Disability Termination Benefits. Upon the termination of Karp's employment with txx Xxxporation as a result of "Disability" pursuant to Section 4.1A, the Corporation shall pay to Karp a monthly disabilitx xxnefit equal to one hundred (100%) percent of his Base Salary, at the rate in effect on the "Date of Termination", for a period of one year from and after said date; provided, however, that any amounts payable under this Section 5.1 shall be reduced by any amounts paid to Karp under any other disxxxxity program or policy (other than Social Security) maintained by the Bank or the Corporation. If the amount of such disability insurance payments exceeds the amount otherwise payable under this Section 5.1, Karp may retain the entixx xmount of such disability insurance payments inclusive of the excess, if any. Such payments shall be made by the Corporation to Karp, or in the event of xxx subsequent death, to his beneficiary or beneficiaries, or his estate, as the case may be, in accordance with the customary payroll practices of the Corporation. During the period Karp is entitled to recexxx payments from the Corporation under this Section 5.1, the Corporation shall maintain or cause to be maintained life and health insurance benefits for Karp at least equivalent xx those he had at the Date of Termination with any amendments and/or alterations subsequently made equitably to all executive officers of the Bank and/or the Corporation. During the period Karp is entitled to recexxx payment from the Corporation under this Section 5.1 he shall not be an agent of the Corporation, and shall not be considered an "employee" of the Corporation except as respects any requirements specifically imposed by law or as may otherwise be required to continue any insurance benefits provided for in this Section 5.1.
Disability Termination Benefits. If the Executive is Disabled for a continuous period of six months, the Employer may terminate the Executive's employment upon 30 days prior written notice to the Executive, and the Employer shall provide the Executive the following "Disability Termination Benefits": (a) the Executive's accrued but unpaid Base Salary through the date of termination, payable in accordance with the Employer's normal payroll practice, (b) the Pro-Rated Severance Payment, payable as provided in Section 3.3(A)(b), subject to Section 3.6, and (c) the Salary and Bonus Payment, payable within 30 days following the date of termination, subject to Section 3.6. For Executives eligible under this Appendix C, the term "Severance Benefits" includes Disability Termination Benefits, subject to the conditions and limitations of the Plan.
