Disability Salary Continuation Clause Samples

The Disability Salary Continuation clause ensures that an employee continues to receive a portion or all of their salary if they become unable to work due to a qualifying disability. Typically, this clause outlines the duration of continued salary payments, the percentage of salary covered, and any conditions or limitations, such as the need for medical certification or coordination with other disability benefits. Its core function is to provide financial security for employees during periods of disability, reducing the financial impact of being unable to work and offering peace of mind to both employees and employers.
Disability Salary Continuation. If the Executive becomes disabled during the term of this Agreement, the Company shall continue to pay the Executive his Base Salary during the first 90 day period of such disability and shall continue to pay the Executive, but at the rate of forty percent (40%) of his Base Salary, for second 90 day period of such disability. "Disability" as used herein shall have the same meaning as given that term in the long term disability insurance policy of the Company as in effect from time to time. All payments under this Paragraph shall cease upon the expiration or other termination of this Agreement or of the Executive's employment.
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Disability Salary Continuation. The Bank shall pay the Employee his full salary then in effect and continue all benefits then in effect for a period of one year after the Date of Termination (as hereafter defined) in the event of the Employee's Disability. "Disability" or "Disabled" shall mean (i) the Employee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months; or (ii) the Employee is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company; or (iii) the Employee has been determined to be totally disabled by the Social Security Administration or Railroad Retirement Board; or (iv) the Employee has been determined to be disabled in accordance with a disability insurance program provided by the Company or the Bank and in which Employee participates, provided that the definition of disability applied under such disability insurance program complies with the requirements of (i) or (ii) listed above.
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Disability Salary Continuation. The Bank shall pay the Employee his full salary then in effect and continue all benefits then in effect for a period of one year after the Date of Termination (as hereafter defined) in the event of the partial or complete Disability of the Employee. "Disability" shall mean the Employee's failure to satisfactorily perform the essential functions of his office on a full-time basis for one hundred and eighty (180) consecutive days, with or without accommodation, by reason of the Employee's incapacity resulting from physical or mental illness or impairment, except where within fifteen (15) days after Notice of Termination (as hereinafter defined) is given following such absence, the Employee shall have returned to the satisfactory, full time performance of such duties. Any determination of Disability hereunder shall be made by the Board of Directors of the Bank in good faith and on the basis of the certificates of at least three qualified physicians chosen by it for such purpose, one of whom shall be the Employee's regular attending physician.
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Disability Salary Continuation. If the Employee becomes disabled during the term of this Agreement, the Company shall continue to pay the Employee his Base Salary during the first ninety (90) day period of such disability, and additionally, but only to the extent the Employee is not paid by disability insurance available through the Company, shall continue to pay the Employee, but at the rate of sixty percent (60%) of his Base Salary (not to exceed $6,000 per month), for the period of such disability, not to exceed the remaining term of this Agreement. "Disability" as used herein shall mean any physical, emotional or mental, injury, illness or incapacity, other than death, which renders the Employee unable to perform the duties required of him under this Agreement. The existence of any disability shall be determined to exist in the sole discretion of the Board which shall not be arbitrarily exercised. All payments under this Paragraph shall cease upon the expiration of other termination of this Agreement or of the Employee's employment.
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Disability Salary Continuation. If the Executive becomes disabled during the term of this Agreement, the Company shall continue to pay the Executive his Base Salary during the first 90 day period of such disability and shall continue to pay the Executive, but at the rate of forty percent (40%) of his Base Salary, for second 90 day period of such disability. "Disability" as used herein shall have the same meaning as given that term in the long term disability insurance policy of the Company as in effect from time to time. All payments under this Paragraph shall cease upon the expiration or other termination of this Agreement or of the Executive's employment; however, disability payments shall continue as provided under this Section 6(b) if the Cause of termination is "permanent disability" as the phrase is used in Section 13(d)(iii). Notwithstanding the foregoing, the Executive shall also be entitled to any disability benefits accorded for senior management employees of the Parent under any disability insurance plans which the Parent may have from time to time.
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Disability Salary Continuation. If the Executive becomes disabled during the term of this Agreement, the Company shall continue to pay the Executive his Base Salary during the first 90 day period of such disability and shall continue to pay the Executive, but at the rate of forty percent (40%) of his Base Salary, for second 90 day period of such disability. "Disability" as used herein shall have the same meaning as given that term in the long term disability insurance policy of the Company as in effect from time to time. All payments under this Paragraph shall cease upon the expiration or other termination of this Agreement or of the Executive's employment; however, disability payments shall continue as provided under this Section 6(b) if the cause of termination is "permanent disability" as the phrase is used in Section 13(d)(iii).
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Disability Salary Continuation. If the Employee becomes disabled during the term of this Agreement, the Company shall continue to pay the Employee his Base Salary during the first ninety (90) day period of such disability, and additionally, but only to the extent the Employee is not paid by disability insurance available through the Company, shall continue to pay the Employee, but at the rate of fifty percent (50%) of his Base Salary, for the second ninety (90) day period of such disability. "Disability" as used herein shall mean any physical, emotional or mental, injury, illness or incapacity, other than death, which renders the Employee unable to perform the duties required of him under this Agreement. The existence of any disability shall be determined to exist in the sole discretion of the Board which shall not be arbitrarily exercised. All payments under this Paragraph shall cease upon the expiration of other termination of this Agreement or of the Employee's employment.
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Disability Salary Continuation. The Bank shall continue to pay the Employee his full salary then in effect and continue all benefits then in effect for a period of one year after the Date of Termination (as hereafter defined) in the event of the Employee's Disability. "Disability" shall mean, that because of a medically determinable physical or mental impairment that can be expected to result in death or that can be expected to last for a continuous period of at least 12 months, (x) the Employee is unable to engage in any substantial gainful activity, or (y) the Employee is receiving income replacement benefits for a period of at least three months under an accident and health plan of the Bank. Determination of disability may be made either by the Social Security Administration or by the provider of an accident or health plan covering employees of the Bank, provided that the definition of disability applied under such plan complies with the requirements of subsections 4(f)(i) or (ii) above. Upon request of the Company or the Bank, the Executive must submit proof to the Company or the Bank of the Social Security Administration's or provider's determination. For purposes of this Agreement, "accident and health plan" shall be interpreted as such phrase is used in Treas. Reg. ss. 1.409A-3(i)(4).
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Disability Salary Continuation. If the Executive becomes disabled during the term of this Agreement, the Company shall continue to pay the Executive his Base Salary during the first ninety (90) day period of such disability and shall continue to pay the Executive, but at the rate of fifty percent (50%) of his Base Salary, for second ninety (90) day period of such disability. "Disability" as used herein shall mean any physical, emotional or mental, injury, illness or incapacity, other than death, which renders the Executive unable to perform the duties required of him under this Agreement. The existence of any disability shall be determined to exist in the sole discretion of the Board which shall not be unreasonably exercised.
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Related to Disability Salary Continuation

  • Salary Continuation An employee who suffers a compensable workers’ compensation injury, including being assaulted by a student, and who is temporarily and totally disabled as a result of the injury may be eligible to receive compensation from the Bureau of Workers’ Compensation (BWC). This section does not affect or replace the employees’ need to file claims with the BWC for medical treatment.

  • Salary Continuance The Employer will continue the salary and benefits coverage of an Employee who is granted leave without pay in accordance with Article 13.01 and will bill the relevant Union for the Employee’s salary. If the leave extends beyond three calendar months, the Employer will, from that point, bill the relevant Union 1.2 times the Employee’s salary until the leave is concluded.

  • Disability Separation A. An employee with permanent status may be separated from service when the Employer determines that the employee is unable to perform the essential functions of the employee’s position due to a mental, sensory, or physical disability, which cannot be reasonably accommodated. Determinations of disability may be made by the Employer based on an employee’s written request for disability separation or after obtaining a written statement from a licensed physician or licensed mental health professional. The Employer can require an employee to obtain a medical examination, at Employer expense, from a licensed physician or licensed mental health professional of the Employer’s choice. Evidence may be requested from the licensed physician or licensed mental health professional regarding the employee’s limitations. B. When the Employer has medical documentation of the employee’s disability and has determined that the employee cannot be reasonably accommodated in any available position for which they qualify, or the employee requests separation due to disability, the Employer may immediately separate the employee. C. The Employer will inform the employee in writing of the option to apply to return to employment prior to their separation due to disability. The Employer will provide assistance to individuals seeking reemployment under this Article for two (2) years. If reemployed, upon successful completion of the employee’s probationary period, the time between separation and reemployment will be treated as leave without pay and will not be considered a break in service. D. A disability separation is not a disciplinary action. Disability separation at the employee’s request is not subject to the grievance procedure in Article 30.

  • 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.

  • Salary Severance A single, lump sum payment equal to twelve (12) months of the Executive’s Salary, less applicable withholdings.