Common use of Separation Due to Disability Clause in Contracts

Separation Due to Disability. If the Employment Period ---------------------------- is terminated due to Disability, then the Annual Base Salary, prorated annual bonus, medical insurance and disability insurance will be continued until the last day of the six-month period following the termination date due to a Disability; provided, however, that such Annual Base Salary shall be reduced by the amount of any disability income payments made to the Executive during such six-month period from any insurance or other policies provided by the Company; and, provided, further, however, that option vesting as provided in Section ------- 1

Appears in 2 contracts

Samples: Management Agreement (E2enet Inc), Senior Management Agreement (E2enet Inc)

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Separation Due to Disability. If the Employment ---------------------------- Period ---------------------------- is terminated due to Disability, then the Annual Base Salary, prorated annual bonus, medical insurance and disability insurance will be continued until the last day of the six-month period following the termination date due to a Disability; provided, however, that such Annual Base Salary shall be reduced by the amount of any disability income payments made to the Executive during such six-month period from any insurance or other policies provided by the Company; and, provided, further, however, that option vesting as provided in Section ------- 1

Appears in 2 contracts

Samples: Senior Management Agreement (E2enet Inc), Senior Management Agreement (E2enet Inc)

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