Disability Benefit Plans Sample Clauses

Disability Benefit Plans. During any Disability Period, Executive shall be entitled to receive disability benefit payments according to the provisions of the Company's disability plans for salaried employees, if any, and Executive shall continue to be an employee of the Company for purposes of continued vesting and exercise of stock options (but not for purposes of participation in incentive plans) and shall continue to participate in all employee benefit plans for which he is eligible pursuant to this Agreement or otherwise. To the extent that Executive remains employed by the Company during a Disability Period, in addition to the disability benefit payments under such plans, during the first 180 days of any such Disability Period, Executive shall be entitled to receive, at normal payroll dates, supplemental disability payments directly from the Company in the amount necessary for the total of such supplemental disability payments and disability benefit plan payments to equal, on an annual basis, 100% of the Base Salary in effect at the beginning of the Disability Period. In the event the Disability Period continues beyond such 180-day period and Executive remains employed the Company, Executive shall then receive, for the remaining duration of the Disability Period for as long as he remains employed, in addition to the disability benefit payments under the provisions of the Company's disability plan(s), supplemental disability payments directly from the Company at a rate equal to one-third (33%) of his Base Salary in effect at the beginning of the Disability Period, such supplemental disability payments to be adjusted on an annual basis by the applicable percentage increase (or decrease) in the consumer price index (All Urban Consumers) as published by the US Department of Labor, or any successor index thereto.