Common use of Payment During Disability Clause in Contracts

Payment During Disability. In the event the Executive is unable to perform his duties hereunder by reason of a disability, which disability does not constitute a Total Disability, the Corporation shall continue to pay the Executive his Base Salary during the continuance of such disability; provided, however, that in the event the Executive shall, within twelve (12) months after his disability, recover sufficiently to return to work for a period of sixty (60) consecutive working days, he shall be fully reinstated. Any relapse which thereafter occurs shall be deemed to be a subsequent disability. To the extent the Corporation maintains disability insurance for its employees, the Corporation shall pay to the Executive the difference between the Executive’s Base Salary and the disability payments made under such insurance on behalf of the Employee.

Appears in 4 contracts

Samples: Amended And (Hi Tech Pharmacal Co Inc), Amended And (Hi Tech Pharmacal Co Inc), Executive Employment Agreement (Hi Tech Pharmacal Co Inc)

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Payment During Disability. In the event the Executive is unable ------------------------- to perform his duties hereunder by reason of a disability, which disability does not constitute a Total Disability, the Corporation shall continue to pay the Executive his Base Salary during the continuance of such disability; provided, however, that in the event the Executive shall, within twelve (12) months after his disability, recover sufficiently to return to work for a period of sixty (60) consecutive working days, he shall be fully reinstated. Any relapse which thereafter occurs shall be deemed to be a subsequent disability. To the extent the Corporation maintains disability insurance for its employees, the Corporation shall pay to the Executive the difference between the Executive’s 's Base Salary and the disability payments made under such insurance on behalf of the Employee.

Appears in 1 contract

Samples: Executive Employment Agreement (Hi Tech Pharmacal Co Inc)

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