Common use of Offset Payments Clause in Contracts

Offset Payments. The Company’s obligation to continue the Executive’s cash compensation from the date of a Total Disability to the Disability Termination Date shall be reduced by (a) all amounts paid to Executive under disability income insurance policies made available to the Executive by the Company and (b) by all amounts received by the Executive from Social Security disability benefits.

Appears in 9 contracts

Samples: Employment Agreement (Leggett & Platt Inc), Employment Agreement (Leggett & Platt Inc), Employment Agreement (Leggett & Platt Inc)

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Offset Payments. The Company’s 's obligation to continue the Executive’s 's cash compensation from the date of a Total Disability to the Disability Termination Date shall be reduced by (a) all amounts paid to Executive under disability income insurance policies made available to the Executive by the Company and (b) by all amounts received by the Executive from Social Security disability benefits.

Appears in 3 contracts

Samples: Employment Agreement (Leggett & Platt Inc), Employment Agreement (Leggett & Platt Inc), Severance Benefit Agreement (Leggett & Platt Inc)

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