Common use of Termination of Employment Term Clause in Contracts

Termination of Employment Term. (a) In the event of the death of the Executive during the Employment Term, the Executive's employment hereunder shall automatically terminate as of the date of death; provided, however, that the Executive's estate or legal representative, as the case may be, shall be entitled to receive, and the Company shall pay, any accrued and unpaid Salary for a one (1) year period following the date of death, any Performance Bonus that would be payable for the one (1) year period in which the Executive died which are properly owing to the Executive pursuant to Section 6 hereof.

Appears in 3 contracts

Samples: Employment Agreement (Adventure Energy, Inc.), Employment Agreement (Xybernaut Corp), Employment Agreement (Xybernaut Corp)

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Termination of Employment Term. (a) In the event of the death of the Executive during the Employment Term, the Executive's employment hereunder shall automatically terminate as of the date of death; provided, ; however, that the Executive's estate or legal representative, as the case may be, shall be entitled to receive, and the Company shall pay, any accrued and unpaid Salary salary for a one (1) year period following the date of death, death and reimbursement of any Performance Bonus that would be payable for the one (1) year period in which the Executive died amounts which are properly owing to the Executive pursuant to Section SECTION 6 hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Usa Broadband Inc)

Termination of Employment Term. (a) In the event of the death of the Executive during the Employment Term, the Executive's employment hereunder shall automatically terminate as of the date of death; provided, however, that the Executive's estate or legal representative, as the case may be, shall be entitled to receive, and the Company shall pay, any accrued and unpaid Salary for a one (1) year period following the date of death, any Performance Bonus that would be payable for the one (1) year period in which the Executive died which are properly owing to the Executive pursuant to Section 6 hereof.

Appears in 1 contract

Samples: Escrow Agreement (Xybernaut Corp)

Termination of Employment Term. (a) In the event of the death of the Executive during the Employment Term, the Executive's ’s employment hereunder shall automatically terminate as of the date of death; provided, however, that the Executive's estate or legal representative, as the case may be, shall be entitled to receive, and the Company shall pay, any accrued and unpaid Salary for a one (1) year period following the date of death, any Performance Bonus that would be payable for the one (1) year period in which the Executive died which are properly owing to the Executive pursuant to Section 6 hereof.

Appears in 1 contract

Samples: Employment Agreement (Xybernaut Corp)

Termination of Employment Term. (a) In the event of the death of the Executive during the Employment Term, the Executive's employment hereunder shall automatically terminate as of the date of death; provided, however, that the Executive's estate or legal representative, as the case may be, shall be entitled to receive, and the Company shall pay, any accrued and unpaid Salary for a one two (12) year period following the date of death, any Performance Bonus that would be payable for the one (1) year period in which the Executive died which are properly owing to the Executive pursuant to Section 6 hereof.

Appears in 1 contract

Samples: Employment Agreement (Xybernaut Corp)

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Termination of Employment Term. (a) In the event of the death of the Executive during the Employment Term, the Executive's employment hereunder shall automatically terminate as of the date of death; provided, however, that the Executive's estate or 8 legal representative, as the case may be, shall be entitled to receive, and the Company shall pay, any accrued and unpaid Salary for a one two (12) year period following the date of death, any Performance Bonus that would be payable for the one two (12) year period in which the Executive died which are properly owing to the Executive pursuant to Section 6 hereof.

Appears in 1 contract

Samples: Employment Agreement (Xybernaut Corp)

Termination of Employment Term. (a) In the event of the death of the Executive during the Employment Term, the Executive's employment hereunder shall automatically terminate as of the date of death; provided, however, that the Executive's estate or legal representative, as the case may be, shall be entitled to receive, and the Company shall pay, any accrued and unpaid pay Salary to such estate or legal representative for a one (1) year period through the end of the month following the date of death, any Performance Bonus that would be payable for the one (1) year period in which the Executive died which are properly owing to the Executive pursuant to Section 6 hereof.

Appears in 1 contract

Samples: Employment Agreement (Xybernaut Corp)

Termination of Employment Term. (a) In the event of the death of the Executive during the Employment Term, the Executive's employment hereunder shall automatically terminate as of the date of death; provided, however, that the Executive's estate or legal representative, as the case may be, shall be entitled to receive, and the Company shall pay, any accrued and unpaid Salary for a one two (12) year period following the date of death, any Performance Bonus that would be payable for the one two (12) year period in which the Executive died which are properly owing to the Executive pursuant to Section 6 hereof.

Appears in 1 contract

Samples: Employment Agreement (Xybernaut Corp)

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