Salary Continuation During Disability. If Executive for any reason (except as expressly provided below) becomes temporarily or permanently disabled so that he is unable to perform the duties under this Agreement, Bancorp and Bank agree to pay Executive in accordance with the Allocation, the base salary otherwise payable to Executive pursuant to paragraph 9 of this Agreement reduced by the amounts received by Executive from state disability insurance, or worker's compensation or other similar insurance benefits through policies provided by Bancorp or Bank, for a period of six (6) months from the date of disability.
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Samples: Employment Agreement (Service 1st Bancorp), Employment Agreement (Service 1st Bancorp), Employment Agreement (Service 1st Bancorp)
Salary Continuation During Disability. If Executive for any reason (except as expressly provided below) becomes temporarily or permanently disabled so that he is unable to perform the duties under this Agreement, Bancorp and Bank agree agrees to pay Executive in accordance with the Allocation, the base salary otherwise payable to Executive pursuant to paragraph 9 of this Agreement reduced by the amounts received by Executive from state disability insurance, or worker's compensation or other similar insurance benefits through policies provided by Bancorp or Bank, for a period of six (6) months from the date of disability.
Appears in 2 contracts
Samples: Employment Agreement (Service 1st Bancorp), Employment Agreement (Service 1st Bancorp)
Salary Continuation During Disability. If Executive for any reason (except as expressly provided below) becomes temporarily or permanently disabled so that he she is unable to perform the duties under this Agreement, Bancorp and Bank agree agrees to pay Executive in accordance with the Allocation, the base salary otherwise payable to Executive pursuant to paragraph 9 of this Agreement reduced by the amounts received by Executive from state disability insurance, or worker's compensation or other similar insurance benefits through policies provided by Bancorp or Bank, for a period of six (6) months from the date of disability.
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