Common use of Secondary Disability Benefits Clause in Contracts

Secondary Disability Benefits. In the event that Frontier elects ----------------------------- to terminate this Agreement pursuant to Section 7(a), then in lieu of any other benefits the Executive would have been entitled to hereunder, Frontier shall pay, or cause Bank to pay, to the Executive a monthly disability benefit equal to seventy (70) percent of his monthly salary at the time he became disabled. Payment of such disability benefit shall commence on the last day of the month following the month for which the final payment under paragraph 7(a) was made and cease with the earlier of (i) the payment for the month in which the Executive dies or (ii) the payment for the month preceding the month in which the Executive attains age 65.

Secondary Disability Benefits. In the event that Frontier elects to ----------------------------- to terminate this Agreement pursuant to Section 7(a), then in lieu of any other benefits the Executive would have been entitled to hereunder, Frontier shall pay, or cause Bank to pay, to the Executive a monthly disability benefit equal to seventy (70) percent of his monthly salary at the time he became disabled. Payment of such disability benefit shall commence on the last day of the month following the month for which the final payment under paragraph 7(a) was made and cease with the earlier of (i) the payment for the month in which the Executive dies or (ii) the payment for the month preceding the month in which the Executive attains age 65.