Payment of Disability Benefits Sample Clauses

Payment of Disability Benefits. Disability benefit payments will be made monthly in arrears. Any payment for a period of less than one (1) month will be made at a daily rate of one-thirtieth (1/30) of your monthly benefit amount.
Sample 1
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Payment of Disability Benefits. If the Executive suffers a ------------------------------ Disability (as defined herein) before the Executive attains the age of 65 and while the Executive is an active employee of the Employer, the Employer shall pay the Executive a supplemental disability income, commencing on the first day after the Executive has suffered such Disability for a period of thirty (30) consecutive days and continuing to the earlier of that month in which the Executive attains the age of sixty-five (65) years, the date of the Executive's death or that date on which the Executive no longer meets the criteria for Disability as described herein. The amount of such disability benefit shall be equal to (a) 60% of the Executive's compensation, less (b) the total benefits payable to the Executive under any group disability plan or plans which the Employer may have in effect at the time of the payment of the benefit and, less (c) social security disability payments received. For purposes of this Paragraph, "compensation" shall mean the Executive's base salary in effect on the date the Executive's disability payments are to commence plus any bonuses or annual incentive cash compensation earned by the Executive for the calendar year immediately preceding the date the Executive's disability payments are to commence.
Sample 1
Payment of Disability Benefits. Weekly Income - Payment of Disability Benefits Disability benefit payments will be made weekly in arrears. Any payment for a period of less than one week will be made at a daily rate of one-seventh of your weekly benefit amount.
Sample 1
Payment of Disability Benefits. Disability benefit payments will be made monthly in arrears. Any payment for a period of less than one
Sample 1
Payment of Disability Benefits. As soon as administratively feasible after the Committee has credited and adjusted the Individual Accounts of the disabled Participant as provided in Section 8.1, the Trustee shall make payments to the disabled Participant pursuant to Article X. Subject to the mandatory distribution requirements of Section 6.4, the survivor annuity requirements of Section 6.5, if applicable, and the immediate cashout provisions of Sections 9.3(b) and 9.3(c), payments shall begin as soon as administratively feasible after the Participant terminates Service with the Employer. The Committee shall charge each payment to the disabled Participant's Individual Account, and payments shall continue until death (when Article VII shall control the disposition of the deceased Participant's Nonforfeitable Account Balance) or until the Participant's Nonforfeitable Account Balance is paid to the disabled Participant in full, whichever event shall occur first. * * * * * * *
Sample 1

Related to Payment of Disability Benefits

  • Disability Benefits Technology Errors and Omissions Not less than $1,000,000 each claim Not less than $2,000,000 in aggregate At the time of the first transaction with an Authorized User and updated in accordance with Contract Crime Insurance Not less than $50,000 Lot 3 Insurance Type Proof of Coverage is Due Commercial General Liability Not less than $5,000,000 each occurrence Updated in accordance with Contract General Aggregate $2,000,000 Products – Completed Operations Aggregate $2,000,000 Personal and Advertising Injury $1,000,000 Business Automobile Liability Insurance Not less than $5,000,000 each occurrence Workers’ Compensation

  • Death and Disability Benefits (a) In the event the Executive’s employment with the Bank terminates during the Employment Period because of the Executive’s death, then the Bank shall pay to the Executive’s estate the benefits listed in sections 9(b)(i) and 9(b)(ii) of this Agreement.

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Normal Retirement Benefits A Participant shall be entitled to receive the balance held in his or her account upon attaining his or her Normal Retirement Age or at such earlier dates as the provisions of this Article VI may permit. If a Participant elects to continue working past his or her Normal Retirement Age, he or she will continue as an active Participant. Unless the Employer elects otherwise in the Adoption Agreement, distribution shall be made to such Participant at his or her request prior to his or her actual retirement. Distribution shall be made in the normal form, or if elected, in one of the optional forms of payment provided below.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Other Termination Benefits In addition to any amounts or benefits payable upon a Termination of Employment hereunder, Executive shall, except as otherwise specifically provided herein, be entitled to any payments or benefits provided under the terms of any plan, policy or program of the Company in which Executive participates or as otherwise required by applicable law.

  • Employment Benefits In addition to the Salary payable to the Executive hereunder, the Executive shall be entitled to the following benefits:

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