Common use of Salary Continuation During Disability Clause in Contracts

Salary Continuation During Disability. If Employee for any reason whatsoever becomes permanently disabled, so that he is unable to perform his duties hereunder, Ontro agrees to pay Employee his annual salary, payable in the same manner for the remainder of the employment term less any amounts received by Employee under any employer, group disability, or similar insurance plan provided by Ontro.

Appears in 2 contracts

Samples: Employment Agreement (Ontro Inc), Employment Agreement (Ontro Inc)

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Salary Continuation During Disability. If the Employee for any reason whatsoever becomes permanently disabled, disabled so that he is unable to perform his the duties hereunderprescribed in this Agreement, Ontro the Employer agrees to pay the Employee his 75% of the Employee's annual salary, payable in the same manner as provided for the payment of salary, for the remainder of the then current employment term less any amounts received by Employee under any employer, group disability, or similar insurance plan Term provided by Ontrofor in this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Pyramid Oil Co), Employment Agreement (Pyramid Oil Co)

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