Rights Upon Death. If Executive’s Employment ends due to death, Executive’s estate shall be entitled to receive an amount equal to his target bonus for the fiscal year in which his death occurred, prorated based on the number of days he was employed by the Company during that fiscal year. All amounts under this Section 5(d) shall be paid on the first regularly scheduled payroll date that occurs on or after 60 days after the Executive’s date of death.
Rights Upon Death. If Executive’s Employment ends due to death, (A) Executive’s estate shall be entitled to receive an amount equal to his target bonus for the fiscal year in which his death occurred (or, if greater, the bonus amount determined based on the applicable factors and actual performance for such fiscal year), prorated based on the number of days he was employed by the Company during that fiscal year and (B) all stock options, shares of restricted stock (other than performance-related restricted stock), and other time-based equity awards granted by the Company and held by Executive at the time of his death shall be fully vested. All amounts under this Section 5(d) shall be paid no later than the date all regular employees are paid their bonuses.
Rights Upon Death. In the event of the death of the Participant, any distributions hereunder will be made to the Participant’s estate. Notwithstanding the foregoing, if permitted by the Committee in its discretion, the Participant may, in the manner established by the Committee, designate a beneficiary (which may be a person or trust) to receive distributions hereunder in the event of the Participant’s death. If the Committee permits beneficiary designations, but the Participant does not designate a beneficiary, the designated beneficiary does not survive the Participant or the beneficiary designation is invalid or defective), then distributions hereunder will be made to the Participant’s estate.
Rights Upon Death. If a Party dies (“Decedent Party”) leaving the other Party (“Surviving Party”) as the Decedent Party’s surviving spouse, except for the Surviving Party’s fifty percent (50%) interest in any community property found to exist and in accordance with the Agreement, any property in which the Surviving Party is specifically named as the beneficiary, and any property the Surviving Party owns with the Decedent Party as tenants in common or with rights of survivorship, the Surviving Party waives and relinquishes all rights he or she could assert as the Decedent Party’s heir at law, survivor, or otherwise, including but not limited to the following:
Rights Upon Death. If Executive's Employment ends due to death, (A) Executive' s estate shall be entitled to receive an amount equal to his target bonus for the fiscal year in which his death occurred (or, if greater, the bonus amount determined based on the applicable factors and actual performance for such fiscal year), and (B) all stock options, shares of restricted stock (other than performance-related restricted stock), and other time-based equity awards granted by the Company and held by Executive at the time of his death shall be fully vested. All amounts under this Section 5(d) shall be paid no later than the date all regular employees are paid their bonuses.
Rights Upon Death. In the event of your death during the Term of this Agreement, all your rights shall be construed to be those exercisable as of the date of your death with respect to Schedule A, and any payments not previously made under Paragraph 1(A) shall continue to be made to your estate.
Rights Upon Death. If the Optionee dies before the Option has been exercised as to all vested shares, the Option may be exercised with respect to the unpurchased Shares by the Optionee’s estate or the person who acquired the right to exercise the Option by bequest or inheritance by reason of the death of the Optionee.
Rights Upon Death a. Upon the death of a Party, the other Party shall have the right to purchase the deceased Party’s interest in the Property at the then fair market value as determined by the mean between two appraisers, one appointed by the purchasing Party and the second appointed by the Personal Representative, Trustee or other fiduciary of the deceased Party. A Party shall give notice to the Personal Representative, Trustee or other fiduciary of the deceased Party, as the case may be, of the Party’s intent to exercise this right within 90 days after the date of death, and closing shall proceed within 60 days of such notice of intent. Notwithstanding the foregoing, the Parties may at any time fix an agreed fair market value on each Party’s interest in the Property by a Certificate of Agreed Value signed by each Party (and the Parties, by execution of this Agreement, agree to use their best efforts to so fix the agreed fair market value on or before February 1 of each year). If at any time it becomes necessary to determine the purchase price of a Party’s interest in the Property under this Section 3.03, and a Certificate of Agreed Value dated less than 18 months before the date as of which the purchase price must be determined is in existence, then the fair market value set forth in such Certificate shall be conclusive as to the purchase price and no appraisals of fair market value shall be required or made. In no event shall a Certificate of Agreed Value be effective unless signed by both Parties and dated. The Parties may at any time execute a new Certificate of Agreed Value which shall automatically replace all prior Certificates of Agreed Value and in no event shall any but the last Certificate of Agreed Value be effective, if at all, for the purpose stated herein.
Rights Upon Death. If Executive’s Employment ends due to death, (A) Executive’s estate shall be entitled to receive an amount equal to his target bonus for the fiscal year in which his death occurred (or, if greater, the bonus amount determined based on the applicable factors and actual performance for such fiscal year), (B) all stock options, shares of restricted stock (other than performance-related restricted stock), and other time-based equity awards granted by the Company and held by Executive at the time of his death (other than the Challenge Grant) shall accelerate and be fully vested, and (C) a pro rata portion of the Challenge Grant equal to 1 million shares times a fraction the numerator of which is the number of complete calendar months that have elapsed between the Commencement Date and the date Executive’s employment ends due to death, and the denominator of which is 36 shall accelerate and be fully vested. All amounts under this Section 5(d) shall be paid no later than the date all regular employees are paid their bonuses, but in no event later than March 15th of the year following the year during which the Executive’s Employment ends due to death.
Rights Upon Death. A typical antenuptial agreement will begin with a complete waiver of all rights to the other’s property upon death. Each party then grants to the other specific and detailed rights to property upon death. Examples of the agreed upon distribution on death might include: Jointly owned property will pass to the surviving spouse. Any asset which designates by its terms the surviving spouse as the intended beneficiary will pass to the surviving spouse. A specific allowance for a specified sum to pass from one spouse to the other on death. This might be an outright transfer or may pass in trust. For tax planning purposes, a trust will likely provide that all income on trust assets will be paid to the surviving spouse annually, and principal may be distributed to maintain the surviving spouse in the lifestyle enjoyed by the parties together. Upon the surviving spouse’s death, the trust instrument may specify the beneficiaries of any remaining assets of the trust. Commonly, a grant of rights will not be effective if at the time of the death of a party there is pending a legal separation or marital dissolution proceeding between the parties. Aside from the grant of rights specifically agreed upon in the antenuptial agreement, the parties may agree that additional provisions for the other may be made by gift, inheritance, beneficiary designation or otherwise.
