Common use of Disability Continuation Clause in Contracts

Disability Continuation. If the Executive terminates employment due to disability and then dies before recovering from such disability, the Company shall pay to the Executive's designated beneficiary the survivor income benefit described in Article

Appears in 6 contracts

Samples: Survivor Income Agreement (Community Banks Inc /Pa/), Survivor Income Agreement (Community Banks Inc /Pa/), Survivor Income Agreement (Community Banks Inc /Pa/)

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Disability Continuation. If the Executive terminates employment due to disability and then dies before recovering from such disability, the Company shall pay to the Executive's ’s designated beneficiary the survivor income benefit described in ArticleArticle 2. Whether the Executive is disabled or has recovered from a disability shall be determined by the Company in its sole discretion.

Appears in 4 contracts

Samples: Survivor Income Agreement (Fulton Bancshares Corp), Survivor Income Agreement (Susquehanna Bancshares Inc), Survivor Income Agreement (Fulton Bancshares Corp)

Disability Continuation. If the Executive terminates employment due to disability Disability and then dies before reaching Normal Retirement Age and without recovering from such disabilityDisability, the Company Bank shall pay to the Executive's designated beneficiary in a single lump sum the survivor income benefit described in ArticleSection 2.5.

Appears in 3 contracts

Samples: Executive Survivor Income Agreement (Middlefield Banc Corp), Executive Survivor Income Agreement (Middlefield Banc Corp), Executive Survivor Income Agreement (Middlefield Banc Corp)

Disability Continuation. If the Executive terminates employment due to disability Disability and then dies before recovering from such disabilitydies, the Company Bank shall pay to the Executive's ’s designated beneficiary in a single lump sum the survivor income benefit described in ArticleSection 2.5.2.

Appears in 3 contracts

Samples: Executive Survivor Income Agreement (Premierwest Bancorp), Executive Survivor Income Agreement (Premierwest Bancorp), Executive Survivor Income Agreement (Premierwest Bancorp)

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Disability Continuation. If the Executive terminates employment due to disability Disability and then dies before recovering from such disabilitydies, the Company Bank shall pay to the Executive's designated beneficiary in a single lump sum the survivor income benefit described in ArticleSection 2.5.2.

Appears in 1 contract

Samples: Executive Survivor Income Agreement (Premierwest Bancorp)

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