Common use of Executive’s Death Clause in Contracts

Executive’s Death. If Executive dies during the Employment Period, this Agreement and Executive’s employment with the Company shall automatically terminate and the Company’s obligations to Executive’s estate and to Executive’s Qualified Beneficiaries shall be those set forth in Section 4 regarding severance compensation.

Appears in 4 contracts

Samples: Executive Employment Agreement (Healthtech Solutions, Inc./Ut), Executive Employment Agreement (Healthtech Solutions, Inc./Ut), Executive Employment Agreement (Healthtech Solutions, Inc./Ut)

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Executive’s Death. If Executive dies shall die during the Employment Period, this Agreement and shall terminate, except that Executive’s employment 's estate shall be entitled to receive the base salary payable to Executive, accrued to the last day of the month in which his death occurs, together with the Company shall automatically terminate and any death benefits provided under employee benefit plans maintained by the Company’s obligations to Executive’s estate and to Executive’s Qualified Beneficiaries shall be those set forth in Section 4 regarding severance compensation.

Appears in 3 contracts

Samples: Employment Contract (Temtex Industries Inc), Employment Contract (Temtex Industries Inc), Employment Contract (Temtex Industries Inc)

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