Common use of Termination Because of Disability Clause in Contracts

Termination Because of Disability. If Employee's employment is terminated by the Company because of Disability under Section 7.2 hereof the Company shall pay Employee an annual disability benefit equal to the excess of (a) 60 percent of his salary at the rate in effect under Section 2.1 hereof on the Termination Date plus 60 percent of the bonus amount specified in Section 2.1 hereof (based upon the bonus paid in respect of the preceding year) over (b) the amount of the long term disability benefit that is payable to Employee under any policy of disability insurance provided for Employee by the Company at its expense. The disability benefit shall be paid for such period as is determined by the Board of Directors for the Company's senior executives but shall not be less than the remainder of the scheduled term of employment.

Termination Because of Disability. If the Employee's employment is terminated by the Company because of Disability under Section 7.2 7(b) hereof the Company shall pay the Employee an annual disability benefit equal to the excess of (al) 60 percent of his salary at the rate in effect under Section 2.1 2(a) hereof on the Termination Date plus 60 percent of the bonus amount specified in Section 2.1 2(b) hereof (based upon the bonus paid in respect of the preceding year) over (b2) the amount of the long term disability benefit that is payable to the Employee under any policy of disability insurance provided for the Employee by the Company at its expense. The disability benefit shall be paid for such period as is determined by the Board of Directors for the Company's senior executives but shall not be less than the remainder of the scheduled term of employment.

Termination Because of Disability. If Employee's employment is terminated by the Company because of Disability disability under Section 7.2 hereof hereof, the Company shall pay Employee an annual disability benefit equal to the excess of (a) 60 sixty percent of his salary Salary at the rate in effect under Section 2.1 hereof on the Termination Date plus 60 percent of the bonus amount specified in Section 2.1 hereof (based upon the bonus paid in respect of the preceding year) over (b) the amount of the long term disability benefit that is payable to Employee under any policy of disability insurance provided for Employee by the Company at its expense. The disability benefit shall be paid for such period as is determined by the Board of Directors for the Company's senior executives but shall not be less than the remainder of the scheduled term of employment.

Termination Because of Disability. If the Employee's employment is terminated by the Company because of Disability under Section 7.2 7(b) hereof the Company shall pay the Employee an annual disability benefit equal to the excess of (a1) 60 percent of his salary at the rate in effect under Section 2.1 2(a) hereof on the Termination Date plus 60 percent of the bonus amount specified in Section 2.1 2(b) hereof (based upon the bonus paid in respect of the preceding year) over (b2) the amount of the long term disability benefit that is payable to the Employee under any policy of disability insurance provided for the Employee by the Company at its expense. The disability benefit shall be paid for such period as is determined by the Board of Directors for the Company's senior executives but shall not be less than the remainder of the scheduled term of employment.