PAYMENTS DURING DISABILITY. In addition to the payments provided in Sections 4(f)(i) and (ii) should the Executive become disabled while employed by the Corporation, and such disability continues for a period of six (6) months, the Corporation shall pay to the Executive his Monthly Benefit during each month that the Executive remains disabled until he attains age 65 or until his death prior to attaining such age, at which time the payments provided in Sections 4(f)(i), (ii) or (iii) (whichever is applicable) shall begin. The first payment under this Section 4(f)(iv) shall be made during the seventh month of such disability, and each succeeding payment shall be made on the same date of each succeeding month thereafter. Payments shall be made under this Section 4(f)(iv) only if the Executive is disabled within the meaning of the disability clause of the Corporation’s long term disability insurance policy or program as then in effect.
PAYMENTS DURING DISABILITY. In addition to the payments provided in subparagraphs (a) and (b), should Employee become disabled while employed by the Corporation, and such disability continues for a period of six (6) months, the Corporation shall pay to Employee [his OR her] Monthly Benefit during each month that Employee remains disabled until [he OR she] attains age 65 or until [his OR her] death prior to attaining such age, at which time the payments provided in subparagraph (a) or (b), as applicable, shall begin. The first payment under this subparagraph (c) shall be made during the seventh month of such disability, and each succeeding payment shall be made on the same date of each succeeding month thereafter. Payments shall be made under this subparagraph (c) only if Employee is disabled within the meaning of the disability clause of an applicable policy’s waiver of premium provision and within the meaning of “disability” as set forth in Treas. Reg. Section 1.409A-3(i)(4).
PAYMENTS DURING DISABILITY. In addition to the payments provided in Sections (a) and (b), should Employee become disabled while employed by the Corporation, and such disability continues for a period of six months, the Corporation shall pay to Employee the monthly amount provided in Section 4(a) above during each month that Employee remains disabled until he or she attains the age of 65 or until his or her death prior to attaining such age, at which time the payments provided in Sections (a) or (b) shall begin. The first payment under this Section (c) shall be made during the seventh month of such disability, and each succeeding payment shall be made on the same date of each succeeding month thereafter. The Corporation is the owner and beneficiary of certain insurance policies covering Employee, life and insuring against Employee's disability. No payments shall be required under Sections (a), (b) or (c) of this paragraph if because of any act by Employee the applicable policy is canceled by the insurance company issuing such policy or the insurance company refuses to pay the proceeds of said policy. Payments shall be made under Section (c) only if Employee is disabled within the meaning of the disability clause of said policy, as set forth in the waiver of premium provision.
PAYMENTS DURING DISABILITY. In addition to the payments provided in Subsections (a) and (b), should Xxxxxxxxxxx become disabled while employed by the Corporation, and such disability continues for a period of six months the Corporation shall pay to Xxxxxxxxxxx his Monthly Benefit during each month that Xxxxxxxxxxx remains disabled until he attains age 65 or until his death prior to attaining such age, at which time the payments provided in Subsections (a), (b) or (c) (whichever is applicable) shall begin. The first payment under this Section (d) shall be made during the seventh month of such disability, and each succeeding payment shall be made on the same date of each succeeding month thereafter. Payments shall be made under this Section (d) only if Xxxxxxxxxxx is disabled within the meaning of the disability clause of the Corporation's disability insurance policy, as set forth in the waiver of premium provision.
PAYMENTS DURING DISABILITY. During the period of the Settlor's Disability (defined at Article XXIII below), the successor Trustee shall distribute from time to time, so much of the net income and principal of the trust even to the complete exhaustion thereof, as such Trustee, deems advisable:
1. For the support, health, and maintenance in the previous accustomed manner of living of Settlor;
2. For the discharge of any obligation which, in such Trustee's opinion, is legally enforceable against the Settlor; and
3. For any other purpose or purposes whatsoever, which such Trustee believes to be directly beneficial to the Settlor.
PAYMENTS DURING DISABILITY. During the period of the Settlor's Disability (defined at Article XXIII below), the successor Trustee shall distribute from time to time, so much of the net income and principal of the trust even to the complete exhaustion thereof, as such Trustee, deems advisable: 1. For the support, health, and maintenance in the previous accustomed manner of living of Settlor;
PAYMENTS DURING DISABILITY. In addition to the payments provided in subparagraphs (a) and (b), should Employee become disabled while employed by the Corporation, and such disability continues for a period of six months, the Corporation shall pay to Employee his or her Monthly Benefit during each month that Employee remains disabled until he attains age 65 or until his or her death prior to attaining such age, at which time the payments provided in subparagraph (b) shall
PAYMENTS DURING DISABILITY. In addition to the payments provided in subparagraphs (a) and (b), should Employee become disabled while employed by the Corporation, and such disability continues for a period of six months, the Corporation shall pay to Employee his Monthly Benefit during each month that Employee remains disabled until he attains age 65 or until his death prior to attaining such age, at which time the payment provided in subparagraph (a) or (b), as applicable, shall be paid or begin (in the case of a sump sum, the 30-year Treasury Note rate shall be determined at age 65 or death, as applicable). The first payment under this subparagraph (c) shall be made during the seventh month of such disability, and each succeeding payment shall be made on the same date of each succeeding month thereafter. Payments shall be made under this subparagraph (c) only if Employee is disabled within the meaning of the disability clause of an applicable policy’s waiver of premium provision and within the meaning of “disability” as set forth in Treas. Reg. Section 1.409A—3(i)(4).
PAYMENTS DURING DISABILITY. In addition to the payments provided in subparagraphs (a) and (b), should Employee become disabled while employed by the Corporation, and such disability continues for a period of six months, the Corporation shall pay to Employee his or her Monthly Benefit during each month that Employee remains disabled until he attains age 65 or until his or her death prior to attaining such age, at which time the payments provided in subparagraph (b) shall begin. The first payment under this subparagraph (c) shall be made during the seventh month of such disability, and each succeeding payment shall be made on the same date of each succeeding month
PAYMENTS DURING DISABILITY. In addition to the payments provided in Section 4(f)(i) and (ii), should the Executive become disabled while employed by the Corporation, and such disability continues for a period of six (6) months, the Corporation shall pay to the Executive his Monthly Benefit during each month that the Executive remains disabled until he attains age 65 or until his death prior to attaining such age, at which time the payment provided in
