Common use of Disability Payments Clause in Contracts

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).

Appears in 6 contracts

Samples: Employment Agreement (Pinnacle Data Systems Inc), Employment Agreement (Pinnacle Data Systems Inc), Employment Agreement (Pinnacle Data Systems Inc)

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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 the 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 the 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).

Appears in 1 contract

Samples: Employment Agreement (Pinnacle Data Systems Inc)

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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 the 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).

Appears in 1 contract

Samples: Employment Agreement (Pinnacle Data Systems Inc)

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