Common use of Termination on Death Clause in Contracts

Termination on Death. If the Executive's employment is terminated because of the Executive's death, the Employer shall pay to the beneficiary of the Executive any earned but unpaid Base Compensation and bonus for the period ending on the date of the Executive's death. In addition, the Employer, in accordance with the Employer's past practice, shall reimburse the Executive or the Executive's heirs or estate for expenses incurred in accordance with § 4.

Termination on Death. If the Executive's ’s employment is terminated because of the Executive's ’s death, the Employer shall pay to the beneficiary of the Executive any earned but unpaid Base Compensation and bonus for the period ending on the date of the Executive's ’s death; plus any earned and unpaid annual bonus prorated as of the date of death. In addition, the Employer, in accordance with the Employer's ’s past practice, shall reimburse the Executive or the Executive's ’s heirs or estate for expenses incurred in accordance with § 4.