Insurance, Disability. The City shall pay the annual premiums for a disability income policy for the Manager on a policy that is mutually agreeable to the City and the Manager, provided that the City's annual premium expense shall not exceed Dollars ($ ). The proceeds of such policy shall be payable to the Manager or the Manager’s designated beneficiary in the event the Manager becomes disabled or incapacitated during the term of this Agreement.
Insurance, Disability. The Board shall provide a group long-term disability insurance plan providing 50% of salary (after a 1st calendar day waiting period) to a maximum of $1,500 per month, minus payments for which the insured qualifies to receive under Social Security (including payments to eligible dependents), and Worker’s Compensation or any occupational disease act or law, any state compulsory disability benefit law, and any disability, retirement or other income benefits provided by or through the employer. Benefits shall be payable up to age sixty- five (65) for each accident or sickness. The full cost of said plan shall be borne by the Board.
Insurance, Disability. Except as otherwise provided in the last sentence of this Section 4.3, DDR will maintain disability insurance in effect with respect to Xxxxxxx during the Contract Period sufficient to pay to Xxxxxxx a monthly benefit in the event of disability of at least $25,000 per month through age 65 (or, as to so much of that monthly amount as has previously been provided through a policy that will pay a monthly benefit only for a shorter term, through the end of that shorter term). If DDR determines not to continue any particular disability insurance policy for Xxxxxxx described in this Section 4.3, DDR’s obligation to continue to maintain such disability insurance policy will terminate, and DDR will self-insure the disability benefit that would have been provided to Xxxxxxx had such disability insurance policy remained in effect through the date, if any, on which Xxxxxxx would otherwise have qualified for benefits under such disability insurance policy, and DDR will pay the same disability benefit to Xxxxxxx that would have otherwise been provided under such disability insurance policy.
Insurance, Disability. The City shall pay the annual premiums for a disability income policy for the Manager, which policy shall provide disability income of _________ percent (____%) of the Manager’s then current annual salary to the Manager or the Manager’s designated beneficiary in the event the Manager becomes disabled or incapacitated during the term of this Agreement. ___________________________________
Insurance, Disability. Except as otherwise provided in the last sentence of this Section 5.3, DDR will maintain the current disability insurance policies in effect with respect to Wolstein during the Contract Period while Wolstein is employed by DDR sufficient to pay to Wolstein, subject to the terms of such policies, a monthly benefit in the event of disability of at least $46,500 per month through age 65 (or, as to so much of that monthly amount as has previously been provided through a policy that will pay a monthly benefit only for a shorter term, through the end of that shorter term). If DDR determines not to continue any particular disability insurance policy for Wolstein described in this Section 5.3, DDR’s obligation to continue to maintain such disability insurance policy will terminate, and through the Contract Period while Wolstein is employed by DDR, DDR will self-insure the disability benefit that would have been provided to Wolstein had such disability insurance policy remained in effect through the date, if any, on which Wolstein would otherwise have qualified for benefits under such disability insurance policy, and DDR will pay the same disability benefit to Wolstein that would have otherwise been provided under such disability insurance policy.
Insurance, Disability. Except as otherwise provided in the last sentence of this Section 4.3, DDR will maintain the current disability insurance policies in effect with respect to Xxxxxxx during the Contract Period while Xxxxxxx is employed by DDR sufficient to pay to Xxxxxxx, subject to the terms of such policies, a monthly benefit in the event of disability of at least $25,000 per month through age 65 (or, as to so much of that monthly amount as has previously been provided through a policy that will pay a monthly benefit only for a shorter term, through the end of that shorter term). If DDR determines not to continue any particular disability insurance policy for Xxxxxxx described in this Section 4.3, DDR’s obligation to continue to maintain such disability insurance policy will terminate, and through the Contract Period while Xxxxxxx is employed by DDR, DDR will self-insure the disability benefit that would have been provided to Xxxxxxx had such disability insurance policy remained in effect through the date, if any, on which Xxxxxxx would otherwise have qualified for benefits under such disability insurance policy, and DDR will pay the same disability benefit to Xxxxxxx that would have otherwise been provided under such disability insurance policy.
