Common use of Disability Coverage Clause in Contracts

Disability Coverage. Long-term and short-term disability coverage equal to 66-2/3% of Base Salary and Average Annual Bonus. For purposes of this Agreement, "Average Annual Bonus" shall mean the average of the three (3) most recent annual Cash Bonuses paid to the Employee immediately preceding the determination date.

Appears in 3 contracts

Samples: Employment Agreement (QCR Holdings Inc), Employment Agreement (QCR Holdings Inc), Employment Agreement (QCR Holdings Inc)

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Disability Coverage. Long-term and short-term disability coverage equal to approximately 66-2/3% of Base Salary and Average Annual Bonus. For purposes of this Agreement, "Average Annual Bonus" shall mean the average of the three (3) most recent annual Cash Bonuses paid to the Employee immediately preceding the determination date.

Appears in 3 contracts

Samples: Employment Agreement (QCR Holdings Inc), Employment Agreement (QCR Holdings Inc), Employment Agreement (QCR Holdings Inc)

Disability Coverage. Long-term and short-term disability coverage equal to 66-2/3% of Base Salary and Average Annual Bonus. For purposes of this Agreement, "Average Annual Bonus" shall mean the average of the three (3) most recent annual Cash Bonuses paid to the Employee immediately preceding the determination date.

Appears in 2 contracts

Samples: Employment Agreement (QCR Holdings Inc), Employment Agreement (QCR Holdings Inc)

Disability Coverage. Long-term and short-term disability coverage equal to approximately 66-2/3% of Base Salary and Average Annual Bonus. For purposes of this Agreement, "Average Annual Bonus" shall mean the average of the three (3) most recent annual Cash Bonuses paid to the Employee immediately preceding the determination date.

Appears in 1 contract

Samples: Employment Agreement (QCR Holdings Inc)

Disability Coverage. Long-term and short-term disability coverage equal to 66-2/3approximately 60% of Base Salary and Average Annual Bonus, subject to the terms of the Bank’s insurance or other policies covering the same, as such percentage or other terms may be changed from time to time by the Bank. For purposes of this Agreement, "Average Annual Bonus" shall mean the average of the three (3) most recent annual Cash Bonuses paid to the Employee immediately preceding the determination date.

Appears in 1 contract

Samples: Employment Agreement (QCR Holdings Inc)

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Disability Coverage. Long-term and short-term disability coverage equal to approximately 66-2/32/3 % of Base Salary and Average Annual Bonus. For purposes of this Agreement, "Average Annual Bonus" shall mean the average of the three (3) most recent annual Cash Bonuses paid to the Employee immediately preceding the determination date.

Appears in 1 contract

Samples: Employment Agreement (QCR Holdings Inc)

Disability Coverage. Long-term and short-term disability coverage equal to 66-2/3approximately 60% of Base Salary and Average Annual Bonus, subject to the terms of the Employer’s insurance or other policies covering the same, as such percentage or other terms may be changed from time to time by the Employer. For purposes of this Agreement, "Average Annual Bonus" shall mean the average of the three (3) most recent annual Cash Bonuses paid to the Employee immediately preceding the determination date.

Appears in 1 contract

Samples: Employment Agreement (QCR Holdings Inc)

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