Common use of BY REASON OF DEATH Clause in Contracts

BY REASON OF DEATH. If Employee dies during the Term of or any renewal term hereof this Agreement, Employer shall: (a) pay to the estate of Employee, through the end of the calendar quarter, Employee’s Incentive Compensation in accordance with the terms and conditions of Addendum A; (b) pay to the estate of Employee, for a period of three (3) months beginning on the date of death (the “Extended Period”), Employee’s Salary payable in periodic installments on Employer’s regular paydays, at the rate then in effect; and (c) Employee’s Option Shares shall be deemed vested through the date of the Extended Period. Other death benefits will be determined in accordance with the terms of Employer’s benefit plans and programs.

Appears in 10 contracts

Samples: Employment Agreement (Voice Assist, Inc.), Employment Agreement (Voice Assist, Inc.), Employment Agreement (Voice Assist, Inc.)

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BY REASON OF DEATH. If Employee dies during the Term of or any renewal term hereof this Agreement, Employer shall: (a) pay to the estate of Employee, through the end of the calendar quarterfiscal year, Employee’s 's Incentive Compensation in accordance with the terms and conditions of Addendum A; (b) pay to the estate of Employee, for a period of three six (36) months beginning on the date of death (the "Extended Period"), Employee’s 's Salary payable in periodic installments on Employer’s 's regular paydays, at the rate then in effect; and (c) Employee’s Option 's Purchased Shares shall be deemed vested through the date of the Extended Period. Other death benefits will be determined in accordance with the terms of Employer’s 's benefit plans and programs.

Appears in 2 contracts

Samples: Employment Agreement (Knowledge Foundations Inc/De), Employment Agreement (Knowledge Foundations Inc/De)

BY REASON OF DEATH. If Employee dies during the Term of or any renewal term hereof this Agreement, Employer shall: (a) pay to the estate of Employee, through the end of the calendar quarterfiscal year, Employee’s Incentive Compensation in accordance with the terms and conditions of Addendum A; (b) pay to the estate of Employee, for a period of three six (36) months beginning on the date of death (the “Extended Period”), Employee’s Salary payable in periodic installments on Employer’s regular paydays, at the rate then in effect; and (c) Employee’s Option Shares shall be deemed vested through the date of the Extended Period. Other death benefits will be determined in accordance with the terms of Employer’s benefit plans and programs.

Appears in 2 contracts

Samples: Employment Agreement (Voice Assist, Inc.), Employment Agreement (Musician's Exchange)

BY REASON OF DEATH. If Employee dies during the Term of or any renewal term hereof this Agreement, Employer shall: (a) pay to the estate of Employee, through the end of the calendar quarterfiscal year, Employee’s Incentive Compensation in accordance with the terms and conditions of Addendum A; this agreement, (b) pay to the estate of Employee, for a period of three six (36) months beginning on the date of death (the “Extended Period”), Employee’s Salary payable in periodic installments on Employer’s regular paydays, at the rate then in effect; and (c) Employee’s Option Shares Options shall be deemed vested through the date of the Extended Period. Other death benefits will be determined in accordance with the terms of Employer’s benefit plans and programs.

Appears in 2 contracts

Samples: Employment Agreement (Nutracea), Employment Agreement (Nutracea)

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BY REASON OF DEATH. If Employee dies during the Term of or any renewal term hereof this ---------------------- Agreement, Employer shall: (a) pay to the estate of Employee, through the end of the calendar quarterfiscal year, Employee’s 's Incentive Compensation in accordance with the terms and conditions of Addendum A; of this agreement, (b) pay to the estate of Employee, for a period of three six (36) months beginning on the date of death (the "Extended -------- Period"), Employee’s 's Salary payable in periodic installments on ------ Employer’s 's regular paydays, at the rate then in effect; and (c) Employee’s Option Shares 's Options shall be deemed vested through the date of the Extended Period. Other death benefits will be determined in accordance with the terms of Employer’s 's benefit plans and programs.

Appears in 1 contract

Samples: Employment Agreement (Nutracea)

BY REASON OF DEATH. If Employee dies during the Term of or any renewal term hereof this Agreement, Employer shall: (a) pay to the estate of Employee, through the end of the calendar quarterthen current month, Employee’s Incentive Compensation in accordance with the terms and conditions of Addendum A; (b) pay to the estate of Employee, for a period of three (3) months beginning on the date of death (the “Extended Period”), Employee’s Salary payable in periodic installments on Employer’s regular paydays, at the rate then in effect; and (c) Employee’s Option Shares shall be deemed vested through the date of the Extended Period. Other death benefits will be determined in accordance with the terms of Employer’s benefit plans and programs.

Appears in 1 contract

Samples: Employment Agreement (Star Mountain Resources, Inc.)

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