Disability Provision Sample Clauses

Disability Provision. In the event the Executive’s employment should terminate due to a total disability, as determined by the Executive’s individual disability insurance policy, one hundred percent (100%) of the balance in the Executive’s accrued liability account (at the time of said disability) shall be paid to the Executive for ten (10) years using the average Federal funds rate for the twelve (12) months preceding the Executive’s date of disability, or in lump sum at Bank’s discretion. Said payment shall commence thirty (30) days following termination due to disability. It is further agreed that in conjunction with this benefit plan the Bank will apply for and pay for a disability income policy in an amount providing at least sixty percent (60%) of the Executive’s annual total compensation and sixty percent (60%) of the Executive’s insurable retirement benefit plan contributions. This Plan shall have an elimination period of one (1) year.
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Disability Provision. 28.6 Any regular Employee who has become unable to perform the normal and regular duties of their job as a result of a disability shall be given consideration for work within such Employee's skills, qualifications and capabilities. To the extent that the Agency can provide such work, this position would not be subject to a job posting under Article 18, nor could such Employee displace an Employee as a result of this Article. STAFF DEVELOPMENT
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Disability Provision. Buyer hereby agrees that ERS shall have the right to disable the System(s) and any and all Equipment transferred under this Agreement if Buyer fails to make all necessary and required payments pursuant to the terms of this Agreement. Buyer hereby agrees to hold ERS harmless for any damage caused by ERS exercising this right, including any actual, punitive, or other damages incurred by Xxxxx. Buyer hereby agrees that it shall be liable to ERS for any and all losses, liabilities, damages, costs, and expenses (including, without limitation, attorneys’ fees, accounting fees, and investigation costs to the extent permitted by law) alleged or incurred arising out of or relating to the actions of ERS in regards to this provision.
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Disability Provision. If you become totally disabled, you may suspend your contributions to the Plan during disability, or you may continue making your regular contributions. If you continue making contributions, your pension will accumulate during your period of disability. If you suspend contributions, your pension will not begin to accumulate until you return to work and start to contribute again. NORMAL FORM OF PENSION PAYMENT The normal form of pension is paid for your lifetime with a guarantee that at least 120 monthly payments are made. If you die before receiving the 120 monthly payments, the balance will be paid to your beneficiary. OPTIONAL FORMS OF PENSION There are several other forms of pension payments you may choose other than the normal form.
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Disability Provision. If you become totally disabled, you may suspend your contributions to the Pian during disability, or you may continue making your regular contributions. If you continue making contributions, your pension will accumulate during your period of disability. If you suspend contributions, your pension will not begin to accumulate until you return to work and start to contribute again.
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Disability Provision. [SELECT ONE]
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Related to Disability Provision

  • Disability Termination The term "Disability Termination" for ---------------------- purposes of this Agreement shall mean a termination of Executive's employment on or after the date Executive has a right immediately upon such termination to receive disability income benefits under SunTrust's long term disability plan or any successor to or replacement for such plan.

  • Disability If, as a result of the Executive's incapacity due to physical or mental illness, the Executive shall have been absent from his duties with the Company on a full-time basis for six months and within 30 days after written notice of termination is thereafter given by the Company the Executive shall not have returned to the full-time performance of the Executive's duties, the Company may terminate this Agreement for "Disability."

  • Disability Benefits Technology Errors and Omissions Not less than $1,000,000 each claim Not less than $2,000,000 in aggregate At the time of the first transaction with an Authorized User and updated in accordance with Contract Crime Insurance Not less than $50,000 Lot 3 Insurance Type Proof of Coverage is Due Commercial General Liability Not less than $5,000,000 each occurrence Updated in accordance with Contract General Aggregate $2,000,000 Products – Completed Operations Aggregate $2,000,000 Personal and Advertising Injury $1,000,000 Business Automobile Liability Insurance Not less than $5,000,000 each occurrence Workers’ Compensation

  • Disability Payments If during the term of employment and prior to the delivery of any notice of termination without cause, you become physically or mentally disabled, whether totally or partially, so that you are prevented from performing your usual duties for a period of six consecutive months, or for shorter periods aggregating six months in any twelve-month period, the Company shall, nevertheless, continue to pay your full compensation through the last day of the sixth consecutive month of disability or the date on which the shorter periods of disability shall have equaled a total of six months in any twelve-month period (such last day or date being referred to herein as the “Disability Date”), subject to Section 11.17. If you have not resumed your usual duties on or prior to the Disability Date, the Company shall pay you a pro rata Bonus (based on your Average Annual Bonus) for the year in which the Disability Date occurs and thereafter shall pay you disability benefits for the period ending on the later of (i) the Term Date or (ii) the date which is twelve months after the Disability Date (in the case of either (i) or (ii), the “Disability Period”), in an annual amount equal to 75% of (a) your Base Salary at the time you become disabled and (b) the Average Annual Bonus, in each case, subject to Section 11.17.

  • Termination Because of Disability If the Executive becomes incapable by reason of physical injury, disease, or mental illness of substantially performing his duties and responsibilities under this agreement for a continuous period of six (6) months or more or for more than one hundred eighty (180) days in the aggregate (whether or not consecutive) during any 12-month period, then at any time after the elapse of such six-month period or such 180 days, as the case may be, the Board may terminate the Executive’s employment by the Companies under this agreement. If the Executive’s employment under this agreement is terminated by the Board because of such disability on the part of the Executive, then the Executive shall be entitled to receive the following compensation and benefits from the Companies:

  • Long-Term Disability The Employer agrees to provide Long Term Disability benefits for active full-time employees after fifty-two (52) weeks if an Employee is unable to perform any occupation (reasonably suited by means of training, education or experience). The Plan will provide for sixty-six and two thirds percent (66 2/3%) of an Employee's basic monthly earnings to a maximum of $1,500.00. Coverage would cease the date an Employee attains normal retirement age.

  • Death and Disability Benefits (a) In the event the Executive’s employment with the Bank terminates during the Employment Period because of the Executive’s death, then the Bank shall pay to the Executive’s estate the benefits listed in sections 9(b)(i) and 9(b)(ii) of this Agreement.

  • Termination by Reason of Total Disability In the event that Executive's employment is terminated by reason of Executive's Total Disability as determined in accordance with Section 5(b), the Company shall pay the following amounts to Executive:

  • Termination on Account of Disability Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of Disability, Executive shall be entitled to receive disability benefits under any disability program maintained by the Company that covers Executive, and Executive shall not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive executes and does not revoke the Release:

  • 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.

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