Common use of Termination Upon Death of Executive Clause in Contracts

Termination Upon Death of Executive. In addition to any other provision relating to the termination, this Agreement shall terminate upon the Executive’s death. In such event, the Company shall pay a severance allowance equal to three (3) months of the base salary without bonuses to the Executive’s estate.

Appears in 8 contracts

Samples: Executive Employment Agreement (Dri Corp), Executive Employment Agreement (Digital Recorders Inc), Executive Employment Agreement (Dri Corp)

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Termination Upon Death of Executive. In addition to any other provision relating to the termination, this Agreement shall terminate upon the Executive’s 's death. In such event, the Company shall pay a severance allowance equal to three one hundred eighty (3180) months of the base days' salary without bonuses to the Executive’s 's estate.

Appears in 5 contracts

Samples: Executive Employment Agreement (American Aircarriers Support Inc), Executive Employment Agreement (American Aircarriers Support Inc), Employment Agreement (American Aircarriers Support Inc)

Termination Upon Death of Executive. In addition to any other provision relating to the termination, this Agreement shall terminate upon the Executive’s 's death. In such event, the Company shall reimburse all outstanding expenses and pay a severance allowance equal to three (3) months of the base six months' salary without bonuses to the Executive’s 's estate.

Appears in 2 contracts

Samples: Executive Employment Agreement (Wheels Sports Group Inc), Executive Employment Agreement (Wheels Sports Group Inc)

Termination Upon Death of Executive. In addition to any other provision relating to the termination, this Agreement shall terminate upon the Executive’s 's death. In such event, the Company shall pay a severance allowance equal to three one hundred eighty (3180) months of the base days' salary without bonuses to the Executive’s 's estate, which may be covered by an insurance policy.

Appears in 2 contracts

Samples: Executive Employment Agreement (American Aircarriers Support Inc), Employment Agreement (American Aircarriers Support Inc)

Termination Upon Death of Executive. In addition to any other provision relating to the termination, this Agreement shall terminate upon the Executive’s death. In such event, the Company shall pay a severance allowance equal to three (3) months of the base months’ salary without bonuses to the Executive’s estate.

Appears in 2 contracts

Samples: Executive Employment Agreement (Digital Recorders Inc), Executive Employment Agreement (Digital Recorders Inc)

Termination Upon Death of Executive. In addition to any other provision relating to the termination, this Agreement shall terminate upon the Executive’s 's death. In such event, the Company shall pay a severance allowance equal to three (3) months of the base six months' salary without bonuses to the Executive’s 's estate.

Appears in 2 contracts

Samples: Executive Employment Agreement (Wheels Sports Group Inc), Executive Employment Agreement (Wheels Sports Group Inc)

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Termination Upon Death of Executive. In addition to any other provision relating to the termination, this Agreement shall terminate upon the Executive’s death. In such event, the Company shall pay a severance allowance equal to three six (36) months of the base salary without bonuses to the Executive’s estate.

Appears in 1 contract

Samples: Executive Employment Agreement (Dri Corp)

Termination Upon Death of Executive. In addition to any other provision relating to the termination, this Agreement shall terminate upon the Executive’s 's death. In such event, the Company shall pay a severance allowance equal to three ninety (390) months of the base days' salary without bonuses to the Executive’s 's estate.

Appears in 1 contract

Samples: Executive Employment Agreement (American Aircarriers Support Inc)

Termination Upon Death of Executive. In addition to any other provision relating to the termination, this Agreement shall terminate upon the Executive’s death. In such event, the Company shall pay a A severance allowance equal to three (3) months 180 days of the base salary without bonuses continuation shall be paid to the Executive’s estateestate pursuant to regularly scheduled salary payments, all benefits shall be continued to the surviving spouse for the same period, and all options held by Executive shall vest and be exercisable pursuant to any outstanding Executive Stock Option Plan.

Appears in 1 contract

Samples: Executive Employment Agreement (Dri Corp)

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