Common use of Disability and Death Clause in Contracts

Disability and Death. A. If the Employee has a "Disability", (as hereinafter defined) the Company shall continue his compensation for a period of two years, (104) weeks from the date of Disability, but shall thereafter not be required to pay compensation so long as such Disability continues. If the Employee shall not have resumed his duties within twenty-four (24) months of the date of Disability, the Employee's employment hereunder shall thereafter be deemed terminated. Upon termination pursuant to this Section, the Company shall pay to Employee's deferred compensation five (5) times the annual compensation of the Employee as of the date of Disability, such payment to be made by the Company in sixty (60) monthly installments. For the purposes of this Agreement, the Employee shall be deemed disabled when, by reason of physical or mental illness or injury, he is unable to perform the duties required of him in connection with the business of the Company for an aggregate of fifty-two (52) weeks during any one hundred four (104) week period.