Common use of Disability Benefits Clause in Contracts

Disability Benefits. If Executive shall be prevented during the term ------------------- of this Agreement from properly performing services hereunder by reason of illness or other physical or mental incapacity, the Company shall continue to pay Executive his then current salary hereunder during the period of his disability; provided, however, that if Executive is disabled for a continuous period exceeding twelve (12) calendar months, then the Company's obligations hereunder shall cease and terminate.

Appears in 3 contracts

Samples: Employment Agreement (McKesson Hboc Inc), Employment Agreement (McKesson Hboc Inc), Employment Agreement (McKesson Hboc Inc)

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Disability Benefits. If If, during the term of this Agreement, Executive shall be prevented during the term ------------------- of this Agreement from properly performing services hereunder by reason of his illness or other physical or mental incapacity, the Company shall continue to pay Executive his then current salary hereunder during the period of his disability; providedsuch disability or, howeverif less, that if Executive is disabled for a continuous period exceeding twelve of (12) calendar months, then at which time the Company's ’s obligations hereunder shall cease and terminate.

Appears in 3 contracts

Samples: Employment Agreement (McKesson Corp), Employment Agreement (McKesson Corp), Employment Agreement (McKesson Corp)

Disability Benefits. If If, during the term of this Agreement, Executive ------------------- shall be prevented during the term ------------------- of this Agreement from properly performing services hereunder by reason of his illness or other physical or mental incapacity, the Company shall continue to pay Executive his then current salary hereunder during the period of his such disability; providedor, howeverif less, that if Executive is disabled for a continuous period exceeding twelve of (12) calendar months, then at which time the Company's obligations hereunder shall cease and terminate.

Appears in 3 contracts

Samples: Employment Agreement (McKesson Hboc Inc), Employment Agreement (McKesson Hboc Inc), Employment Agreement (McKesson Hboc Inc)

Disability Benefits. If If, during the term of this Agreement, Executive shall be prevented during the term ------------------- of this Agreement from properly performing services hereunder by reason of her illness or other physical or mental incapacity, the Company shall continue to pay Executive his her then current salary hereunder during the period of his such disability; providedor, howeverif less, that if Executive is disabled for a continuous period exceeding twelve of (12) calendar months, then at which time the Company's ’s obligations hereunder shall cease and terminate.

Appears in 2 contracts

Samples: Employment Agreement (McKesson Corp), Employment Agreement (McKesson Corp)

Disability Benefits. If Executive shall be prevented If, during the term ------------------- of this Agreement from properly performing services hereunder by reason of illness Agreement, Executive sustains a disability, as defined in Treasury Regulation section 1.409A-3(i)(4)(i) or other physical or mental incapacity-3(i)(4)(iii), the Company shall continue to pay Executive his then current salary hereunder at the time of the regular payroll schedule during the period of his disability; providedsuch disability or, howeverif less, that if Executive is disabled for a continuous period exceeding of twelve (12) calendar months, then at which time the Company's ’s obligations hereunder shall cease and terminate.

Appears in 1 contract

Samples: Employment Agreement (McKesson Corp)

Disability Benefits. If If, during the term of this Agreement, Executive shall be prevented during the term ------------------- of this Agreement from properly performing services hereunder by reason of his illness or other physical or mental incapacity, the Company shall continue to pay Executive his then current salary hereunder during the period of his such disability; providedor, howeverif less, that if Executive is disabled for a continuous period exceeding twelve of (12) calendar months, then at which time the Company's ’s obligations hereunder shall cease and terminate.

Appears in 1 contract

Samples: Employment Agreement (Ceragenix Pharmaceuticals, Inc.)

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Disability Benefits. If If, during the term of this Agreement, Executive shall be prevented during the term ------------------- of this Agreement from properly performing services hereunder by reason of her illness or other physical or mental incapacity, the Company shall continue to pay Executive his her then current salary hereunder during the period of his disability; providedsuch disability or, howeverif less, that if Executive is disabled for a continuous period exceeding twelve of (12) calendar months, then at which time the Company's ’s obligations hereunder shall cease and terminate.

Appears in 1 contract

Samples: Employment Agreement (McKesson Corp)

Disability Benefits. If Executive shall be prevented If, during the term ------------------- of this Agreement from properly performing services hereunder by reason of illness Agreement, Executive sustains a disability, as defined in Treasury Regulation section 1.409A-3(i)(4)(i) or other physical or mental incapacity-3(i)(4)(iii), the Company shall continue to pay Executive his her then current salary hereunder at the time of the regular payroll schedule during the period of his disability; providedsuch disability or, howeverif less, that if Executive is disabled for a continuous period exceeding of twelve (12) calendar months, then at which time the Company's ’s obligations hereunder shall cease and terminate.

Appears in 1 contract

Samples: Employment Agreement (McKesson Corp)

Disability Benefits. If If, during the term of this Agreement, Executive shall be prevented during the term ------------------- of this Agreement from properly performing services hereunder by reason of his illness or other physical or mental incapacity, the Company shall continue to pay Executive his then current salary hereunder during the period of his such disability; providedor, howeverif less, that if Executive is disabled for a continuous period exceeding twelve of (12) calendar months, then at which time the Company's obligations hereunder shall cease and terminate.

Appears in 1 contract

Samples: Employment Agreement (Onsource Corp)

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