Benefits Payable on Disability. If the Executive becomes disabled from properly performing services hereunder by reason of illness or other physical or mental incapacity, the Company shall continue to pay the Executive his then current salary hereunder for the first six (6) months of such continuous disability commencing with the first date of such disability.
Benefits Payable on Disability. If the Executive becomes disabled from properly performing services hereunder by reason of illness or other physical or mental incapacity, the Company shall continue to pay the Executive his then current salary hereunder for the first twelve (12) months of such continuous disability commencing with the first date of such disability. If the Executive qualifies for coverage, during the term of this Agreement, the Company shall purchase and maintain a policy of Disability Insurance which, after twelve (12) continuous months of disability, will pay up to $10,000 per month of the Executive's salary until Executive reaches the age of 65. The Company has no obligation to supplement or augment disability payments made under any such disability policy or plan or make any other payment in connection with such disability. If the Company is unable to obtain a policy of Disability Insurance, the Company shall pay up to $8,000 per month to the Executive for a twelve (12) month period from the twelfth to the twenty-fourth month from the first date of such disability.
Benefits Payable on Disability. If Executive becomes disabled from properly performing services under this Agreement by reason of illness or other physical or mental incapacity, Company shall continue to pay Executive’s then current base compensation for the first three (3) months of such continuous disability commencing with the first date of such disability. Notwithstanding any other provision in this paragraph number ten (10), Company payments under this clause will be limited to that amount necessary, if any, to combine with any Disability Insurance payments (regardless of source), such as to equal Executives base compensation payments stated in Paragraph number five (5).
Benefits Payable on Disability. If the Employee becomes disabled such that he is unable to properly perform services hereunder by reason of illness or other physical or mental incapacity, the Company shall continue to pay the Employee his then current salary hereunder for the first three (3) months of such continuous disability commencing with the first date of such disability.
Benefits Payable on Disability. In the event of Executive's Disability at any age prior to the commencement of the Annual Retirement Benefit, the Annual Retirement Benefit shall commence immediately and shall continue until the Discontinuation Date. There shall be no reduction in benefits for Executive's age at date of Disability.
Benefits Payable on Disability. If the Executive becomes disabled from properly performing services hereunder by reason of illness or other physical or mental incapacity, the Company shall continue to pay the Executive his then current salary hereunder for the first twelve (12) months of such continuous disability commencing with the first date of such disability. In the event the Company purchases Disability Insurance covering any of its executive officers, and if the Executive qualifies for such coverage, then during the term of this Agreement the Company shall purchase and maintain a policy of Disability Insurance which, after twelve (12) continuous months of disability, will pay up to $10,000 per month of the Executive's salary until Executive reaches the age of 65. The Company has no obligation to supplement or augment disability payments made under any such disability policy or plan or make any other payment in connection with such disability.
Benefits Payable on Disability. If the Executive becomes disabled from properly performing services hereunder by reason of illness or other physical or mental incapacity, the Company shall continue to pay the Executive his then current salary hereunder for the first twelve (12) months of such continuous disability commencing with the first date of such disability. In the event the Company purchases Disability Insurance covering any of its executive officers, and if the Executive qualifies for such coverage, then during the term of this Agreement the Company shall purchase and maintain a policy of Disability Insurance which, after twelve (12) continuous months of disability, will pay up to $7,000 per month of the Executive's salary until Executive reaches the age of 65. The Company has no obligation to supplement or augment disability payments made under any such disability policy or plan or make any other payment in connection with such disability. If the Company is unable to obtain a policy of Disability Insurance, the Company shall pay up to $5,000 per month to the Executive for a twelve (12) month period from the twelfth to the twenty-fourth month from the first date of such disability.
