Common use of Disability Pay Clause in Contracts

Disability Pay. Upon termination of this Agreement pursuant to the preceding subsection (a)(1), Xxxxxx Mac, in its discretion, will either: (1) continue to pay you (or your estate or heirs, as the case may be) for the lesser of two (2) years or the balance of the Term the difference between your current Base Salary and the amount of disability insurance payments received by you under insurance policies provided by Xxxxxx Mac in accordance with this Agreement; or (2) pay you (or your estate or heirs, as the case may be) the present value of the payments described in preceding subsection (c)(1), discounted at a rate equal to the yield then available for two-year U.S. Treasury Notes, plus 50 basis points (0.50%).

Disability Pay. Upon termination of this Agreement pursuant to the preceding subsection (a)(1), Xxxxxx Farmer Mac, in its discretion, will either: (1) continue to contxxxx xo pay you (or your estate or heirs, as the case may be) for the lesser of two (2) years or the balance of the Term the difference between your current Base Salary and the amount of disability insurance payments received by you under insurance policies provided by Xxxxxx Farmer Mac in accordance with this Agreement; or (2) pay you xxx xou (or your estate or heirs, as the case may be) the present value of the payments described in preceding subsection (c)(1), discounted at a rate equal to the yield then available for two-year U.S. Treasury Notes, plus 50 basis points (0.50%).