Common use of Termination by Virtue of Death or Disability of Executive Clause in Contracts

Termination by Virtue of Death or Disability of Executive. (a) In the event of Executive’s death while employed pursuant to this Agreement, all obligations of the parties hereunder shall terminate immediately, and the Company shall, pursuant to the Company’s standard payroll policies, provide to Executive’s legal representatives Executive’s Accrued Obligations, but neither Executive nor Executive’s legal representatives will be eligible for the Non-CIC Severance Benefits, the CIC Severance Benefits, or any other severance compensation or benefit.

Appears in 12 contracts

Samples: Employment Agreement (Sensei Biotherapeutics, Inc.), Employment Agreement (Sensei Biotherapeutics, Inc.), Employment Agreement (Sensei Biotherapeutics, Inc.)

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Termination by Virtue of Death or Disability of Executive. (a) In the event of Executive’s death while employed pursuant to this Agreement, all obligations of the parties hereunder shall terminate immediately, and Executive’s estate or beneficiaries shall not receive a payment under any applicable short-term incentive compensation plan for the year in which his or her termination from employment occurs, and shall not receive any severance payments or any other severance benefits or compensation. The Company shall, pursuant to the Company’s its standard payroll policies, provide pay to Executive’s legal representatives Executive’s any Accrued Obligations, but neither Executive nor Executive’s legal representatives will be eligible for the Non-CIC Severance Benefits, the CIC Severance Benefits, or any other severance compensation or benefit.

Appears in 6 contracts

Samples: Severance Agreement (DuPont Fabros Technology LP), Severance Agreement (Dupont Fabros Technology, Inc.), Severance Agreement (Dupont Fabros Technology, Inc.)

Termination by Virtue of Death or Disability of Executive. (a) In the event of Executive’s death while employed pursuant to this Agreement, all obligations of the parties hereunder shall will terminate immediately. Executive’s legal representatives will not receive the Severance Benefits, and the Company shallor any other severance compensation or benefit, except that, pursuant to the Company’s standard payroll policies, the Company will provide to Executive’s legal representatives Executive’s the Accrued Obligations, but neither Executive nor Executive’s legal representatives will be eligible for the Non-CIC Severance Benefits, the CIC Severance Benefits, or any other severance compensation or benefit.

Appears in 6 contracts

Samples: Employment Agreement (Entasis Therapeutics Holdings Inc.), Employment Agreement (Entasis Therapeutics Holdings Inc.), Employment Agreement (Entasis Therapeutics Holdings Inc.)

Termination by Virtue of Death or Disability of Executive. (a) In the event of Executive’s death while employed pursuant to this Agreement, all obligations of the parties hereunder shall terminate immediately, and the Company shall, pursuant to the Company’s standard payroll policies, provide to Executive’s legal representatives Executive’s all Accrued Obligations, but neither Executive nor Executive’s legal representatives will be eligible for the Non-CIC Severance Benefits, the CIC Severance Benefits, or any other severance compensation or benefit.

Appears in 3 contracts

Samples: Employment Agreement (Invea Therapeutics, Inc), Employment Agreement (Invea Therapeutics, Inc), Employment Agreement (Invea Therapeutics, Inc)

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Termination by Virtue of Death or Disability of Executive. (a) In the event of Executive’s death while employed pursuant to this Agreement, all obligations of the parties hereunder shall terminate immediately, and Executive will not receive the Severance Benefits, or any other severance compensation or benefit, except that, the Company shall, pursuant to the Company’s standard payroll policies, provide to Executive’s legal representatives Executive’s Accrued Obligations. Notwithstanding the foregoing, but neither Executive nor Executive’s legal representatives will treatment of any unvested equity awards shall be eligible for governed by the Non-CIC Severance Benefits, terms of the CIC Severance Benefits, or any other severance compensation or benefitapplicable equity plans and award agreements.

Appears in 1 contract

Samples: Executive Agreement (RE/MAX Holdings, Inc.)

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