Common use of Termination for Death Clause in Contracts

Termination for Death. If the Executive’s employment is terminated by death pursuant to Section 4.3, the Company shall pay to the estate of the Executive the compensation which would otherwise be payable to the Executive under Section 3.1 of this Agreement through the last day of her actual employment by the Company

Appears in 1 contract

Samples: Employment and Non Competition Agreement (iGambit, Inc.)

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Termination for Death. If the Executive’s 's employment is terminated by death pursuant to Section 4.3hereunder shall terminate upon Executive's death. In such event, the Company shall pay to Executive's estate his Base Salary until the estate end of the Executive month in which the death occurred, all accrued but unused vacation pay, all deferred compensation which would otherwise be payable owed to the Executive under Section 3.1 of this Agreement through the last day of her actual employment by the Companyany other agreements, and all unreimbursed expenses which are reimbursable pursuant to Article 4 incurred prior to his death.

Appears in 1 contract

Samples: Employment Agreement (Cytomedix Inc)

Termination for Death. If In the event the Executive’s 's employment is terminated by death pursuant due to Section 4.3his death, this Agreement shall automatically terminate as of the date of the death. At such time, the Company shall pay have the following obligations to the Executive's estate (but no other obligations to the Executive's estate pursuant to this Agreement): (i) the payment of Executive's earned and unpaid base salary and (ii) the payment of the Executive Special Termination Payment (as defined in Section 8 below). Such payments shall be made within 30 days after the compensation which would otherwise be payable to date of the Executive under Section 3.1 of this Agreement through the last day of her actual employment by the CompanyExecutive's death

Appears in 1 contract

Samples: Employment Agreement (Wackenhut Corp)

Termination for Death. If the Executive’s employment is terminated by death pursuant to Section 4.34.4, the Company shall pay to the estate of the Executive the compensation which would and benefits otherwise be payable to the Executive him under Section 3.1 3 of this Agreement through the last day of her his actual employment by the Company, as well as such Base Salary and cash bonuses which would have been payable to him under Section 3 if employed upon the same terms and conditions for the sum of (i) twelve

Appears in 1 contract

Samples: Employment Agreement (iGambit, Inc.)

Termination for Death. If The Executive’s employment shall terminate upon the Executive’s employment is terminated by death pursuant to Section 4.3death. In that event, the Company shall pay to Executive’s estate the estate equivalent of the Executive the compensation which would otherwise be payable to the Executive under Section 3.1 of this Agreement through the last day of her actual employment by nine month’s severance pay in accordance with the Company’s normal payroll schedule and shall continue Executive’s family health care benefits for such nine-month period as well.

Appears in 1 contract

Samples: Employment Agreement (Trailer Bridge Inc)

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Termination for Death. If the Executive’s employment is terminated by death pursuant to Section 4.3, the Company shall pay to the estate of the Executive the compensation which would otherwise be payable to the Executive under Section 3.1 of this Agreement through the last day of her his actual employment by the Company. In addition, in the event that any Sale Bonus becomes payable pursuant to Section 3.2 hereof, in accordance with its terms (including Section 3.2(e) and Section 3.2(f)(iv)), such Sale Bonus (if any) shall be paid by the Company to the estate of the Executive.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (iGambit, Inc.)

Termination for Death. If Following the Effective Time, if the Executive’s employment is terminated by death pursuant to Section 4.3reason of his death, the Executive shall receive his full Base Salary and accrued but unused vacation through the Effective Date of Termination, at the rate then in effect, t which point in time the Executive’s benefits shall be determined in accordance with the Company’s survivor’s benefits, insurance, and other applicable plans and programs of the Company then in effect, and the Company shall pay to the estate of the Executive the compensation which would otherwise be payable have no further obligations to the Executive under Section 3.1 of this Agreement through the last day of her actual employment by the CompanyAgreement.

Appears in 1 contract

Samples: Severance Agreement (Applied Films Corp)

Termination for Death. If The Executive's employment shall terminate upon the Executive’s employment is terminated by death pursuant to Section 4.3's death. In that event, the Company shall pay to Executive's estate the estate equivalent of the Executive the compensation which would otherwise be payable to the Executive under Section 3.1 of this Agreement through the last day of her actual employment by the Companynine month's severance pay and shall continue Executive's family health care benefits for such nine-month period as well.

Appears in 1 contract

Samples: Employment Agreement (Trailer Bridge Inc)

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