Common use of Payment of salary during absence Clause in Contracts

Payment of salary during absence. 11.2.1 Subject to the Executive complying with the terms of Clause 11.1, the Company shall continue to pay Basic Salary and other benefits during any period of absence due to sickness or injury for up to a maximum period of 10 weeks in any period of 12 consecutive months unless the Employment is terminated in terms of Clauses 3 or 15. Thereafter the Company shall pay half basic salary and benefits for a further period of 10 weeks in that period of 12 consecutive months unless the employment is terminated in terms of Clauses 3 or 15. 11.2.2 Payment of the Basic Salary in terms of Clause 11. 2.1 shall be made less: (a) an amount equivalent to any Statutory Sick Pay payable to the Executive; (b) any sums which may be received by the Executive under any insurance policy effected by the Company; and (c) any other benefits or sums which the Executive receives in terms of the Employment or under any relevant legislation.

Appears in 1 contract

Samples: Employment Agreement (Canargo Energy Corp)

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Payment of salary during absence. 11.2.1 10.2.1 Subject to the Executive complying with the terms of Clause 11.1, the Company shall continue to pay Basic Salary and other benefits during any period of absence due to sickness or injury for up to a maximum period of 10 weeks in any period of 12 consecutive months unless the Employment is terminated in terms of Clauses 3 or 15. Thereafter the Company shall pay half basic salary and benefits for a further period of 10 weeks in that period of 12 consecutive months unless the employment is terminated in terms of Clauses 3 or 15. 11.2.2 10.2.2 Payment of the Basic Salary in terms of Clause 11. 2.1 shall be made less: (a) an amount equivalent to any Statutory Sick Pay payable to the Executive; (b) any sums which may be received by the Executive under any insurance policy effected by the Company; and (c) any other benefits or sums which the Executive receives in terms of the Employment or under any relevant legislation.

Appears in 1 contract

Samples: Employment Agreement (Canargo Energy Corp)

Payment of salary during absence. 11.2.1 Subject to the Executive complying with the terms of Clause 11.1, the Company shall continue to pay Basic Salary and other benefits during any period of absence due to sickness or injury for up to a maximum period of 10 weeks in any period of 12 consecutive months unless the Employment is terminated in terms of Clauses 3 or 1516. Thereafter the Company shall pay half basic salary and benefits for a further period of 10 weeks in that period of 12 consecutive months unless the employment is terminated in terms of Clauses 3 or 1516. 11.2.2 Payment of the Basic Salary in terms of Clause 11. 2.1 shall be made less: (a) an amount equivalent to any Statutory Sick Pay payable to the Executive; (b) any sums which may be received by the Executive under any insurance policy effected by the Company; and (c) any other benefits or sums which the Executive receives in terms of the Employment or under any relevant legislation.

Appears in 1 contract

Samples: Employment Agreement (Canargo Energy Corp)

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Payment of salary during absence. 11.2.1 12.2.1 Subject to the Executive complying with the terms of Clause 11.112.1, the Company shall continue to pay Basic Salary and other benefits during any period of absence due to sickness or injury for up to a maximum period of 10 weeks in any period of 12 consecutive months unless the Employment is terminated in terms of Clauses 3 or 1516. Thereafter the Company shall pay half basic salary and benefits for a further period of 10 weeks in that period of 12 consecutive months unless the employment is terminated in terms of Clauses 3 or 1516. 11.2.2 12.2.2 Payment of the Basic Salary in terms of Clause 1112. 2.1 shall be made less: (a) an amount equivalent to any Statutory Sick Pay payable to the Executive; (b) any sums which may be received by the Executive under any insurance policy effected by the Company; and (c) any other benefits or sums which the Executive receives in terms of the Employment or under any relevant legislation.

Appears in 1 contract

Samples: Employment Agreement (Canargo Energy Corp)

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