Common use of Termination by Reason of Death Clause in Contracts

Termination by Reason of Death. If Executive dies during the Term, the last beneficiary designated by Executive by written notice to the Company (or, in the absence of such designation, Executive’s estate) shall be entitled only to the Standard Termination Payments, including any benefits that may be payable under any life insurance benefit of Executive for which the Company pays premiums, in accordance with the terms of any such benefit and subject to the right of the Company (or its applicable affiliate) to at any time amend or terminate any such benefit.

Appears in 26 contracts

Samples: Employment Agreement (Light & Wonder, Inc.), Employment Agreement (Light & Wonder, Inc.), Employment Agreement (SciPlay Corp)

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Termination by Reason of Death. If Executive dies during the TermTerm of this Agreement, the Company shall pay to the last beneficiary designated by the Executive by written notice to the Company (or, in the absence of failing such designation, to Executive’s estate) shall be entitled only to , the Standard Termination Payments, including any benefits that may be payable under any life insurance benefit of Executive for which the Company pays premiums, in accordance with the terms of any such benefit and subject to the right of the Company (or its applicable affiliate) to at any time amend or terminate any such benefit.following amounts:

Appears in 8 contracts

Samples: Employment Agreement (Scientific Games Corp), Employment Agreement (Scientific Games Corp), Employment Agreement (Scientific Games Corp)

Termination by Reason of Death. If Executive dies during the Term, the last beneficiary designated by Executive by written notice to the Company (or, in the absence of such designation, Executive’s estate) shall be entitled only to the Standard Termination PaymentsPayments (including, including if applicable, any benefits that may be payable under any life insurance benefit of Executive for which the Company pays premiums, in accordance with the terms of any such benefit and subject to the right of the Company (or its applicable affiliate) to at any time amend or terminate any such benefit).

Appears in 6 contracts

Samples: Employment Agreement (Scientific Games Corp), Employment Agreement (Scientific Games Corp), Employment Agreement (Scientific Games Corp)

Termination by Reason of Death. If Executive dies during the Term, the last beneficiary designated by Executive by written notice to the Company (or, in the absence of such designation, Executive’s estate) shall be entitled only to the Standard Termination Payments, including any benefits that may be payable under any life insurance benefit of Executive for which the Company pays premiums, in accordance with the terms of any such benefit following compensation and subject to the right of the Company (or its applicable affiliate) to at any time amend or terminate any such benefit.benefits:

Appears in 4 contracts

Samples: Employment Agreement (Scientific Games Corp), Employment Agreement (Scientific Games Corp), Amendment to Employment Agreement (Scientific Games Corp)

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Termination by Reason of Death. If Executive dies during the Term, the last beneficiary designated by Executive by written notice to the Company (or, in the absence of such designation, Executive’s estate) shall be entitled only to the Standard Termination Payments, including any benefits that may be payable under any life insurance benefit of Executive for which the Company pays premiums, in accordance with the terms of any such benefit and subject to the right of the Company (or its applicable affiliate) to at any time amend or terminate any such benefit, and, as currently provided by the Company’s equity incentive plan, all equity awards held by Executive shall vest in full.

Appears in 3 contracts

Samples: Employment Agreement (Scientific Games Corp), Employment Agreement (SciPlay Corp), Employment Agreement (Scientific Games Corp)

Termination by Reason of Death. If Executive dies during the Term, the Company shall pay to the last beneficiary designated by Executive by written notice to the Company (or, in the absence of failing such designation, to Executive’s estate) shall be entitled only to , the Standard Termination Payments, including any benefits that may be payable under any life insurance benefit of Executive for which the Company pays premiums, in accordance with the terms of any such benefit and subject to the right of the Company (or its applicable affiliate) to at any time amend or terminate any such benefit.following amounts:

Appears in 2 contracts

Samples: Employment Agreement (Scientific Games Corp), Employment Agreement (Scientific Games Corp)

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