Common use of Salary Continuation During Disability Clause in Contracts

Salary Continuation During Disability. If Executive for any reason (except as expressly provided below) becomes temporarily or permanently disabled so that he is unable to perform the duties under this Agreement, Executive shall be paid the Base Salary otherwise payable to Executive pursuant to subparagraph 3(a) of this Agreement, reduced by the amounts received by Executive from state disability insurance, or worker’s compensation or other similar insurance benefits through policies provided by Employer, for a period of six (6) months from the date of disability. For purposes of this paragraph 3(b), “disability” shall be defined as provided in the Employer’s disability insurance program.

Appears in 3 contracts

Samples: Employment Agreement (Pacific Mercantile Bancorp), Employment Agreement (Pacific Mercantile Bancorp), Employment Agreement (Pacific Mercantile Bancorp)

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Salary Continuation During Disability. If Executive for any reason (except as expressly provided below) becomes temporarily or permanently disabled so that he is unable to perform the duties under this Agreement, Executive shall be paid the Base Salary otherwise payable to Executive pursuant to subparagraph 3(a) of this Agreement, reduced by the teh amounts received by Executive from state disability insurance, or worker’s 's compensation or other similar insurance benefits through policies provided by the Employer, for a period of six (6) months from the date of disability. For purposes of this paragraph 3(b), "disability" shall be defined as provided in the Employer’s 's disability insurance program.

Appears in 1 contract

Samples: Employment Agreement (Pacific Mercantile Bancorp)

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Salary Continuation During Disability. If Executive for any reason (except as expressly provided below) becomes temporarily or permanently disabled so that he is unable to perform the duties under this Agreement, Executive shall be paid the Base Salary otherwise payable to Executive pursuant to subparagraph Section 3(a) of this Agreement, reduced by the amounts received by Executive from state disability insurance, or worker’s compensation or other similar insurance benefits through policies provided by Employer, for a period of six (6) months from the date of disability. For purposes of this paragraph Section 3(b), “disability” shall be defined as provided in the Employer’s disability insurance program.

Appears in 1 contract

Samples: Employment Agreement (Pacific Mercantile Bancorp)

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