Common use of Payment Upon Death Clause in Contracts

Payment Upon Death. In the event of Executive’s death, provided Executive is entitled to payment of the Severance Benefit, the unpaid portion of the Severance Benefit will be paid in lump sum to Executive’s estate within ten (10) days of Employer receiving notice of Executive’s death.

Appears in 9 contracts

Sources: Severance Agreement (Western Sierra Bancorp), Severance Agreement (Western Sierra Bancorp), Severance Agreement (Western Sierra Bancorp)