Common use of Sick-Leave Benefits and Disability Insurance Clause in Contracts

Sick-Leave Benefits and Disability Insurance. Unless this Agreement is terminated pursuant to the provisions of Section 2.2(b) hereof, Employee shall be paid sick leave benefits at his then prevailing Salary rate during his absence due to illness or other incapacity, reduced by the amount, if any, of worker's compensation, social security entitlements or disability benefits, if any, under the Company's group disability insurance plan. The Company, at its own expense, shall provide Employee with the maximum amount of disability insurance benefits allowed for one in the position of Employee with the Company under and consistent with any group disability insurance plan which the Company, at its election, may adopt. Notwithstanding anything herein to the contrary, Employee's sick leave days shall not exceed the number of sick leave days provided to employees of similar tenure and position in the Company as provided in the Company's policy manual, if any.

Appears in 5 contracts

Samples: Employment Agreement (Aviation Group Inc), Employment Agreement (Aviation Group Inc), Employment Agreement (Aviation Group Inc)

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Sick-Leave Benefits and Disability Insurance. Unless this Agreement is terminated pursuant to the provisions of Section 2.2(b) hereof, Employee shall be paid sick leave benefits at his then prevailing Salary rate during his absence due to illness or other incapacity, reduced by the amount, if any, of worker's compensation, social security entitlements entitlement or disability benefits, if any, under the Company's group disability insurance plan. The Company, at its own expense, shall provide Employee with the maximum amount of disability insurance benefits allowed for one in the position of Employee with the Company under and consistent with any group disability insurance plan which the Company, at its election, may adopt. Notwithstanding anything herein to the contrary, Employee's sick leave days shall not exceed the number of sick leave days provided to employees of similar tenure and position in the Company as provided in the Company's policy manual, if any.

Appears in 2 contracts

Samples: Employment Agreement (Aviation Group Inc), Employment Agreement (Aviation Group Inc)

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Sick-Leave Benefits and Disability Insurance. Unless this -------------------------------------------- Agreement is terminated pursuant to the provisions of Section 2.2(b) hereof, Employee shall be paid sick leave benefits at his then prevailing Salary rate during his absence due to illness or other incapacity, reduced by the amount, if any, of worker's compensation, social security entitlements entitlement or disability benefits, if any, under the Company's group disability insurance plan. The Company, at its own expense, shall provide Employee with the maximum amount of disability insurance benefits allowed for one in the position of Employee with the Company under and consistent with any group disability insurance plan which the Company, at its election, may adopt. Notwithstanding anything herein to the contrary, Employee's sick leave days shall not exceed the number of sick leave days provided to employees of similar tenure and position in the Company as provided in the Company's policy manual, if any.

Appears in 1 contract

Samples: Employment Agreement (Aviation Group Inc)

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