Benefits Payable. The amount of monthly benefits payable by the Company to the Executive during a total long term disability of the Executive shall be 66-2/3% of the amount, if any, by which the actual monthly salary he was receiving immediately prior to the commencement of his disability exceeds his maximum monthly salary as heretofore defined, provided, however, that if such actual monthly salary exceeds $12,500, then the amount of such benefits payable by the Company to the Executive shall be limited to 66-2/3% of the amount by which $12,500 exceeds his maximum monthly salary.
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Samples: Employment Agreement (Zenith Electronics Corp), Employment Agreement (Zenith Electronics Corp), Employment Agreement (Zenith Electronics Corp)
Benefits Payable. The amount of monthly benefits payable by the ---------------- Company to the Executive during a total long term disability of the Executive shall be 66-2/3% of the amount, if any, by which the actual monthly salary he was receiving immediately prior to the commencement of his disability exceeds his maximum monthly salary as heretofore defined, provided, however, that if such actual monthly salary exceeds $12,500, then the amount of such benefits payable by the Company to the Executive shall be limited to 66-2/3% of the amount by which $12,500 exceeds his maximum monthly salary.
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