Common use of Termination by the Company because of Executive's Total Disability Clause in Contracts

Termination by the Company because of Executive's Total Disability. If the Company terminates Executive's employment hereunder because of Executive's Total Disability, Executive shall be entitled to receive from the Company for the full balance of the Term of this Agreement regular bi-weekly payments equal to 75% of Executive's regular bi-weekly Base Salary payment plus guaranteed bonus. This amount shall be reduced by all benefits provided to Executive under any Company disability plan or plans. Executive agrees to participate in such plan(s) to as full an extent and amount as permitted under such plans.

Appears in 3 contracts

Samples: Employment Agreement (Bell Industries Inc), Employment Agreement (Bell Industries Inc), Employment Agreement (Bell Industries Inc)

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Termination by the Company because of Executive's Total Disability. If the Company terminates Executive's employment hereunder because of -6- 113 Executive's Total Disability, Executive shall be entitled to receive from the Company for the full balance of the Term of this Agreement regular bi-weekly payments equal to 75% of Executive's regular bi-weekly Base Salary payment plus guaranteed bonus. This amount shall be reduced by all benefits provided to Executive under any Company disability plan or plans. Executive agrees to participate in such plan(s) to as full an extent and amount as permitted under such plans.

Appears in 1 contract

Samples: Employment Agreement (Bell Industries Inc)

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