Common use of Supplemental Disability Benefits Clause in Contracts

Supplemental Disability Benefits. As soon as practicable following the Effective Date, the Company will adopt, and Executive will be eligible to receive benefits under a supplemental disability benefit plan (the “Supplemental Disability Plan”) that will supplement the benefits provided under the Company’s existing disability benefit plan. The Company will pay the applicable premiums for Executive’s coverage under the Supplemental Disability Plan for the duration of the Employment Term. The Supplemental Disability Plan will increase the maximum aggregate potential monthly disability benefit available to Executive under both plans to the lesser of (i) 65% of Executive’s monthly Base Salary amount, or (ii) $25,000. Executive shall be responsible for all taxes resulting from any receipt of benefits under the Supplemental Disability Plan.