On Disability Clause Samples
The "On Disability" clause defines the rights and obligations of parties if one party becomes disabled during the term of an agreement. Typically, it outlines what constitutes a disability, the process for determining disability status, and the resulting effects on the contract, such as suspension of duties, possible replacement, or termination. This clause ensures that both parties understand how disability will impact their contractual relationship, providing a clear procedure to address potential disruptions and minimizing uncertainty or disputes.
On Disability. If the Employee becomes disabled, the Company shall pay the Employee One Hundred Percent (100%) of his base salary until the fifth anniversary of the disability. From the fifth anniversary of the disability through the seventh anniversary of the disability the Company shall pay the Employee Fifty Percent (50%) of his base salary. From the seventh anniversary of his disability through the tenth anniversary of his disability, the Company shall pay Employee Twenty Five (25%) of his base salary.
On Disability. If termination is due to Disability, the Executive shall be entitled to receive, in lieu of any other payments or benefits, any Accrued Obligations, and a pro rata portion of any annual bonus that otherwise would have been payable with respect to the year in which Disability occurs, but based on the ratio of the number of days he worked in such year bears to 365. Such amounts shall be paid promptly in a cash lump sum following the date of Disability and/or following the date the amount of the bonus is determined, as applicable. Executive shall receive such disability benefits as are currently available or may hereinafter be made available pursuant to Section 3(b).
On Disability. In case the employee suffers a disability while in employment, the vested options can be held by the employee and exercised within 3 years from the date of disability or the remaining validity of the options, whichever is earlier. If, on the date of disability, there are any unvested options, the shares covered by the unvested portion shall vest immediately, and need to be exercised within 3 years.
On Disability. If the Employee becomes disabled, the Company shall pay the Employee One Hundred Percent of his base salary until the fourth anniversary of the disability.
On Disability. In the event that the Executive becomes disabled, the Company shall continue the Executive's salary and benefits until such date as the Executive is eligible to apply for benefits pursuant to the Company sponsored long term disability plan ("the Plan"). In the event that the Executive qualifies for benefits pursuant to the Plan, the
On Disability. If the Employee becomes disabled, the Company shall pay the Employee One Hundred Percent (100%) of his base salary, as it existed at the onset of his death, until the fifth anniversary of his disability. From the fifth anniversary of his disability through the seventh anniversary of his disability, the Company shall pay the Employee Fifty Percent (50%) of his base salary, as it existed at the onset of his disability. From the seventh anniversary of his disability through the tenth anniversary of his disability, the Company shall pay the Employee Twenty-five Percent (25%) of his base salary, as it existed at the time of his death. In the event that the Employee dies while receiving salary continuation and benefits under this paragraph, the Company shall pay the Employee’s surviving spouse salary continuation and benefits pursuant to the terms of Paragraph 1.A.; however, such benefits shall be offset by any benefits the Employee has received under this Paragraph 1.B. on account of the Employee’s disability.