Common use of Termination for Death Clause in Contracts

Termination for Death. This Agreement shall terminate automatically upon the Employee's death. With the exception of any benefits under the Company's employee benefit plans, and any stock options that have vested under the Company's Stock Option Plan(s) which may inure to the benefit of Employee's beneficiaries, upon Employee's death, the Company shall have no further obligations under the terms and conditions of this Agreement. If Employee's employment is terminated pursuant to this section during the Term of this Agreement, employee shall be entitled to his salary through the date of such termination, payment for any pro-rata bonus earned and due at the time of termination pursuant to any (if any) bonus plan(s) the Company may have in effect at the time of termination, and to any other employee benefits maintained or established by the Company for its similarly situated employees.

Appears in 4 contracts

Samples: Employment Agreement (Datatrak International Inc), Employment Agreement (Datatrak International Inc), Employment Agreement (Datatrak International Inc)

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Termination for Death. This Agreement shall terminate automatically upon the Employee's ’s death. With the exception of any benefits under the Company's ’s employee benefit plans, and any stock options that have vested under the Company's ’s Stock Option Plan(s) which may inure to the benefit of Employee's ’s beneficiaries, upon Employee's ’s death, the Company shall have no further obligations under the terms and conditions of this Agreement. If Employee's ’s employment is terminated pursuant to this section during the Term of this Agreement, employee shall be entitled to his salary through the date of such termination, payment for any pro-rata bonus earned and due at the time of termination pursuant to any (if any) bonus plan(s) the Company may have in effect at the time of termination, and to any other employee benefits maintained or established by the Company for its similarly situated employees.

Appears in 2 contracts

Samples: Employment Agreement (Datatrak International Inc), Employment Agreement (Datatrak International Inc)

Termination for Death. This Agreement shall terminate automatically upon the Employee's ’s death. With the exception of any benefits under the Company's ’s employee benefit plans, and any stock options that have vested under the Company's ’s Stock Option Plan(s) ), if any, which may inure to the benefit of Employee's ’s beneficiaries, upon Employee's ’s death, the Company shall have no further obligations under the terms and conditions of this Agreement. If Employee's ’s employment is terminated pursuant to this section during the Term of this Agreement, employee shall be entitled to his salary through the date of such termination, payment for any pro-rata bonus earned and due at the time of termination pursuant to any (if any) bonus plan(s) the Company may have in effect at the time of termination, and to any other employee benefits maintained or established by the Company for its similarly situated employees.

Appears in 1 contract

Samples: Employment Agreement (Installed Building Products, Inc.)

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Termination for Death. This Agreement shall terminate automatically upon the Employee's death. With the exception of any benefits under the Company's employee benefit plans, and any stock options that have vested under the Company's Stock Option Plan(sstock option plan(s) which may inure to the benefit of Employee's beneficiaries, upon Employee's death, the Company shall have no further obligations under the terms and conditions of this Agreement. If Employee's employment is terminated pursuant to this section during the Term of this Agreement, employee Employee shall be entitled to his salary through the date of such termination, payment for any pro-rata bonus earned and due at the time of termination pursuant to any (if any) bonus plan(s) the Company may have in effect at the time of termination, and to any other employee benefits maintained or established by the Company for its similarly similarly-situated employees.

Appears in 1 contract

Samples: Employment Agreement (Datatrak International Inc)

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