Common use of Disability Prior to Retirement Clause in Contracts

Disability Prior to Retirement. In the event the Executive should become disabled while actively employed by the Corporation at any time after the date of this Agreement but prior to his attaining the age of seventy (70) years, the Executive will be considered to be one hundred percent (100%) vested in the amount set forth in Schedule A attached hereto and made a part hereof. Said amount shall be paid to the Executive in a lump sum within three (3) months of the determination of disability. Said payment shall be in lieu of any other retirement or death benefit under this Agreement.

Disability Prior to Retirement. In addition to the benefits pursuant to Section 3.2 hereof, in the event the Executive should become disabled Disabled while actively employed by the Corporation at any time after the date of this Agreement but prior to his attaining the age of seventy (70) yearsRetirement Date, the Executive will be considered to be one hundred percent (100%shall receive his current salary for an additional period of TWELVE ( 12 ) vested in the amount set forth in Schedule A attached hereto and made a part hereofmonths. Said amount shall be paid to the Executive in on a lump sum within three (3) months monthly basis beginning on the first day of the determination of disability. Said payment shall be in lieu of any other retirement or death benefit under this Agreementmonth after the Executive has become Disabled.