Common use of Disability Leave of Absence Clause in Contracts

Disability Leave of Absence. If the Executive shall become disabled within the meaning of the long-term disability plan of the Company and prior to retirement, the Executive shall be considered to be continuing in employment as an executive for as long as such disability exists, but not after age sixty-five. The Company may grant the Executive one or more leaves of absence during which time the Executive shall be considered to be in the employ of the Company for purposes of this Agreement.

Appears in 9 contracts

Samples: Supplemental Retirement Plan (Green Mountain Power Corp), Supplemental Retirement Plan (Green Mountain Power Corp), Supplemental Retirement Plan (Green Mountain Power Corp)

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Disability Leave of Absence. If the Executive shall become disabled within the meaning of the long-term disability plan of the Company and prior to retirementtermination of employment with the Company, the Executive shall be considered to be continuing in employment as an executive for as long as such disability exists, but not after age sixty-five. The Company may grant five and the Executive one or more leaves of absence during which time Executive's salary as referred to on the Executive Summary Schedule shall be considered deemed to be in the employ Executive's annual base compensation on the date of onset of the Company for purposes of this Agreementdisability.

Appears in 3 contracts

Samples: Green Mountain Power Corp, Green Mountain Power Corp, Green Mountain Power Corp

Disability Leave of Absence. If the Executive shall become disabled within the meaning of the long-term disability plan of the Company and prior to retirementtermination of employment with the Company, the Executive shall be considered to be continuing in employment as an executive for as long as a such disability exists, but not after age sixty-five. The Company may grant December 31, 2005, and the Executive one or more leaves of absence during which time Executive’s salary as referred to on the Executive Summary Schedule shall be considered deemed to be in the employ Executive’s annual base compensation on the date of onset of the Company for purposes of this Agreementdisability.

Appears in 2 contracts

Samples: Supplemental Retirement Plan (Green Mountain Power Corp), Supplemental Retirement Plan (Green Mountain Power Corp)

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Disability Leave of Absence. If the Executive shall become disabled within the meaning of the long-term disability plan of the Company and prior to retirementtermination of employment with the Company, the Executive shall be considered to be continuing in employment as an executive for as long as such disability exists, but not after age sixty-five. The Company may grant five and the Executive one or more leaves of absence during which time Executive's salary as referred to on the Executive Summary Schedule shall be considered deemed to be in the employ Executive's annual base compensation on the date of onset of the Company for purposes of this Agreementdisability. 6.

Appears in 1 contract

Samples: Green Mountain Power Corp

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