Common use of SICK PAY SCHEME Clause in Contracts

SICK PAY SCHEME. 11.1 If the Executive is prevented by ill health from properly performing his duties under this Agreement he shall report this fact to the Company and within seven days of absence provide the Board with satisfactory evidence of his incapacity and continue to provide such evidence on a weekly basis during any period of absence. 11.2 Provided the Executive has complied with the conditions in clause 11.1, he shall continue to be paid a salary for the first 3 months’ absence (whether continuous or intermittent) in any period of 12 consecutive months. Any sums paid to the Executive shall be inclusive of statutory sick pay. Thereafter, during any absence, the Executive is not entitled to receive any salary and any payments which the Company makes are entirely discretionary and can be withdrawn at any time. 11.3 At the request of the Company, the Executive shall, whether absent from work or not, co-operate in providing medical evidence or undergoing a medical examination arranged by the Company and consent to the disclosure of any report to the Company. 11.4 The payment of sick pay, in accordance with clause 11.2, is without prejudice to the Company’s right to terminate this Agreement on the grounds of incapacity prior to the expiry of the Executive’s right to payment. In the event that the Executive is incapable of performing his duties by reason of injuries sustained wholly or partly as a result of a third party’s actions, all payments made to the Executive by the Company of salary or sick pay shall, to the extent that compensation is recoverable from that third party, constitute loans to the Executive and shall be repaid when and to the extent that the Executive recovers compensation for loss of earnings from such third party.

Appears in 2 contracts

Sources: Service Agreement (Euronet Worldwide Inc), Service Agreement (Euronet Worldwide Inc)