Common use of Death of the Associate Clause in Contracts

Death of the Associate. If the Associate dies during the Employment Term, (a) the Employment Term shall terminate, and (b) the Company will pay to the Associate’s estate the Associate’s Base Salary (but not any Bonus unless earned prior to the date of death) then in effect through the end of the calendar month in which such death occurs.

Appears in 5 contracts

Samples: Employment Agreement (Americas Carmart Inc), Employment Agreement (Americas Carmart Inc), Employment Agreement (Americas Carmart Inc)

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Death of the Associate. If the Associate dies during the Employment Term, (a) the Employment Term shall terminate, and (b) within 60 days thereafter (or as soon thereafter as administratively practicable), the Company will pay to the Associate’s estate the Associate’s Base Salary (but not any Bonus unless earned prior to the date of death) then in effect through the end of the calendar month in which such death occurs.

Appears in 1 contract

Samples: Employment Agreement (Americas Carmart Inc)

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