Common use of Disability Compensation Clause in Contracts

Disability Compensation. In the event of disability of the Executive during the Term of this Employment Agreement, the Company will continue to pay the Executive according to the Compensation provisions of this Agreement during the period of his disability. In the event the disability continues for a period of three (3) months, the Company may terminate the employment of the Executive. Following such termination, the Company will continue to pay Executive's Base Salary for a period of six (6) months. In such case, all other compensation will cease except for earned but unpaid 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 (Specialty Care Network Inc), Employment Agreement (Specialty Care Network Inc), Employment Agreement (Specialty Care Network Inc)

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