Disability Payments Sample Clauses

Disability Payments. If during the term of employment and prior to the delivery of any notice of termination without cause, you become physically or mentally disabled, whether totally or partially, so that you are prevented from performing your usual duties for a period of six consecutive months, or for shorter periods aggregating six months in any twelve-month period, the Company shall, nevertheless, continue to pay your full compensation through the last day of the sixth consecutive month of disability or the date on which the shorter periods of disability shall have equaled a total of six months in any twelve-month period (such last day or date being referred to herein as the “Disability Date”), subject to Section 11.17. If you have not resumed your usual duties on or prior to the Disability Date, the Company shall pay you a pro rata Bonus (based on your Average Annual Bonus) for the year in which the Disability Date occurs and thereafter shall pay you disability benefits for the period ending on the later of (i) the Term Date or (ii) the date which is twelve months after the Disability Date (in the case of either (i) or (ii), the “Disability Period”), in an annual amount equal to 75% of (a) your Base Salary at the time you become disabled and (b) the Average Annual Bonus, in each case, subject to Section 11.17.
Disability Payments. If at any time during the term of employment the Associate shall be temporarily or permanently unable to perform his duties hereunder due to a physical or mental condition that prevents Associate from performing his duties hereunder, the Associate shall nonetheless be entitled to receive, for a period not to exceed six (6) months from the date of commencement of such disability, any compensation that the Associate would otherwise be entitled to pursuant to §4(a), above, during the period of such disability, subject to the limitations below. Provided, however, that Associate’s disability be documented by a competent licensed physician selected to examine the Associate at the request of the disinterested Board of Directors, which examination expense shall be borne by the Company. In the event said disability shall continue for a period greater than six (6) months, the Associate shall no longer be entitled to receive any compensation during the remaining period of such disability. In the event the Associate is entitled during this six (6) month period to payments under any disability policy, the Company’s obligation shall only be to supplement such payments to bring the total amount Associate receives to an amount equal to his base salary pursuant to §4(a).
Disability Payments. In the event that Company shall obtain or procure any disability or similar insurance which makes payments to Executive (“Disability Payments”) on account of Executive being unable to perform his duties and obligations to Company by reason of illness, injury or incapacity, the aggregate amount of such Disability Payments shall constitute a credit on a dollar for dollar basis against all amounts, including without limitation Base Salary, owing by Company to Executive and shall decrease on a dollar for dollar basis such amounts owing by Company, and Company shall be released to such extent. Nothing contained in this Section shall impose any duty or obligation upon Company to obtain any such insurance.
Disability Payments. Executive’s eligibility for compensation from the Company based on disability is governed by subsections 6(f) and 7(e) of this Agreement.
Disability Payments. If during the Term and prior to the delivery of any notice of termination of employment pursuant to Section 4, you become physically or mentally disabled, whether totally or partially, so that you are unable to engage in substantial gainful activity by reason of any medically determinable physical or mental impairment, which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, the Company shall, nevertheless, continue to pay your full compensation (including Bonus) through the last day of the sixth consecutive month of disability or the date on which any shorter periods of disability shall have equaled a total of six months in any twelve-month period (such last day or date being referred to herein as the “Disability Date”), in lieu of or offset by any payments received by you from Worker’s Compensation insurance, Social Security, and short- or long-term disability insurance benefits maintained by the Company; provided that, if you die prior to the Disability Date, you are not entitled to any further payments after such date, except as provided in Section 6 below. If you have not resumed your usual duties on or prior to the Disability Date, the Company shall terminate your employment effective as of the Disability Date and pay you a pro rata Bonus based on actual achievement of the performance criteria established for the Company, provided that your individual performance score shall be equal to the Company’s performance score, for the year in which the Disability Date occurs. Thereafter the Company shall pay you disability benefits for a period of time equal to the Severance Period defined in Section 4.2.2 (the “Disability Period”), in an annual amount equal to 75% of your Base Salary and Target Bonus in effect as of the Disability Date. All payments pursuant to this Section 5.1 shall be made at the times specified in Section 4.5 (Payments).
Disability Payments. If Employee incurs a Disability, the Company may terminate Employee's employment hereunder by delivering a Notice of Termination to Employee; provided, however, in such event the Company shall continue to pay to Employee, through the remainder of the Term (as determined without regard to its earlier termination upon Employee's termination due to Disability under this Section 4.4 and, if the Termination Date is on or after the second anniversary of the Effective Date, without any extension of the Term under Section 2.2 after such Termination Date) or until Employee's death, if earlier, at such regularly scheduled times:
Disability Payments. Upon the disability of the Executive, the Employer will pay the Executive (i) his Salary for the lesser of (A) 90 days and (B) the date on which disability insurance benefits commence under the disability insurance coverage furnished by the Employer to the Executive or under any state disability program, and (ii) if the Executive qualifies for such disability insurance benefits, for a period of up to 180 days, the difference between (A) the Executive's Salary at the time the disability is deemed to have occurred under Section 5.2, and (B) the insurance benefits under such disability insurance coverage or state disability program, provided that the period in which the Employer is required to make payments under subsections (i) and (ii) shall not in the aggregate exceed 180 days in any 12-month period.
Disability Payments. Until the expiration of the six (6) month period of disability, Employee shall be entitled to receive his regularly established salary and bonus, less any monthly disability income insurance payments.
Disability Payments. The Annuitant may withdraw the property of the Fund as a lump sum payment or series of payments where a physician certifies in writing to the financial institution that is a party to the contract that the Annuitant suffers from a significant physical or mental disability that considerably reduces the Annuitant’s life expectancy. The payment or payments may only be made after the Trustee receives a waiver from the Spouse in the form and manner required by Pension Legislation.
Disability Payments. Employer shall pay to Employee all Severance Compensation as prescribed in Section 2.03 of this Agreement in the event that the Employee shall become disabled due to injury or sickness. The term "disability" as used in this Section 3.02 means the inability, because of injury or sickness, to perform the substantial and material duties of the Employee's regular occupation, while under the regular care of a licensed physician, and while not gainfully employed in any occupation reasonably consistent with the Employee's education, training and experience.