Common use of RESIGNATION OR DEATH Clause in Contracts

RESIGNATION OR DEATH. The Employee may resign his position at any time. In the event of Employee’s resignation or death during the term of this Agreement, including any option terms, this Agreement shall terminate and the Company shall have no further obligation to Employee or Employee’s surviving spouse, estate or legal representatives, except amounts due as salary and bonuses earned at the time of such termination.

Appears in 2 contracts

Samples: Employment Agreement (Lbi Media Holdings Inc), Employment Agreement (Liberman Broadcasting Inc)

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RESIGNATION OR DEATH. The Employee may resign his her position at any time. In the event of Employee’s resignation or death during the term of this Agreement, including any option terms, this Agreement shall terminate and the Company shall have no further obligation to Employee or Employee’s surviving spouse, estate or legal representatives, except amounts due as salary and bonuses earned at the time of such termination.

Appears in 1 contract

Samples: Employment Agreement (Lbi Media Holdings Inc)

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RESIGNATION OR DEATH. The Employee may resign his position at any time. In the event of Employee’s resignation or death during the term of this Agreement, including any option terms, this Agreement shall terminate and the Company shall have no further obligation to Employee or Employee’s surviving spouse, estate or legal representatives, except amounts due as salary and bonuses earned at the time of such termination.

Appears in 1 contract

Samples: Employment Agreement (Lbi Media Holdings Inc)

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