RIDERS AND BENEFITS Total Disability Sample Clauses

RIDERS AND BENEFITS Total Disability. Benefit Rider Reinsurance premiums will be [*] of the Ceding Company's premiums, as shown in this Exhibit, in the first policy year and [*] in renewal years. Policy Split Option Rider There is no reinsurance premiums due for the split option rider until it is exercised. Once exercised, the following percentages of the 2001 Valuation Basic Select and Ultimate Tables, Gender Distinct and Smoker Distinct, Age Nearest Birthday Single Life rates shall apply on a point-in-scale basis: First Year Renewal Years ---------- ------------- [*] [*] -------------------------------------------------------------------------------- TREATY #3684 MUNICH AMERICAN REASSURANCE COMPANY Att 15 16 17 18 19 20 21 22 23 24 25 Ultimate Age 0.33 0.37 0.41 0.45 0.48 0.51 0.54 0.56 0.60 0.64 25 0.32 0.36 0.40 0.44 0.48 0.51 0.54 0.56 0.59 0.62 0.68 26 0.31 0.36 0.40 0.44 0.46 0.51 0.54 0.56 0.59 0.62 0.67 0.73 27 0.34 0.38 0.42 0.46 0.49 0.53 0.56 0.59 0.62 0.67 0.72 0.77 28 0.38 0.41 0.45 0.49 0.53 0.56 0.59 0.62 0.67 0.72 0.77 0.83 29 0.41 0.45 0.48 0.53 0.56 0.59 0.62 0.67 0.72 0.77 0.83 0.86 30 0.44 0.48 0.51 0.56 0.59 0.62 0.66 0.72 0.76 0.82 0.84 0.94 31 0.47 0.51 0.54 0.59 0.62 0.66 0.72 0.76 0.82 0.84 0.92 1.00 32 0.50 0.54 0.58 0.62 0.66 0.72 0.76 0.82 0.84 0.92 0.99 1.08 33 0.53 0.58 0.62 0.66 0.70 0.76 0.82 0.84 0.92 0.99 1.07 1.17 34 0.56 0.61 0.65 0.70 0.76 0.82 0.84 0.92 0.99 1.07 1.17 1.30 35 0.61 0.65 0.69 0.74 0.82 0.84 0.92 0.98 1.06 1.15 1.28 1.40 36 0.63 0.69 0.74 0.80 0.84 0.92 0.98 1.06 1.15 1.28 1.38 1.53 37 0.67 0.74 0.80 0.84 0.92 0.98 1.06 1.15 1.28 1.38 1.50 1.60 38 0.73 0.80 0.84 0.92 0.98 1.06 1.15 1.28 1.38 1.48 1.58 1.70 39 0.78 0.84 0.92 0.98 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.80 40 0.84 0.92 0.98 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.92 41 0.92 0.98 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.91 2.07 42 0.98 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.91 2.07 2.24 43 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.91 2.07 2.24 2.45 44 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.91 2.07 2.24 2.45 2.69 45 1.25 1.36 1.46 1.57 1.68 1.79 1.91 2.07 2.24 2.45 2.69 2.96 46 1.33 1.44 1.55 1.67 1.78 1.91 2.07 2.24 2.45 2.69 2.96 3.30 47 1.41 1.52 1.63 1.77 1.91 2.07 2.24 2.45 2.69 2.96 3.30 3.74 48 1.48 1.62 1.73 1.88 2.06 2.24 2.45 2.69 2.96 3.30 3.74 4.23 49 1.56 1.71 1.85 2.02 2.23 2.45 2.69 2.96 3.30 3.74 4.23 4.77 50 1.66 1.82 2.01 2.20 2.45 2.69 2.96 3.30 3.74 4.23 4.77 5.36 51 1.78 1.97 2.18 2.42 2.69 2.96 3.30 3.74 4.23 4.77 5.36 6.00 52 1.92 2.15 2.38 2.67 2.96 3.30...
Sample 1
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Related to RIDERS AND BENEFITS Total Disability

  • Total Disability The Company may terminate Executive's employment hereunder upon Executive becoming "Totally Disabled". For purposes of this Agreement, Executive shall be "Totally Disabled" if Executive is physically or mentally incapacitated so as to render Executive incapable of performing Executive's usual and customary duties under this Agreement. Executive's receipt of disability benefits under the Company's long-term disability plan or receipt of Social Security disability benefits shall be deemed conclusive evidence of Total Disability for purpose of this Agreement; provided, however, that in the absence of Executive's receipt of such long-term disability benefits or Social Security benefits, the Company's Board of Directors may, in its reasonable discretion (but based upon appropriate medical evidence), determine that Executive is Totally Disabled.

  • Termination for Permanent Disability If Executive’s employment is terminated by the Company for Permanent Disability, Executive shall be entitled to receive (i) Executive’s fully earned but unpaid base salary, through the date of termination at the rate then in effect, plus all other amounts to which Executive is entitled under any compensation plan or practice of the Company at the time such payments are due, (ii) an amount equal to Executive’s annual base salary as in effect immediately prior to the date of termination, payable in a lump sum as soon as administratively practicable but in any event no later than two and one-half (2 1/2) months following the date of termination, (iii) an amount equal to Executive’s Bonus for the year in which the date of termination occurs prorated for the period during such year Executive was employed prior to the date of termination, payable in a lump sum as soon as administratively practicable but in any event no later than two and one-half (2 1/2) months following the date of termination, and (iv) for the period beginning on the date of termination and ending on the date which is twelve (12) full months following the date of termination (or, if earlier, the date on which Executive accepts employment with another employer that provides comparable benefits in terms of cost and scope of coverage), the Company shall pay for and provide Executive and his or her dependents with healthcare and life insurance benefits which are substantially the same as the benefits provided to Executive immediately prior to the date of termination, including, if necessary, paying the costs associated with continuation coverage pursuant to COBRA. In addition, if Executive’s employment is terminated by the Company for Permanent Disability, the vesting and/or exercisability of Executive’s outstanding Stock Awards shall be automatically accelerated on the date of termination as to the number of shares that would vest over the twelve (12) months following Executive’s date of termination under the applicable vesting schedules had Executive remained continuously employed by the Company during such period. Except as otherwise provided above with respect to accelerated vesting, if Executive’s employment is terminated by Permanent Disability, the provisions of the award agreements governing Executive’s Stock Awards regarding the exercisability of such Stock Awards following Executive’s disability shall apply.

  • Disability/Disabled For the purpose of this Agreement, an Executive will be considered disabled if:

  • By Disability If Executive becomes eligible for the Company’s long term disability benefits or if, in the sole opinion of the Company, Executive is unable to carry out the responsibilities and functions of the position held by Executive by reason of any physical or mental impairment for more than ninety consecutive days or more than one hundred and twenty days in any twelve-month period, then, to the extent permitted by law, the Company may terminate Executive’s employment. The Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this Section shall affect Executive’s rights under any disability plan in which Executive is a participant.

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Disability of Employee a. Employee shall be considered disabled if, due to illness or injury, either physical or mental, Employee is unable to perform Employee's customary duties as an employee of Company for more than thirty (30) days in the aggregate out of a period of twelve (12)

  • Permanent Disability Permanent Disability" shall mean Employee's physical or mental incapacity to perform his or her usual duties with such condition likely to remain continuously and permanently as determined by Employer.

  • Disability; Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Death, Disability, Retirement This Agreement shall terminate upon the death, disability or retirement of Executive. As used in this Agreement, the term "disability" shall mean Executive's inability, as a result of physical or mental incapacity, to substantially perform his duties with the Bank for a period of 180 consecutive days. Any question as to the existence of Executive's disability upon which the Executive and the Bank cannot agree shall be determined by a qualified independent physician mutually agreeable to Executive and the Bank or, if the parties are unable to agree upon a physician within ten (10) days after notice from either to the other suggesting a physician, by a physician designated by the then president of the medical society for the county in which Executive maintains his principal residence, upon the request of either party. The costs of any such medical examination shall be borne by the Bank. If Executive is terminated due to disability he shall be paid 100% of his Base Salary at the rate in effect at the time notice of termination is given for the remainder of the Employment Term, payable in substantially equal monthly installments less, in each case, any disability payments otherwise payable under plans provided by the Bank for disability or any governmental social security or workers compensation program, and actually paid to Executive in substantially equal monthly installments.

  • Death or Total Disability In the event of the death of the Executive during the Term, this Agreement shall terminate as of the date of the Executive's death. In the event of the Total Disability (as that term is defined below) of the Executive for sixty (60) days in the aggregate during any consecutive nine (9) month period during the Term, the Company shall have the right to terminate this Agreement by giving the Executive thirty (30) days' prior written notice thereof, and upon the expiration of such thirty (30) day period, the Executive's employment under this Agreement shall terminate. If the Executive shall resume his duties within thirty (30) days after receipt of such a notice of termination and continue to perform such duties for four (4) consecutive weeks thereafter, this Agreement shall continue in full force and effect, without any reduction in Base Salary and other benefits, and the notice of termination shall be considered null and void and of no effect. Upon termination of this Agreement under this Paragraph 7(a), the Company shall have no further obligations or liabilities under this Agreement, except to pay to the Executive's estate or the Executive, as the case may be, (i) the portion, if any, that remains unpaid of the Base Salary for the Year in which termination occurred, but in no event less than six (6) months' Base Salary; and (ii) the amount of any expenses reimbursable in accordance with Paragraph 4 above, and any automobile allowance due under Paragraph 5 above; and (iii) any amounts due under any Company benefit, welfare or pension plan. Except as otherwise provided by their terms, any stock options not vested at the time of the termination of this Agreement under this Paragraph 7(a) shall immediately become fully vested.

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