Common use of Disability Compensation Clause in Contracts

Disability Compensation. Notwithstanding the disability of the Executive, the Company will continue to pay the Executive pursuant to Section 3 hereof during the Term of this Employment Agreement, unless the Executive's employment is earlier terminated in accordance with this Employment Agreement. In the event the disability continues for a period of three (3) months, the Company may thereafter terminate this Employment Agreement and the Executive's employment. Following such termination, the Company will pay the Executive amounts equal to his regular installments of Base Salary, as of the time of termination, for a period of the greater of (i) the remaining Term of this Agreement or (ii) twelve (12) months from the date of such termination. All other compensation will cease except for earned but unpaid Incentive Bonus awards which would be payable on a pro-rated basis for the year in which the disability occurred, through the date of termination.

Appears in 6 contracts

Samples: Employment Agreement (Response Oncology Inc), Employment Agreement (Response Oncology Inc), Employment Agreement (Response Oncology Inc)

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Disability Compensation. Notwithstanding the disability of the ----------------------- Executive, the Company will continue to pay the Executive pursuant to Section 3 hereof during the Term of this Employment Agreement, unless the Executive's employment is earlier terminated in accordance with this Employment Agreement. In the event the disability continues for a period of three (3) months, the Company may thereafter terminate this Employment Agreement and the Executive's employment. Following such termination, the Company will pay the Executive amounts equal to his regular installments of Base Salary, as of the time of termination, for a period of the greater of six (i6) the remaining Term of this Agreement or (ii) twelve (12) months from the date of such terminationmonths. All other compensation will cease except for earned but unpaid Incentive Bonus incentive compensation awards which would be payable on a pro-rated basis for the year in which the disability occurred, through the date of termination.

Appears in 6 contracts

Samples: Employment Agreement (Master Graphics Inc), Employment Agreement (Master Graphics Inc), Employment Agreement (Master Graphics Inc)

Disability Compensation. Notwithstanding the disability of the Executive, the Company will continue to pay the Executive pursuant to Section 3 hereof during the Term of this Employment Agreement, unless the Executive's employment is earlier terminated in accordance with this Employment Agreement. In the event the disability continues for a period of three (3) months, the Company may thereafter terminate this Employment Agreement and the Executive's employment. Following such termination, the Company will pay the Executive amounts equal to his regular installments of Base Salary, as of the time of termination, for a period of the greater of six (i6) the remaining Term of this Agreement or (ii) twelve (12) months from the date of such terminationmonths. All other compensation will cease except for earned but unpaid Incentive Bonus incentive compensation awards which would be payable on a pro-rated basis for the year in which the disability occurred, through the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Seafield Capital Corp)

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Disability Compensation. Notwithstanding the disability of the Executive, the Company will continue to pay the Executive pursuant to Section 3 hereof during the Term of this Employment Agreement, unless the Executive's employment is earlier terminated in accordance with this Employment Agreement, unless the Executive's employment is earlier terminated in accordance with this Employment Agreement. In the event the disability continues for a period of three (3) months, the Company may thereafter terminate this Employment Agreement and the Executive's employment. Following such termination, the Company will pay the Executive amounts equal to his regular installments of Base Salary, as of the time of termination, for a period of the greater of six (i6) the remaining Term of this Agreement or (ii) twelve (12) months from the date of such terminationmonths. All other compensation will cease except for earned but unpaid Incentive Bonus incentive compensation awards which would be payable on a pro-rated basis for the year in which the disability occurred, through the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Response Oncology Inc)

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