Disability Adjustments Sample Clauses
The Disability Adjustments clause outlines how contractual obligations or benefits are modified if a party becomes disabled. Typically, this clause specifies the procedures for assessing disability, the types of adjustments that may be made—such as extending deadlines, modifying duties, or altering compensation—and the duration for which these adjustments apply. Its core function is to ensure fairness and flexibility by accommodating unforeseen circumstances related to disability, thereby protecting both parties from undue hardship and clarifying expectations in such events.
Disability Adjustments. Any compensation otherwise payable to the Employee pursuant to Section 2.01 during any Disability Period (as that term is hereinafter defined) shall be reduced by any amounts payable to the Employee for loss of earnings or the like under any insurance plan or policy the premiums for which are paid for in their entirety by the Company.
Disability Adjustments. Any compensation otherwise payable to the Employee pursuant to Section 2.01 in respect of any period during which the Employee is disabled (as contemplated in Section 4.03) shall be reduced by any amounts 3 paid to the Employee for loss of earnings or the like under any insurance plan or policy the premiums for which are paid for in their entirety by the Company. In addition, the Employee shall be entitled to participate in, and the Company shall continue to maintain and pay for at its expense, upon the same terms, the life insurance policies specified on Schedule A attached hereto and the disability insurance policies currently provided to him by Video Services Corporation.