Common use of Termination by Reason of Death Clause in Contracts

Termination by Reason of Death. If Employee shall die while employed by the Company both prior to termination of employment and during the effective term of this Agreement, all Employee's rights under this Agreement shall terminate with the payment of such amounts of annual Base Salary as have accrued but remain unpaid and a prorated amount of targeted bonus under the Company's Management Bonus Program through the month in which his death occurs, plus three additional months of the fixed salary and targeted bonus. All benefits under 7b.ii., 7b.iv and 7b.v. shall be extended to Employee's estate as described in such paragraphs. In addition, Employee's eligible dependents shall receive continued benefit plan coverage under Paragraph 7b.iii. for three months from the date of Employee's death.

Appears in 7 contracts

Samples: Employment Agreement (Cyberguard Corp), Employment Agreement (Cyberguard Corp), Employment Agreement (Cyberguard Corp)

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Termination by Reason of Death. If Employee shall die while employed by the Company both prior to termination of employment and during the effective term Term of this Agreement, all Employee's rights under this Agreement shall terminate with the payment of such amounts of annual Base Salary as have accrued but remain unpaid and a prorated amount of targeted bonus under the Company's Management Bonus Program through the month in which his death occurs, plus three additional months of the fixed salary and targeted bonus. All benefits under 7b.ii., 7b.iv and 7b.v. shall be extended to Employee's estate as described in such paragraphs. In addition, Employee's eligible dependents shall receive continued benefit plan coverage under Paragraph 7b.iii. for three months from the date of Employee's death.

Appears in 5 contracts

Samples: Employment Agreement (Cyberguard Corp), Employment Agreement (Proctor David), Employment Agreement (Cyberguard Corp)

Termination by Reason of Death. If Employee shall die while employed by the Company Company, both prior to termination of employment and during the effective term Term of this Agreement, except as otherwise provided herein, all of Employee's ’s rights under this Agreement shall terminate with following the payment of such amounts of annual Base Salary as that have accrued but remain unpaid and unpaid, the payment of a prorated pro rata portion of his target bonus amount of targeted bonus under the Company's Management Bonus Program through the month in which his death occurs, plus three (3) additional months of the fixed such salary and targeted bonusbonus payments. All benefits under 7b.ii.Paragraphs 7(b)(ii), 7b.iv 7(b)(iv) and 7b.v. 7(b)(v) herein shall be extended to Employee's ’s estate as described in such paragraphsParagraphs. In addition, Employee's ’s eligible dependents shall receive continued benefit plan coverage under Paragraph 7b.iii. 7(b)(iii) for three (3) months from the date of Employee's ’s death.

Appears in 4 contracts

Samples: Employment Agreement (Quepasa Corp), Employment Agreement (Quepasa Corp), Employment Agreement (Quepasa Corp)

Termination by Reason of Death. If Employee shall die while employed by the Company both prior to termination of employment and during the effective term Term of this Agreement, all Employee's ’s rights under this Agreement shall terminate with the payment of such amounts of annual Base Salary as have accrued but remain unpaid and a prorated amount of targeted bonus under the Company's ’s Management Bonus Program through the month in which his death occurs, plus three additional months of the fixed salary and targeted bonus. All benefits under 7b.ii., 7b.iv and 7b.v. shall be extended to Employee's ’s estate as described in such paragraphs. In addition, Employee's ’s eligible dependents shall receive continued benefit plan coverage under Paragraph 7b.iii. for three months from the date of Employee's ’s death.

Appears in 2 contracts

Samples: Employment Agreement (Cyberguard Corp), Employment Agreement (Cyberguard Corp)

Termination by Reason of Death. If Employee shall die while employed by the Company both prior to termination of employment and during the effective term of this Agreement, all Employee's rights under this Agreement shall terminate with the payment of such amounts of annual Base Salary as have accrued but remain unpaid and a prorated amount of targeted incentive bonus under the Company's Management Bonus Program through the month in which his death occurs, plus three additional months of the fixed salary and targeted bonus. All benefits under 7b.ii., 7b.iv Paragraph 7(b)(ii) and 7b.v. (iv) shall be extended to Employee's estate as described in such paragraphsParagraphs. In addition, Employee's eligible dependents shall receive continued benefit plan coverage under Paragraph 7b.iii. 7(b)(iii) for three months from the date of Employee's death.

Appears in 2 contracts

Samples: Employment Agreement (Cyberguard Corp), Employment Agreement (Cyberguard Corp)

Termination by Reason of Death. If Employee shall die while ---------------------------------- employed by the Company both prior to termination of employment and during the effective term of this Agreement, all Employee's rights under this Agreement shall terminate with the payment of such amounts of annual Base Salary base salary as have accrued but remain unpaid and a prorated amount of targeted bonus under the Company's Management Executive Bonus Program Plan through the month in which his death occurs, plus three six additional months of the fixed salary and targeted bonus. All benefits under 7b.ii., 7b.iv and 7b.vParagraphs 8.c. shall be extended to Employee's estate as described in such paragraphs. In addition, Employee's eligible dependents shall receive continued benefit plan coverage under Paragraph 7b.iii8.b. for three six months from the date of Employee's death.

Appears in 1 contract

Samples: Employment Agreement (Concurrent Computer Corp/De)

Termination by Reason of Death. If Employee shall die while ----------------------------------- employed by the Company both prior to termination of employment and during the effective term of this Agreement, all Employee's rights under this Agreement shall terminate with the payment of such amounts of annual Base Salary base salary as have accrued but remain unpaid and a prorated amount of targeted bonus under the Company's Management Executive Bonus Program Plan through the month in which his death occurs, plus three six additional months of the fixed salary and targeted bonus. All benefits under 7b.ii., 7b.iv Paragraphs 7.b.ii and 7b.v. 7.b.iv shall be extended to Employee's estate as described in such paragraphs. In addition, Employee's eligible dependents shall receive continued benefit plan coverage under Paragraph 7b.iii. 7.b.iii for three six months from the date of Employee's death.

Appears in 1 contract

Samples: Employment Agreement (Concurrent Computer Corp/De)

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Termination by Reason of Death. If Employee shall die while employed by the Company both prior to termination of employment and during the effective term Term of this Agreement, all Employee's rights under this Agreement shall terminate with the payment of such amounts of annual Base Salary as have accrued but remain unpaid and a prorated amount of targeted bonus under the Company's Management Bonus Program through the month in which his her death occurs, plus three additional months of the fixed salary and targeted bonus. All benefits under 7b.ii., 7b.iv and 7b.v. shall be extended to Employee's estate as described in such paragraphs. In addition, Employee's eligible dependents shall receive continued benefit plan coverage under Paragraph 7b.iii. for three months from the date of Employee's death.

Appears in 1 contract

Samples: Employment Agreement (Cyberguard Corp)

Termination by Reason of Death. If Employee shall die while ----------------------------------- employed by the Company both prior to termination of employment and during the effective term of this Agreement, all Employee's rights under this Agreement shall terminate with the payment of such amounts of annual Base Salary base salary as have accrued but remain unpaid and a prorated amount of targeted bonus under the Company's Management Executive Bonus Program Plan through the month in which his death occurs, plus three six additional months of the fixed salary and targeted bonus. All benefits under 7b.ii., 7b.iv Paragraphs 8.b. and 7b.v8.d. shall be extended to Employee's estate as described in such paragraphs. In addition, Employee's eligible dependents shall receive continued benefit plan coverage under Paragraph 7b.iii8.c. for three six months from the date of Employee's death.

Appears in 1 contract

Samples: Employment Agreement (Concurrent Computer Corp/De)

Termination by Reason of Death. If Employee shall die while employed by the Company both prior to termination of employment and during the effective term of this Agreement, all Employee's rights under this Agreement shall terminate with the payment of such amounts of annual Base Salary as have accrued but remain unpaid and a prorated amount of targeted incentive bonus under the Company's Management Bonus Program through the month in which his death occurs, plus three additional months of the fixed salary and targeted bonus. All benefits under 7b.ii., 7b.iv 7 (b)(ii) and 7b.v. (iv) shall be extended to Employee's estate as described in such paragraphs. In addition, Employee's eligible dependents shall receive continued benefit plan coverage under Paragraph 7b.iii. 7 (b) (iii) for three months from the date of Employee's death.

Appears in 1 contract

Samples: Employment Agreement (Cyberguard Corp)

Termination by Reason of Death. If Employee shall die while employed by the Company both prior to termination of employment and during the effective term of this Agreement, all Employee's rights under this Agreement shall terminate with the payment of such amounts of annual Base Salary base salary as have accrued but remain unpaid and a prorated amount of targeted bonus under the Company's Management Executive Bonus Program Plan through the month in which his death occurs, plus three six additional months of the fixed salary and targeted bonus. All benefits under 7b.ii., 7b.iv Paragraphs 7.b.ii and 7b.v. 7.b.iv shall be extended to Employee's estate as described in such paragraphs. In addition, Employee's eligible dependents shall receive continued benefit plan coverage under Paragraph 7b.iii. 7.b.iii for three six months from the date of Employee's death.

Appears in 1 contract

Samples: Employment Agreement (Cyberguard Corp)

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