Termination Upon Death of Executive. This Agreement will terminate automatically upon the death of the Executive, in which event the Company shall have no further obligations or liabilities under this Agreement (including, without limitation, Section 3 hereof) except to pay to the Executive’s estate or his personal representative, as the case may be, the Standard Termination Benefits.
Appears in 5 contracts
Samples: Employment Agreement (iBio, Inc.), Employment Agreement (iBio, Inc.), Employment Agreement (iBio, Inc.)
Termination Upon Death of Executive. This Agreement will terminate automatically upon shall immediately terminate, and all rights, benefits and obligations hereunder shall cease, in the death event of the Executive's death; provided, however, that his heirs shall continue to be paid his salary for a period of one (1) year thereafter and participate in which event the Company shall have no further obligations or liabilities under this Agreement (including, without limitation, Section 3 hereof) except to pay to the Executive’s estate or his personal representative, as the case may be, the Standard Termination BenefitsCompany's medical insurance plans.
Appears in 2 contracts
Samples: Employment Agreement (Netplex Systems Inc), Employment Agreement (Netplex Group Inc)
Termination Upon Death of Executive. This Notwithstanding the previous provisions of Section 3 of this Agreement, this Agreement will shall terminate automatically upon the Executive’s death of the and Executive, in which event the Company shall have no further obligations or liabilities ’s rights under this Agreement (includingshall cease as of the date of such termination without further compensation due Executive, without limitationprovided, Section 3 hereof) except however, that Executive shall be entitled to pay to the Executive’s estate or receive his personal representative, as the case may be, the Standard Termination Accrued Benefits.
Appears in 2 contracts
Samples: Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc)
Termination Upon Death of Executive. This Agreement will terminate automatically upon the death of the Executive, in which event the Company shall have no further obligations or liabilities under this Agreement (including, without limitation, Section 3 hereof) except to pay to the Executive’s estate or his personal representative, as the case may be, the Standard Termination Benefits..
Appears in 1 contract
Samples: Employment Agreement (Wayside Technology Group, Inc.)
Termination Upon Death of Executive. This If during the term of this Agreement will Executive dies, then this Agreement shall terminate automatically upon the death of the Executive, in which event the and Company shall have no further obligations or liabilities under this Agreement (including, without limitation, Section 3 hereof) except to pay to the Executive’s estate or his personal representative, as the case may be, the Standard Termination Benefits.of
Appears in 1 contract
