts paid to Executive under any other disability program or policy of insurance maintained by the Bank.

Appears in 2 contracts

Samples: Employment Agreement (Xenith Bankshares, Inc.), Employment Agreement (Xenith Bankshares, Inc.)

Disability Benefit Offset. Any amounts payable under paragraph 7(a) ------------------------- or 7(b) shall be reduced by any amounts paid to the Executive under any other disability program or insurance maintained by Frontier in which the BankExecutive participates; however, such payments shall not be reduced by the amount of any payments pursuant to social security and workmen's compensation.

Appears in 2 contracts

Samples: Employment Agreement (Frontier National Corp), Employment Agreement (Frontier National Corp)

Disability Benefit Offset. Any amounts payable under paragraph ------------------------- 7(a) or 7(b) shall be reduced by any amounts paid to the Executive under any other disability program or insurance maintained by Frontier in which the BankExecutive participates; however, such payments shall not be reduced by the amount of any payments pursuant to social security and workmen's compensation.

Appears in 2 contracts

Samples: Employment Agreement (Valley National Corp /Al/), Employment Agreement (Valley National Corp /Al/)

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Disability Benefit Offset. Any amounts payable under paragraph 7(a6(a) or 7(b) hereof shall be reduced by any amounts paid to Executive during such twelve (12) month period under any other disability program or policy of insurance maintained by the Bank.

Appears in 1 contract

Samples: Agreement (Dekalb Bankshares Inc)

Disability Benefit Offset. Any amounts payable under ---------------------------- paragraph 7(a) or 7(b) shall be reduced by any amounts paid to the Executive under any other disability program or insurance maintained by the Bank.

Appears in 1 contract

Samples: Employment Agreement (Ameriana Bancorp)

Disability Benefit Offset. Any amounts payable under ------------------------- paragraph 7(a) or 7(b) shall be reduced by any amounts paid to the Executive under any other disability program or insurance maintained by the Bank; however, such payments shall not be reduced by the amount of any payments pursuant to social security and workmen's compensation.

Appears in 1 contract

Samples: Employment Agreement (Haywood Bancshares Inc)

Disability Benefit Offset. Any amounts payable under paragraph 7(a) or 7(b) shall be reduced by any amounts paid to the Executive under any other disability program or insurance maintained by the Bank.

Appears in 1 contract

Samples: Employment Agreement (Ameriana Bancorp)

Disability Benefit Offset. Any amounts payable under paragraph ------------------------- 7(a) or 7(b) shall be reduced by any amounts paid to the Executive under any other disability program or insurance maintained by the Bank; however, such payments shall not be reduced by the amount of any payments pursuant to social security and workmen's compensation.

Appears in 1 contract

Samples: Employment Agreement (Haywood Bancshares Inc)

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