Sick Pay and Disability Sample Clauses

Sick Pay and Disability. The Buyer shall be solely responsible for sick pay and disability (whether long-term or short-term) coverage of all Continuing Employees on and after the Closing, even if the incident or circumstance giving rise to such coverage occurred prior to the Closing, provided the employee is not demonstrated to be in the short-term disability elimination period on the Closing.
Sample 1
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Sick Pay and Disability. The Sellers shall be solely responsible for sick pay and disability (whether long-term or short-term) coverage of U.S. Employees on an approved short or long term disability or workers’ compensation leave of absence as of the Closing Date who do not become Transferred U.S. Employees. The Buyer shall be solely responsible for sick pay and disability (whether long-term or short-term) coverage of all Transferred Employees on and after the date that such employees commence active employment with the Buyer and its Affiliates.
Sample 1
Sick Pay and Disability. Notwithstanding anything herein to the contrary, the Buyer shall be solely responsible for sick pay and disability (whether long-term or short-term) coverage of all Transferred U.S. Employees and Transferred Canadian Employees on and after the Closing Date, even if the incident or circumstance giving rise to such coverage occurred prior to the Closing Date; provided, however, that the Transferred U.S. Employees and Transferred Canadian Employees shall continue, at no expense to the Buyer and its Affiliates, to be eligible for long-term disability coverage under the long-term disability plan maintained by the Company in accordance with the terms thereof provided that the disability occurred prior to the Closing Date.
Sample 1
Sick Pay and Disability. The Asset Seller of the US Asset Class shall be solely responsible for sick pay and disability (whether long-term or short-term) coverage of U.S. Leave Employees who do not become Transferred Employees because they do not return to active employment within six months following the Initial Closing Date.
Sample 1
Sick Pay and Disability. Purchaser shall be solely responsible for sick pay and disability (whether long-term or short-term) coverage of all Continuing U.S. Employees on and after the Closing Date, even if the incident or circumstance giving rise to such coverage occurred prior to the Closing Date unless the disability claim was filed and approved pursuant to a Benefit Plan sponsored by Seller Parent or its affiliate that is not an Assumed Plan, and such Continuing Employee is on short- or long-term disability prior to the Closing, in which case Seller Parent shall be responsible for administration of such claim, and Purchaser shall not be obligated to treat such individual as a Continuing Employee until such individual is able to return to work subject to (b).
Sample 1

Related to Sick Pay and Disability

  • Death and Disability (a) The Employment Term shall terminate on the date of Employee's death, in which event Employee's Salary, reimbursable expenses and benefits owing to Employee through the date of Employee's death shall be paid to his estate. Employee's estate will not be entitled to any other compensation upon termination of this Agreement pursuant to this subparagraph 8(a).

  • For death and disability The Company may also terminate the Employment, at any time, without notice or remuneration (unless notice or remuneration is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law), if:

  • Death and Disability Benefits (a) In the event the Executive’s employment with the Bank terminates during the Employment Period because of the Executive’s death, then the Bank shall pay to the Executive’s estate the benefits listed in sections 9(b)(i) and 9(b)(ii) of this Agreement.

  • Life and Disability Insurance The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

  • Long-Term Disability The Executive shall be entitled to participate in all Long-Term and Life Time Disability plans which other senior executives of the Company or affiliates of the Company are eligible.

  • By Disability If Executive becomes eligible for the Company’s long term disability benefits or if, in the sole opinion of the Company, Executive is unable to carry out the responsibilities and functions of the position held by Executive by reason of any physical or mental impairment for more than ninety consecutive days or more than one hundred and twenty days in any twelve-month period, then, to the extent permitted by law, the Company may terminate Executive’s employment. The Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this Section shall affect Executive’s rights under any disability plan in which Executive is a participant.

  • Disability; Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Disability If the Executive's employment is terminated by reason of the Executive's Disability during the Employment Period, this Agreement shall terminate without further obligations to the Executive, other than for payment of Accrued Obligations and the timely payment or provision of Other Benefits. Accrued Obligations shall be paid to the Executive in a lump sum in cash within 30 days of the Date of Termination. With respect to the provision of Other Benefits, the term Other Benefits as utilized in this Section 6(c) shall include, and the Executive shall be entitled after the Disability Effective Date to receive, disability and other benefits at least equal to the most favorable of those generally provided by the Company and its affiliated companies to disabled executives and/or their families in accordance with such plans, programs, practices and policies relating to disability, if any, as in effect generally with respect to other peer executives and their families at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive and/or the Executive's family, as in effect at any time thereafter generally with respect to other peer executives of the Company and its affiliated companies and their families.

  • For Disability 9.2 Employee may terminate this Agreement by giving a Notice of Termination to the Company in accordance with this Agreement, at any time, with or without Good Reason.

  • Disability/Disabled For the purpose of this Agreement, an Executive will be considered disabled if:

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