Common use of Salary and Benefit Continuation Clause in Contracts

Salary and Benefit Continuation. The Company shall continue to pay to Employee all compensation and all benefits set forth in Sections 3(a), 3(c)(i), (ii), (iv), (v) and (vi), from the date Employee is declared permanently and totally disabled and unable to perform the duties required under the Agreement, until the date on which Employee commences to receive benefits under the long-term disability plan provided pursuant to Section 3(c)(iii). Following commencement of the payment of benefits under Section 3(c)(iii), the Company will pay to Employee fifty percent (50%) of Employee s annual base salary as set forth in Section 3(a) for an additional thirty-six (36) consecutive months, regardless of the then-remaining term of Employee s employment under the Agreement. Furthermore, in the event of such disability: (i) the benefits described in Sections 3(c)(ii) and 3(c)(iv) will continue as if Employee had continued to render services pursuant to the Agreement and shall remain in effect for a minimum of thirty-six (36) calendar months after the date of any such disability; (ii) the benefits described in Section 3(c)(v) will continue to the extent that any portion of the allowance for professional fees and clubs

Salary and Benefit Continuation. The Company shall continue to pay to Employee all compensation and all benefits set forth in Sections 3(a), 3(c)(i), (ii), (iv), and (v) and (vi), from the date Employee is declared permanently and totally disabled and unable to perform the duties required under the Agreement, until the date on which Employee commences to receive benefits under the long-term disability plan provided pursuant to Section 3(c)(iii). Following commencement of the payment of benefits under Section 3(c)(iii), the Company will pay to Employee fifty percent (50%) of Employee s annual base salary as set forth in Section 3(a) for an additional thirty-six (36) consecutive months, regardless of the then-remaining term of Employee s employment under the Agreement. Furthermore, in the event of such disability: (i) the benefits described in Sections 3(c)(ii) and 3(c)(iv) will continue as if Employee had continued to render services pursuant to the Agreement and shall remain in effect for a minimum of thirty-six (36) calendar months after the date of any such disability;; and (ii) the benefits described in Section 3(c)(v) will continue to the extent that any portion of the allowance for professional fees and clubsclubs set forth in such Section 3(c)(v) remains unused for the calendar year in which such disability occurs and the Company shall not be entitled to reimbursement of any such allowance paid prior to the disability. To the extent the Company may not continue the benefits described in this Section 3(d) after termination of employment for legal or insurance underwriting reasons, the Company shall provide

Salary and Benefit Continuation. The Company shall continue to pay to Employee all compensation and all benefits set forth in Sections 3(a), 3(c)(i), (ii), (iv), (v) and (vi), from the date Employee is declared permanently and totally disabled and unable to perform the duties required under the Agreement, until the date on which Employee commences to receive benefits under the long-term disability plan provided pursuant to Section 3(c)(iii). Following commencement of the payment of benefits under Section 3(c)(iii), the Company will pay to Employee fifty percent (50%) of Employee s Employee's annual base salary as set forth in Section 3(a) for an additional thirty-six (36) consecutive months, regardless of the then-remaining term of Employee s Employee's employment under the Agreement. Furthermore, in the event of such disability: (i) the benefits described in Sections 3(c)(ii) and 3(c)(iv) will continue as if Employee had continued to render services pursuant to the Agreement and shall remain in effect for a minimum of thirty-six (36) calendar months after the date of any such disability; (ii) the benefits described in Section 3(c)(v) will continue to the extent that any portion of the allowance for professional fees and clubsclubs set forth in such Section 3(c)(v) remains unused for the calendar year in which such disability occurs and the Company shall not be entitled to reimbursement of any such allowance paid prior to the disability. To the extent the Company may not continue the benefits described in this Section 3(d) after termination of employment for legal or insurance underwriting

Salary and Benefit Continuation. The Company shall continue to pay to Employee all compensation and all benefits set forth in Sections 3(a), 3(c)(i), (ii), (iv), (v) and (vivii), from the date Employee is declared permanently and totally disabled and unable to perform the duties required under the Agreement, until the date on which Employee commences to receive benefits under the long-term disability plan provided pursuant to Section 3(c)(iii). Following commencement of the payment of benefits under Section 3(c)(iii), the Company will pay to Employee fifty percent (50%) of Employee s annual base salary as set forth in Section 3(a) for an additional thirty-six (36) consecutive months, regardless of the then-remaining term of Employee s employment under the Agreement. Furthermore, in the event of such disability: (i) the benefits described in Sections 3(c)(ii) and 3(c)(iv) will continue as if Employee had continued to render services pursuant to the Agreement and shall remain in effect for a minimum of thirty-six (36) calendar months after the date of any such disability; (ii) the benefits described in Section 3(c)(v) will continue to the extent that any portion of the allowance for professional fees and clubsclubs set forth in such Section 3(c)(v) remains unused for the calendar year in which such disability occurs and the Company shall not be entitled to reimbursement of any such allowance paid prior to the disability.