Disability Continuation Sample Clauses
The Disability Continuation clause defines how an agreement or contract remains in effect if a party becomes disabled. Typically, this clause outlines the conditions under which obligations continue, are modified, or may be suspended due to a party’s disability, such as specifying timeframes for recovery or alternative arrangements for fulfilling duties. Its core function is to provide clarity and predictability in the event of disability, ensuring that both parties understand their rights and responsibilities and reducing uncertainty or disputes.
Disability Continuation. If the Executive terminates employment due to disability and then dies before recovering from such disability, the Company shall pay to the Executive's designated beneficiary the survivor income benefit described in Article
Disability Continuation. Upon Separation from Service due to Disability, followed by death before recovering from such Disability, the Bank shall pay to the Executive's designated beneficiary the survivor income benefit described in Section 2.1. Notwithstanding the previous sentence, upon the disabled Executive’s gainful employment with an entity other than the Bank, the Bank shall have no further obligation to the disabled Executive, and the disabled Executive’s rights pursuant to the Agreement shall cease.