Common use of Due to Death Clause in Contracts

Due to Death. In the event of the death of the Executive, this ------------ Agreement shall terminate on the date of death and the estate of the Executive shall be entitled to (i) the Executive's Base Salary paid over a period of twelve months, commencing the first of the month following the month in which he died, and (ii) a cash payment equal to the pro rata portion (calculated through the end of the month in which he died) of the annual bonus, if any, received by the Executive in respect of the full calendar year next preceding his death. In the event of such termination due to death, all other rights and benefits the Executive (or his estate) may have under the senior executive, group or employee benefit plans and programs of the Company, generally, shall be determined in accordance with the terms and conditions of such plans and programs.

Appears in 2 contracts

Samples: Employment Agreement (Aviva Petroleum Inc /Tx/), Employment Agreement (Aviva Petroleum Inc /Tx/)

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Due to Death. In the event of the death of the Executive, this ------------ Agreement shall terminate on the date of death and the estate of the Executive shall be entitled to (i) the Executive's Base Salary paid over a period through the end of twelve months, commencing the first of the month following the month in which he died, and (ii) a cash payment equal to the pro rata portion (calculated through the end of the month in which he died) of the annual bonus, if any, received by the Executive in respect of the full calendar year next preceding his death. In the event of such termination due to death, all other rights and benefits the Executive (or his estate) may have under the senior executive, employee and/or group or employee senior executive benefit plans and programs of the Company, generally, shall be determined in accordance with the terms and conditions of such plans and programs.

Appears in 2 contracts

Samples: Employment Agreement (Hollywood Theaters Inc), Employment Agreement (Hollywood Theaters Inc)

Due to Death. In the event of the death of the Executive, this ------------ Agreement shall terminate on the date of death and the estate of the Executive shall be entitled to (i) the Executive's Base Salary paid over a period through the date of twelve months, commencing the first of the month following the month in which he dieddeath, and (ii) a cash payment equal to the pro rata portion (calculated through the end amount of the month in which he died) of the annual bonus, if any, received by the Executive any earned but unpaid Quarterly Bonus in respect of the full calendar year next preceding quarterly period ended prior to the quarter in which his deathdeath occurs. In the event of such termination due to death, all other rights and benefits the Executive (or his estate) may have under the senior executive, employee and/or group or employee executive benefit plans and programs of the Company, generally, shall be determined in accordance with the terms and conditions of such plans and programs.

Appears in 2 contracts

Samples: Employment Agreement (Bayard Drilling Technologies Inc), Employment Agreement (Bayard Drilling Technologies Inc)

Due to Death. In the event of the death of the Executive, this ------------ Agreement shall terminate on the date of death and the estate of the Executive shall be entitled to (i) the Executive's Base Salary paid over a period through the date of twelve months, commencing the first of the month following the month in which he dieddeath, and (ii) a cash payment equal to the pro rata portion (calculated through the end amount of the month in which he died) of the annual bonus, if any, received by the Executive any earned but unpaid Quarterly Bonus in respect of the full calendar year next preceding quarterly period ended prior to the quarter in which his deathdeath occurs. In the event of such termination due to death, all other rights and benefits the Executive (or his estate) may have under the senior executive, employee and/or group or employee executive benefit plans and programs of the Company, generally, shall be determined in accordance with the terms and conditions of such plans and programs.of

Appears in 1 contract

Samples: Employment Agreement (Bayard Drilling Technologies Inc)

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Due to Death. In the event of the death of the Executive, this ------------ Agreement shall terminate on the date of death and the estate of the Executive shall be entitled to (i) the Executive's Base Salary paid over a period through the end of twelve months, commencing the first of the month following the month in which he died, and (ii) a cash payment equal to the pro rata portion (calculated through the end of the month in which he died) of the annual bonus, if any, received by the Executive in respect of the full calendar year next preceding his death. In the event of such termination due to death, all other rights and benefits the Executive (or his estate) may have under the senior executive, employee and/or group or employee senior executive benefit plans and programs of the Company, generally, shall be determined in accordance with the terms and conditions of such plans and programs.

Appears in 1 contract

Samples: Employment Agreement (Hollywood Theaters Inc)

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