Common use of Disability During Employment Clause in Contracts

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).

Appears in 3 contracts

Samples: Employment Agreement (First Sentry Bancshares, Inc.), Employment Agreement (First Sentry Bancshares, Inc.), Employment Agreement (First Sentry Bancshares, Inc.)

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Disability During Employment. In the event of Employee’s Disability as defined herein, any illness or accident renders Employee totally disabled, 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).

Appears in 1 contract

Samples: Employment Agreement (First Sentry Bancshares, Inc.)

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