Common use of Termination for Death Clause in Contracts

Termination for Death. (a) The Employment Term will terminate immediately upon Executive’s death. Upon such termination, Company will pay to any beneficiaries designated by Executive in writing in Exhibit C (the “Death Benefits Recipients”), or in the absence of such designation, to Executive’s estate, in lieu of any other severance benefits or any other compensation:

Appears in 6 contracts

Samples: Executive Employment Agreement (Micromet, Inc.), Executive Employment Agreement (Micromet, Inc.), Executive Employment Agreement (Micromet, Inc.)

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Termination for Death. (a) The Employment Term will terminate immediately upon Executive’s death. Upon such termination, the Company will pay to any beneficiaries designated by Executive in writing in Exhibit C (the “Death Benefits Recipients”), or in the absence of such designation, to Executive’s estate, in lieu of any other severance benefits or any other compensation:

Appears in 1 contract

Samples: Executive Employment Agreement (Micromet, Inc.)

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