Common use of Termination on Account of Death Clause in Contracts

Termination on Account of Death. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive, and Executive not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive’s estate executes and does not revoke the Release:

Appears in 5 contracts

Samples: Executive Consulting Agreement (Core Lithium Corp.), Executive Employment Agreement (Grow Condos, Inc.), Executive Employment Agreement (NewBridge Global Ventures, Inc.)

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Termination on Account of Death. Notwithstanding anything in this Agreement to the contrary, if Executive’s 's employment terminates on account of Executive's death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive, and Executive not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive’s estate executes and does not revoke the Release:.

Appears in 4 contracts

Samples: Executive Employment Agreement (CUI Global, Inc.), Executive Employment Agreement (CUI Global, Inc.), Executive Employment Agreement (Orbital Infrastructure Group, Inc.)

Termination on Account of Death. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive (including under the original terms of any stock option or Restricted Stock Units held by Executive), and Executive shall not receive payments or benefits pursuant to Sections 2 and 3 hereofSection 2, except that, subject to that any of Executive’s XXXx that remain outstanding as of the provisions date of Section 5 hereof, the Executive death shall be entitled to treated in accordance with the following benefits provided that Executive’s estate executes and does not revoke terms of the Release:PRU Agreement.

Appears in 4 contracts

Samples: Executive Employment Agreement (Costco Wholesale Corp /New), Executive Employment Agreement (Costco Wholesale Corp /New), Executive Employment Agreement (Costco Wholesale Corp /New)

Termination on Account of Death. Notwithstanding anything in this Agreement to the contrary, if Executive’s 's employment terminates on account of death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive, and Executive not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive’s 's estate executes and does not revoke the Release:

Appears in 2 contracts

Samples: Executive Employment Agreement (Gold Lakes Corp.), Executive Employment Agreement (Grow Condos, Inc.)

Termination on Account of Death. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive, and Executive not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits benefits, and provided that Executive’s estate executes and does not revoke the ReleaseRelease within the timeframe set forth herein:

Appears in 2 contracts

Samples: Release of Claims (Blue Marble Energy Corp), Release of Claims (Blue Marble Energy Corp)

Termination on Account of Death. Notwithstanding anything in this Agreement to In the contrary, if event Executive’s employment terminates on account of deathdeath (other than as provided in Section 3(a)(i)(B) of this Agreement), neither Executive nor any beneficiary of Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive, and Executive not receive benefits pursuant to Sections 2 and 2, 3 or 4 hereof. However, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled receive any amounts earned, accrued or owing but not yet paid to Executive prior to his Termination Date, and any benefits due Executive in accordance with the following benefits provided that Executive’s estate executes terms of any applicable benefit plans and does not revoke programs of the Release:Company.

Appears in 2 contracts

Samples: Executive Severance Agreement (RCM Technologies Inc), Executive Severance Agreement (RCM Technologies Inc)

Termination on Account of Death. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive, and Executive not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive’s estate timely executes and does not revoke the Release:

Appears in 1 contract

Samples: Executive Employment Agreement (Symantec Corp)

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Termination on Account of Death. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive, and Executive shall not receive benefits pursuant to Sections 2 3 and 3 4 hereof, except that, subject to the provisions of Section 5 6 hereof, the Executive shall be entitled to the following benefits benefits, provided that Executive’s estate executes and does not revoke the Release:

Appears in 1 contract

Samples: Executive Employment Agreement (Solei Systems, Inc.)

Termination on Account of Death. Notwithstanding anything in this Agreement to In the contrary, if event Executive’s 's employment terminates on account of deathdeath (other than as provided in Section 3(a)(ii) of this Agreement), neither Executive nor any beneficiary of Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive, and Executive not receive benefits pursuant to Sections 2 and or 3 hereof. However, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled receive any amounts earned, accrued or owing but not yet paid to Executive prior to his Termination Date, and any benefits due Executive in accordance with the following benefits provided that Executive’s estate executes terms of any applicable benefit plans and does not revoke programs of the Release:Company.

Appears in 1 contract

Samples: Executive Severance Agreement (RCM Technologies Inc)

Termination on Account of Death. Notwithstanding anything in this Agreement to the contrary, if the Executive’s employment terminates on account of death, Executive the Executive’s Estate shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers the Executive, and Executive the Executive’s Estate shall not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that the Executive’s estate Estate executes and does not revoke the Release:General Release and Agreement (as defined in Section 5):

Appears in 1 contract

Samples: General Release and Agreement (Webstar Technology Group Inc.)

Termination on Account of Death. Notwithstanding anything in this Agreement to the contrary, if Executive’s 's employment terminates on account of death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive, and Executive not receive benefits pursuant to Sections 2 and 3 hereof, except that, . subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive’s 's estate executes and does not revoke the Release:

Appears in 1 contract

Samples: Executive Employment Agreement (Teamupsport Inc.)

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