Termination Due to Permanent Disability. In the event that this Agreement is terminated due to the disability of the Executive as described in Section 5(b), the Executive shall receive an amount equal to the Executive’s salary as is in effect at the effective date of termination for a period of six (6) months from the effective date of termination, pursuant to the Company’s normal payroll practices.
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Samples: Employment Agreement, Employment Agreement (Lifetime Brands, Inc), Employment Agreement (Lifetime Brands, Inc)
Termination Due to Permanent Disability. In the event that this Agreement is terminated due to the disability Permanent Disability of the Executive as described in Section 5(b)Executive, the Executive shall receive an amount equal to the Executive’s salary as is in effect at the effective date of termination for a period of six twelve (612) months from the effective date of termination, pursuant to the Company’s normal payroll practices; provided, however, that the such payments by the Company shall be reduced by the amount of any disability insurance payments made to the Executive pursuant to insurance provided under Section 5.02 above.
Appears in 1 contract
Samples: Employment and Non Competition Agreement (Syratech Corp)
Termination Due to Permanent Disability. In the event that --------------------------------------- this Agreement is terminated due to the disability Permanent Disability of the Executive as described in Section 5(b)Executive, the Executive shall receive an amount equal to the Executive’s 's salary as is in effect at the effective date of termination for a period of six twelve (612) months from the effective date of termination, pursuant to the Company’s 's normal payroll practices; provided, however, that the such payments by the Company shall be reduced by the amount of any disability insurance payments made to the Executive pursuant to insurance provided under Section 6.02 above.
Appears in 1 contract
Samples: Executive Employment and Non Competition Agreement (Weigh Tronix LLC)
Termination Due to Permanent Disability. In the event that this Agreement is terminated due to the disability Permanent Disability of the Executive as described in Section 5(b)Executive, the Executive shall receive an amount equal to the Executive’s 's salary as is in effect at the effective date of termination for a period of six twelve (612) months from the effective date of termination, pursuant to the Company’s 's normal payroll practices; provided, however, that the such payments by the Company shall be reduced by the amount of any disability insurance payments made to the Executive pursuant to insurance provided under Section 6.02 above.
Appears in 1 contract
Samples: Executive Employment and Non Competition Agreement (Holmes Products Corp)
Termination Due to Permanent Disability. In the event that this Agreement the Employment Term is terminated due to the disability Total Disability of the Executive as described in Section 5(b), the Executive shall receive an amount equal to the Executive’s salary as is in effect at the effective date of termination for a period of six (6) months from the effective date of termination, pursuant to the Company’s normal payroll practices.
Appears in 1 contract
