Common use of DISABILITY OFFSET Clause in Contracts

DISABILITY OFFSET. Payments made to the Executive pursuant to this Section 5 shall be reduced by the sum of the amounts, if any, payable to the Executive at or prior to the time of any such payment under disability benefit plans of the Employer or under the Social Security disability insurance program, and which amounts were not previously applied to reduce any such payments.

Appears in 6 contracts

Samples: Executive Employment Agreement (Polyvision Corp), Executive Employment Agreement (Superior Telecom Inc), Executive Employment Agreement (Superior Telecom Inc)

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DISABILITY OFFSET. Payments made to the Executive pursuant to this Section 5 6 shall be reduced by the sum of the amounts, if any, payable to the Executive at or prior to the time of any such payment under disability benefit plans of the Employer Company or under the Social Security disability insurance program, and which amounts were not previously applied to reduce any such payments.

Appears in 5 contracts

Samples: Employment Agreement (Superior Telecom Inc), Employment Agreement (Superior Telecom Inc), Employment Agreement (Alpine Group Inc /De/)

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DISABILITY OFFSET. Payments made to the Executive pursuant to this Section 5 shall be reduced by the sum of the amounts, if any, payable to the Executive at or prior to the time of any such payment under disability benefit plans of the Employer Company or under the Social Security disability insurance program, and which amounts were not previously applied to reduce any such payments.

Appears in 3 contracts

Samples: Executive Employment Agreement (Superior Telecom Inc), Executive Employment Agreement (Superior Telecom Inc), Executive Employment Agreement (Alpine Group Inc /De/)

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