Common use of Termination Because of Death Clause in Contracts

Termination Because of Death. If the Executive dies during the Term, the Company shall pay to the Executive his salary through the Termination Date, his accrued, unused vacation and a pro rata portion of the amount of the Annual Bonus that the Executive received for the calendar year prior to the calendar year in which the Termination Date occurs, which shall be paid on the Company's normal bonus payment schedule. If the Executive dies prior to January 1, 2003, the Annual Bonus for the first calendar year shall be deemed to be 50 percent of the Executive's salary at the time of the Executive's death. The Company shall have no further obligation to the Executive hereunder.

Termination Because of Death. If the Executive dies during the Term, the Company shall pay to the Executive his her salary through the Termination Date, his her accrued, unused vacation and a pro rata portion of the amount of the Annual Bonus that the Executive received for the calendar year prior to the calendar year in which the Termination Date occurs, which shall be paid on the Company's normal bonus payment schedule. If the Executive dies prior to January 1, 20032004, the Annual Bonus for the first calendar year shall be deemed to be 50 25 percent of the Executive's salary at the time of the Executive's death. The Company shall have no further obligation to the Executive hereunder.