Common use of Executive’s Death Clause in Contracts

Executive’s Death. If Executive's employment is terminated because of Executive's death, the Company shall pay to Executive's personal representative (on behalf of Executive's estate), within 60 days after the Company receives written notice of such representative's appointment, all Base Compensation and pro rata bonus amounts, if any, accrued pursuant to Sections 4(a) and 4(b) above through the date of termination, and shall continue to pay all Base Compensation and pro rata bonus amounts, if any, accrued pursuant to Sections 4(a) and (b) for the longer of (i) the remaining Initial Term of the Agreement or (ii) twelve (12) months.

Appears in 8 contracts

Samples: Executive Employment Agreement (N2h2 Inc), Executive Employment Agreement (N2h2 Inc), Executive Employment Agreement (N2h2 Inc)

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Executive’s Death. If Executive's employment is terminated because of Executive's death, the Company shall pay to Executive's personal representative (on behalf of Executive's estate), within 60 days after the Company receives written notice of such representative's appointment, all Base Compensation and pro rata bonus amounts, if any, accrued pursuant to Sections 4(a) and 4(b) above through the date of termination, and shall continue to pay all Base Compensation and pro rata bonus amounts, if any, accrued pursuant to Sections 4(a) and (b) for the longer of (i) the remaining Initial Term of the Agreement or (ii) twelve (12) months.. (c)

Appears in 1 contract

Samples: Employment and Noncompetition Agreement

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Executive’s Death. If Executive's employment is terminated because of Executive's death, the Company shall pay to Executive's personal representative (on behalf of Executive's estate), within 60 days after the Company receives written notice of such representative's appointment, all Base Compensation and pro rata bonus amounts, if any, accrued pursuant to Sections 4(a) and 4(b) above through the date of termination, and shall continue to pay all Base Compensation compensation and pro rata bonus amounts, if any, accrued pursuant to Sections 4(a) and (b) for the longer number of (i) months remaining in the remaining Initial Term of the Agreement or (ii) twelve (12) monthsTerm.

Appears in 1 contract

Samples: Executive Employment Agreement (N2h2 Inc)

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