Common use of BY REASON OF DEATH Clause in Contracts

BY REASON OF DEATH. If the Employee shall die during the Employment Term, this Agreement shall terminate except that the Employee's estate shall be entitled to receive the Base Salary provided in Section 3(a) to the last day of the month in which his death occurs. Such termination shall not affect any vested rights which the Employee may have at the time of his death pursuant to any insurance or other death benefit plans or arrangements of the Company or any affiliate of the Company.

Appears in 3 contracts

Samples: Employment Agreement (Sm&a Corp), Employment Agreement (Sm&a Corp), Employment Agreement (Sm&a Corp)

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BY REASON OF DEATH. If the Employee shall die during the Employment ------------------ Term, this Agreement shall terminate except that the Employee's estate shall be entitled to receive the Base Salary provided in Section 3(a) and any pro rata ------------ amount of any earned bonus, each to the last day of the month in which his death occurs. Such termination shall not affect any vested rights which the Employee may have at the time of his death pursuant to any insurance or other death benefit plans or arrangements of the Company or any affiliate of the Company.

Appears in 1 contract

Samples: Employment Agreement (Sm&a Corp)

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BY REASON OF DEATH. If the Employee shall die during the Employment ------------------ Term, this Agreement shall terminate except that the Employee's estate shall be entitled to receive the Base Salary provided in Section 3(a) and any pro ------------ rata amount of any earned Bonus, each to the last day of the month in which his death occurs. Such termination shall not affect any vested rights which the Employee may have at the time of his death pursuant to any insurance or other death benefit plans or arrangements of the Company or any affiliate of the Company.

Appears in 1 contract

Samples: Employment Agreement (Sm&a Corp)

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