Disability Determination Date definition
Examples of Disability Determination Date in a sentence
If Executive becomes Substantially Disabled (as hereinafter defined) and Executive’s full-time employment with Bank is terminated by Bank prior to the Full Benefits Date as a result, Bank shall pay to Executive the Limited Benefit annually, payable monthly beginning on the first business day of the calendar month following the Disability Determination Date (as hereinafter defined).
If Executive becomes deceased after the Disability Determination Date, but prior to the fifteenth (15th) anniversary of the Disability Determination Date, payments shall continue to be paid to the Executive’s beneficiary, determined in accordance with Section 13, at the same time and in the same form as they would have been paid to Executive had Executive not deceased until (but including) the fifteenth (15th) anniversary of the Disability Determination Date.
If Executive becomes deceased after the Disability Determination Date, but prior to the fifteenth (15th) anniversary of the Disability Determination Date, payments shall continue to be paid to the Executive’s beneficiary, determined in accordance with Section 13, at the same time and in the same form as they would have been paid to Executive had Executive not died until (but including) the fifteenth (15th) anniversary of the Disability Determination Date.
Upon Executive's permanent disability, the Executive shall receive (i) all accrued but unpaid base salary and bonus and (ii) other benefits (but not including bonus) accrued as of the Disability Determination Date.
Executive agrees that the Company may terminate his employment at any time on or after his Disability Determination Date and that his payments and benefits and the treatment of equity upon any such termination shall be governed by this Section.
All securities provided pursuant to Clauses 3.6 and 3.7 of this Agreement shall only be released at the Owner’s request subsequent to the execution of the future Subdivision and/or Pre-Servicing Agreement(s) and the satisfaction of the security requirements of those agreements.
Upon Executive’s permanent disability, the Executive shall receive all accrued but unpaid salary, and any bonus or other benefits accrued as of the Disability Determination Date.