Disability During Employment Sample Clauses

Disability During Employment. If Employee shall become unable to perform his duties by reason of disability, he shall be entitled to receive, in addition to any insurance benefits he may receive, all of his salary for the first one (1) month of his disability, and one-half (1/2) of his salary for the next three (3) months of disability. Periods of disability shall not be cumulative so long as they are separated by at least ninety (90) days of continuous service.
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Disability During Employment. In the event of Employee’s Disability as defined herein, Employer’s obligations under this Agreement shall terminate once the Employee is eligible for disability benefits under the Employer’s Disability Policy, but in no event longer than one hundred twenty (120) days following such total disability. “Disability” shall mean Employee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12 months).
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Disability During Employment. If, during Employee's employment, Employee becomes unable to perform his duties under this Agreement because of "disability", Corporation shall pay Employee the Salary that would otherwise be payable under this Agreement through the period of disability, or if shorter, for a period of ninety (90) days, and thereafter, until employment terminates in accordance with this Agreement due to disability, Employee's Salary less the amount of income paid to Employee under any policy of disability or worker's compensation insurance paid for by Corporation shall be paid as disability compensation.
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Disability During Employment. If the Employee from any cause becomes wholly disabled from continuing the duties of employment, Employee shall receive compensation on the following basis: For ninety (90) days only of such disability, the disabled Employee shall be paid 100% of Employee’s monthly base compensation. At the conclusion of ninety (90) days of such disability, base compensation shall cease. At the conclusion of the ninety (90) days of such disability, Employee’s employment hereunder shall be terminated.
Sample 1
Disability During Employment. In the event Employee becomes disabled, all rights of the Employee under this Agreement shall terminate. Upon the determination of Employee's disability, the Employer shall pay to the Employee such compensation as would otherwise have been payable to the Employee up to the date of commencement of Employee's disability, and the Employer shall have no further financial obligations under this Agreement to the Employee. Any amounts owing to the Employee under any retirement plans or other compensation arrangements, if any, with the Employer shall be handled solely in accordance with the terms of such plans or arrangements and not by the terms of this Agreement. For purposes hereof, Employee may be deemed to be disabled if, as a result of physical or mental impairment, whether to accident, illness or otherwise, Employee is unable, even with reasonable accommodations by the Corporation are made, to fully and satisfactorily perform his duties and obligations under this Agreement.
Sample 1
Disability During Employment. If during the six (6)-month period immediately preceding, or the two (2)-year period immediately following, a Change of Control, while Executive is employed, Executive shall become disabled by sickness or otherwise so that he or she is unable to perform the regular duties of his or her employment on a full-time basis, the Company shall pay Executive commencing on the date of the disability and continuing for the first six months thereafter, as sick pay, his Base Salary and provide all benefits Executive was receiving at the time. If the disability continues beyond six months, then the payment of the Executive’s Base Salary shall be suspended during the period of disability. During the term of disability, and until the expiration of the two (2)-year period following a Change of Control, the Executive shall continue to receive customary fringe benefits as provided in this Agreement. The obligation to provide the foregoing disability benefits shall survive the termination of this Agreement provided the disability was incurred before termination. If the disability terminates prior to the end of the two (2)-year period following a Change of Control, the Executive may elect to return to full-time employment under this Agreement, in which case this paragraph shall apply to all subsequent short or long-term disabilities. To determine whether the Executive is disabled for the purposes of this Section 4.c., either the Company or the Executive may request a medical examination of the Executive by a doctor appointed by the Company, or as the Company and Executive may otherwise agree, and the written medical opinion of such doctor shall be conclusive and binding upon the Company and Executive as to whether or not the Executive has become disabled and the date when such disability arose. The cost of any such medical examination shall be borne by the Company.
Sample 1

Related to Disability During Employment

  • Death During Employment If the Executive dies during the term of employment and has not attained the age of seventy years, the Corporation and/or any third party insurance provided by the Corporation, through a coordination of benefits, shall pay the estate of the Executive a death benefit equal to two times the Executive's annual salary. In the event the Executive receives death benefits payable under any group life insurance policy issued to the Corporation, the Corporation's liability under this clause will be reduced by the amount of the death benefit paid under such policy. The Corporation shall pay any remaining death benefits to the estate of the Executive over the course of twelve (12) months in the same manner and under the same terms as the Executive would have been paid if he had still been working for the Corporation. No later than one (1) month from the date of death, the estate of the Executive will also be paid any accumulated vacation pay. Such payments pursuant to this paragraph shall constitute the full compensation of said Executive and he and his estate shall have no further claim for compensation by reason of his employment by the Corporation.

  • During Employment During Employee’s employment hereunder, Employee shall not engage, directly or indirectly, as an employee, officer, director, partner, manager, consultant, agent, owner (other than a minority shareholder or other equity interest of not more than 1% of a company whose equity interests are publicly traded on a nationally recognized stock exchange or over-the-counter) or in any other capacity, in any competition with the Company or any of its subsidiaries.

  • Non-Competition During Employment Executive agrees during the Basic Term, and any extension of the Basic Term under this Agreement, he will not compete with the Company by engaging in the conception, design, development, production, marketing, or servicing of any product or service that is substantially similar to the products or services which the Company provides, and that he will not work for, in any capacity, assist, or became affiliated with as an owner, partner, etc., either directly or indirectly, any individual or business which offer or performs services, or offers or provides products substantially similar to the services and products provided by Company.

  • Termination of Executives Employment Termination of Executive's Employment means that (i) the Company has terminated Executive's employment with the Company (including any subsidiary of the Company) other than for Cause (as defined in Section 5.2), death or Disability (as defined in Section 5.3), or (ii) Executive, by written notice to the Company, has terminated his employment with the Company (including any subsidiary of the Company) for Good Reason (as defined below). For purposes of this Agreement, "Good Reason" means:

  • Executive’s Death or Disability The Executive’s employment shall terminate immediately upon his death or, upon written notice as set forth below, his Disability. As used in this Agreement, Disability shall mean such physical or mental impairment as would render the Executive eligible to receive benefits under the long-term disability insurance policy or plan then made available by the Company Group to the Executive. If the Employment Period is terminated by reason of the Executive’s Disability, either party shall give thirty (30) days’ advance written notice to that effect to the other.

  • Compensation and Benefits During Employment During the Employment, the Company shall provide compensation and benefits to the Executive as follows.

  • Disability; Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Disability/Disabled For the purpose of this Agreement, an Executive will be considered disabled if:

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Termination of Employees Employment For purposes of this Section 3.1(d), the term “pro rata portion” shall mean, with respect to any award of time-vested RSUs, time- vested RSAs or time-vested options, a percentage, when expressed as a fraction, the numerator of which is the number of days from and after the date that begins the vesting period applicable to such installment of RSUs, RSAs or options during which Employee was an employee of the Company, and the denominator of which is the total number of days in the vesting period(s) applicable to such installment of RSUs, RSAs or options assuming Employee had been an employee throughout such vesting period and no event or other matter occurred that would accelerate the vesting of such award. Any options that vest pursuant to this Section 3.1(d) shall remain exercisable through the post-termination exercise period set forth in or contemplated by the agreement evidencing the option. Notwithstanding anything to the contrary in this Agreement, if any payments, awards or benefits are owed or required to be settled or delivered to Employee under Section 3.3 hereof, then Employee shall not be entitled to any payment or benefit under this Section 3.1. Notwithstanding anything to the contrary in this Agreement, if any payments, awards or benefits are owed or required to be settled or delivered to Employee under Section 3.1(c) and (d) and Employee has attained Retirement Eligibility, then Employee shall be entitled to the greater of the payment or benefit under Section 3.1(c) and (d), determined on an aggregate basis with respect to the Eligible RSAs, on the one hand, or Section 3.2, determined on an aggregate basis with respect to the Eligible RSAs, on the other hand. Solely for purposes of this paragraph, the determination of the Eligible RSAs shall assume that the date of Retirement Termination of Employment shall be deemed to have occurred as of the date of the termination of his or her employment regardless of whether such termination occurred due to a Termination of Employee’s Employment or a Retirement Termination of Employment. 3.2

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