Supplemental Disability Benefits. During the Employment Term, the Company will pay for the applicable premiums for the Executive’s coverage under its existing supplemental disability policy.
Supplemental Disability Benefits. In the event of Disability of Executive (as hereinafter defined), the majority of Titan’s Board of Directors as then constituted, at its election and upon 30 days written notice to Executive, may terminate the employment of Executive under this Agreement effective as of the last day of the month within which the end of such 30-day period occurs (the “Disability Termination Date”). For purposes of this Agreement the term “Disability” shall mean the inability of Executive to engage in his regular occupation as a senior executive officer of a corporation generally comparable to Titan at a level of compensation commensurate with his education, training and experience for a substantially continue period which has extended or will foreseeable extend beyond six months in duration as a result of sickness, bodily injury, or mental or emotional disease or disorder of any type, excluding attempted suicide or intentionally self-inflicted injury. Upon termination of the employment of Executive by reason of Disability, the liabilities of Titan will be as follows:
Supplemental Disability Benefits. As soon as practicable following the Effective Date, the Company will adopt, and Executive will be eligible to receive benefits under a supplemental disability benefit plan (the “Supplemental Disability Plan”) that will supplement the benefits provided under the Company’s existing disability benefit plan. The Company will pay the applicable premiums for Executive’s coverage under the Supplemental Disability Plan for the duration of the Employment Term. The Supplemental Disability Plan will increase the maximum aggregate potential monthly disability benefit available to Executive under both plans to the lesser of (i) 65% of Executive’s monthly Base Salary amount, or (ii) $25,000. Executive shall be responsible for all taxes resulting from any receipt of benefits under the Supplemental Disability Plan.
Supplemental Disability Benefits. In the event of Disability of the Executive, the majority of Titan's Board of Directors as then constituted, at its election and upon thirty (30) days written notice to Executive, may terminate the employment of Executive under this Agreement effective as of the last day of the month within which the end of such 30-day period occurs (the "Disability Termination Date"). For purposes of this Agreement the term "Disability" shall mean the inability of Executive to perform his duties and responsibilities as contemplated by this Agreement as a senior executive officer and for a continuous period of time which has extended or will foreseeably extend, in duration, beyond six (6) months from its commencement as a result of sickness, bodily injury, or mental or emotional disease, impairment or disorder of any type, excluding attempted suicide or intentionally self-inflicted injury. Upon termination of Executive’s employment by reason of Disability, as aforesaid, Titan’s obligations will be as follows:
Supplemental Disability Benefits. If the Employee becomes disabled during his employment as an officer of the Company, he will receive benefits under the Long Term Disability Plan of Houston Industries Incorporated as if the term “total disability” under said Plan was defined as an illness or injury which prevents him from performing the duties of an officer of the Company.
Supplemental Disability Benefits. If, prior to the Participant’s Entitlement Date, the Participant terminates as an employee of the Company on account of a Disability, the Company shall pay the Participant the Supplemental Retirement Benefit as described in paragraph “(a)” of this Section 2, multiplied by the percentage represented by 1.00 minus the product of 0.05 times a whole number equal to the positive difference between sixty-five (65) and the Participant’s age when the Participant terminates on account of a Disability. To illustrate using the case in which termination on account of a Disability occurs: when the Participant is age sixty-one (61), the positive difference between sixty-five (65) and sixty-one (61) is four (4), and 0.05 times 4 is 0.20. The percentage represented by 1.00 minus 0.20 is eighty percent (80%), and according to paragraph “(a)” of this Section 2, eighty percent (80%) of the Supplemental Retirement Benefit or forty-six percent (46%) of the Participant’s Base Salary for the calendar year of the Participant’s termination. This benefit shall commence as soon as practicable after, the Participant’s termination as an employee of the Company on account of a Disability and shall be paid monthly each year until the Participant’s death, except that if the Participant dies prior to receiving payments for fourteen (14) full years, the Participant’s Beneficiary shall receive payments in the same manner as the Participant until fourteen (14) years of complete payments have been made.
Supplemental Disability Benefits. In the event of Disability of Executive (as hereinafter defined), the majority of Titan's Board of Directors as then constituted, at its election and upon 30 days written notice to Executive, may terminate the employment of Executive under this Agreement effective as of the last day of the month within which the end of such 30-day period occurs (the "Disability Termination Date"). For purposes of this Agreement the term "Disability" shall mean the inability of Executive to engage in his regular occupation as
Supplemental Disability Benefits. All employees sustaining a disabling injury arising out of and during the course of his/her employment and entitled to compensation under the Workers’ Compensation Act may receive, for the duration of such compensation and while sick leave credits are available, that portion of his/her regular wages or salary in the form of sick leave benefits, which together with said compensation, will equal his/her regular pay. At no time, however, may an employee receive more than his/her regular wages or salary as a result of combined Workers’ Compensation or sick leave payment. In order to maintain regular earnings to the highest degree possible, sick leave may be paid up to the extent of available credit until payment under Workers’ Compensation Act begins.
Supplemental Disability Benefits. Effective July 1, 1968, each Employer shall contribute five cents (5c) per straight time hour to the Supplemental Disability Fund of the Southern California Meat Cutters Unions and Food Employers Benefit Fund, as provided in Section IV, sub-paragraphs (f) and (g), for the purpose of providing supplemental disability benefits beginning with the first (1st) week of absence for eligible employees under the pres ent benefit formula and consistent with the regulations concerning the payment of sick leave benefits already in effect under Article 11 and Paragraph E of Article 24 of the contracts with Local Unions No. 421, 439, 551, 556 and 587. The coverage to be provided shall be determined by the Trustees of the Fund and limited to such benefits as can be provided by the contributions provided for herein except that benefits shall not exceed 80% of the weekly straight time earnings for disabled employees who receive benefits under the State Disability or Work men’s Compensation laws, (including benefits from the State) for the duration of such bene fits. The Trustees of the Fund shall adopt rules and regulations in addition to the eligibility requirements of the State program to prevent excessive drain on the Fund. Effective July 1, 1969, each Employer shall contribute an additional seven and one-half cents (.7V2C) per straight time hour to the Sup plemental Disability Benefit Fund of the South ern California Meat Cutters Unions and Food Employers Benefit Fund for the purpose of converting unused sick leave benefits to cash payments for employees on their second (2nd) and succeeding anniversary dates falling on or after November 1, 1969. In the event the above Employer contribution is found to be in excess of the amount required to provide such con version, the Trustees are directed to reduce Employer contributions to a level which is de termined by sound actuarial principles and to credit the Employer with whatever amounts have been contributed in excess of those required. On the other hand, if the above con tribution is insufficient to provide such con version, the Trustees are directed to increase Employer contributions in the amount neces sary. The Trustees of the Fund shall adopt rules and regulations to prevent excessive drain on the Fund. The Trustees are authorized and directed to establish reserves under this program based on long term actuarial determinations and are further authorized and directed to invest such reserve funds with necessary...
Supplemental Disability Benefits. Upon an Initial Public Offering (if any), the Company will pay for the applicable premiums for the Executive’s coverage under his existing supplemental disability policy for the remaining duration of the Employment Term, up to $7,000 per year. The Executive shall be responsible for all taxes resulting from any receipt of such benefits.
