Common use of Payments Upon Total Disability Clause in Contracts

Payments Upon Total Disability. If Executive incurs a Separation for Total Disability, then the terms and provisions of the Company benefit plans and the programs (including the Company's Long Term Compensation Plan) that are applicable in the event of such disability of an employee shall apply in lieu of the salary and benefits under this Agreement except that Executive shall receive a pro rata bonus for current year based on performance of the Company, paid in the following year when bonuses are normally distributed. If Executive becomes disabled during the Salary Continuation Period, he will not be eligible for benefits under the Company's Long Term Disability Plan and will be entitled only to the salary and benefits described in Paragraph 2(c) below for the periods set forth in those respective paragraphs.

Appears in 9 contracts

Samples: Letter Agreement (Trump Entertainment Resorts Holdings Lp), Letter Agreement (Trump Entertainment Resorts Holdings Lp), Letter Agreement (Trump Entertainment Resorts Holdings Lp)

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Payments Upon Total Disability. If Executive incurs a Separation for Total Disability, then the terms and provisions of the Company benefit plans and the programs (including the Company's Long Term Compensation Plan) that are applicable in the event of such disability of an employee shall apply in lieu of the salary and benefits under this Agreement except that Executive shall receive a pro rata bonus for current year based on performance of the Company, paid in the following year when bonuses are normally distributed. If Executive becomes disabled during the Salary Continuation Period, he will not be eligible for benefits under the Company's Long Term Disability Plan and will be entitled only to the salary and benefits described in Paragraph 2(c7(c) below for the periods set forth in those respective paragraphs.

Appears in 1 contract

Samples: Employment Agreement (Trump Entertainment Resorts Holdings Lp)

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