Common use of Disability Benefits and Life Insurance Clause in Contracts

Disability Benefits and Life Insurance. The Executive shall be entitled to long-term disability coverage providing benefits (to continue for such period as is provided in the applicable disability plan or program, as amended from time to time) equal to two-thirds of Annual Salary in the case of a covered disability and life insurance benefits with a face amount equal to Annual Salary.

Appears in 4 contracts

Samples: Employment Agreement (Commercial Net Lease Realty Inc), Employment Agreement (Commercial Net Lease Realty Inc), Employment Agreement (Commercial Net Lease Realty Inc)

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Disability Benefits and Life Insurance. The Executive shall be entitled to long-term disability coverage providing benefits (to continue for such period as is provided in the applicable disability plan or program, as amended from time to time) equal to two-thirds sixty percent (60%) of Annual Salary in the case of a covered disability and life insurance benefits with a face amount equal to Annual Salary.

Appears in 2 contracts

Samples: Employment Agreement (Netreit), Employment Agreement (Netreit)

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