Common use of Eligibility for Supplemental Pension Benefit on Disability Clause in Contracts

Eligibility for Supplemental Pension Benefit on Disability. (a) If Termination of Employment of the Executive occurs on account of Disability the Executive will be entitled to receive a supplemental pension benefit under this Agreement in an amount equal to thirty-five percent (35%) of the Executive's Base Annual Salary reduced by any benefit to which the Executive may be entitled under Social Security, the Company's Long-Term Disability Plan, Worker's Compensation awards, or any combination thereof, on account of Disability. This supplemental pension benefit, if any, will be paid by the Company to the Executive each year for fifteen (15) years. The amount to be paid each year will be paid in equal monthly installments, beginning on the first day of the month following the date of Termination of the Executive's Employment, and on the first day of each month thereafter.

Eligibility for Supplemental Pension Benefit on Disability. (a) If Termination of Employment of the Executive occurs on account of Disability the Executive will be entitled to receive a supplemental pension benefit under this Agreement in an amount equal to thirty-five seventeen and one half percent (3517.5%) of the Executive's Base Annual Salary reduced by any benefit to which the Executive may be entitled under Social Security, the Company's Long-Term Disability Plan, Worker's Compensation awards, or any combination thereof, on account of Disability. This supplemental pension benefit, if any, will be paid by the Company to the Executive each year for fifteen (15) years. The amount to be paid each year will be paid in equal monthly installments, beginning on the first day of the month following the date of Termination of the Executive's Employment, and on the first day of each month thereafter.