Common use of Death or Total Disability of the Executive Clause in Contracts

Death or Total Disability of the Executive. (a) If Executive dies or suffers a Total Disability during the Term of Employment, then this Agreement shall terminate and the Company, its successors and assigns shall be relieved and discharged of any and all obligations whatsoever to make further payment to Executive pursuant to the terms of this Agreement after the date of death or Total Disability of Executive, except as to base salary earned for services actually rendered and vacation pay accrued prior to the date of death or Total Disability of Executive.

Appears in 6 contracts

Samples: Agreement (Gtech Holdings Corp), Agreement (Gtech Holdings Corp), Agreement (Gtech Holdings Corp)

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