Common use of Disability Compensation Clause in Contracts

Disability Compensation. Notwithstanding the disability of the Executive, the Company will continue to pay the Executive during the Term of this Employment Agreement, according to the compensation provisions of 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 as of the end of said period. 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 six (6) months.

Appears in 4 contracts

Samples: Employment Agreement (Lab Holdings Inc), Distribution Agreement (SLH Corp), Employment Agreement (Lab Holdings Inc)

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Disability Compensation. Notwithstanding the disability of the Executive, the Company will continue to pay the Executive during the Term of this Employment Agreement, according to the compensation provisions of 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 as of the end of said period. Following such termination, the Company will pay the Executive amounts equal to his her regular installments of Base Salary, as of the time of termination, for a period of six (6) months.

Appears in 1 contract

Samples: Employment Agreement (Lab Holdings Inc)

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