Common use of Termination upon Death of the Executive Clause in Contracts

Termination upon Death of the Executive. In addition to any other provision relating to termination, this Agreement shall terminate upon the Executive's death. In such event, all unpaid compensation, compensation for vacation time not taken by the Executive and all expense reimbursements due to the Executive shall be paid to the Executive's estate. In the event Executive's employment is terminated pursuant to this Section 3.4, the Executive's estate shall be entitled to a death benefit equal to six months salary and to participate, in the bonus payable pursuant to Section 2.2 with respect to the year in which his employment is terminated pro rated for the year based on the number of full months worked during such year compared to 12.

Appears in 3 contracts

Samples: Executive Employment Agreement (Black Hawk Gaming & Development Co Inc), Employment Agreement (Black Hawk Gaming & Development Co Inc), Employment Agreement (Black Hawk Gaming & Development Co Inc)

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Termination upon Death of the Executive. In addition to any other provision relating to termination, this Agreement shall terminate upon the Executive's death. In such event, all earned and unpaid compensation, compensation for vacation time not taken by the Executive and all expense reimbursements due to the Executive shall be paid to the Executive's estate. In the event the Executive's employment is terminated pursuant to this Section 3.4, the Executive's estate also shall be entitled to a death benefit equal to six months months' salary and to participate, participate in the bonus payable pursuant to Section 2.2 with respect to the year in which his employment is terminated pro rated terminated, prorated for the year based on the number of full months worked during such year compared to 12.

Appears in 2 contracts

Samples: Executive Employment Agreement (Raceland Truck Plaza & Casino LLC), Executive Employment Agreement (Raceland Truck Plaza & Casino LLC)

Termination upon Death of the Executive. In addition to any other provision relating to termination, this Agreement shall terminate upon the Executive's death. In such event, all unpaid compensation, compensation for vacation time not taken by the Executive and all expense reimbursements due to the Executive shall be paid to the Executive's estate. In the event the Executive's employment is terminated pursuant to this Section 3.4, the Executive's estate also shall be entitled to a death benefit equal to six months salary and to participate, participate in the bonus payable pursuant to Section 2.2 with respect to the year in which his employment is terminated pro rated terminated, prorated for the year based on the number of full months worked during such year compared to 12.

Appears in 1 contract

Samples: Employment Agreement (Raceland Truck Plaza & Casino LLC)

Termination upon Death of the Executive. In addition to any other provision relating to termination, this Agreement shall terminate upon the Executive's death. In such event, all unpaid compensation, compensation for vacation time not taken by the Executive and all expense reimbursements due to the Executive shall be paid to the Executive's estate. In the event the Executive's employment is terminated pursuant to this Section SECTION 3.4, the Executive's estate also shall be entitled to a death benefit equal to six months salary and to participate, participate in the bonus payable pursuant to Section SECTION 2.2 with respect to the year in which his employment is terminated pro rated terminated, prorated for the year based on the number of full months worked during such year compared to 12.

Appears in 1 contract

Samples: Executive Employment Agreement (Raceland Truck Plaza & Casino LLC)

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Termination upon Death of the Executive. In addition to any other provision relating to termination, this Agreement shall terminate upon the Executive's death. In such event, all unpaid compensation, compensation for vacation time not taken by the Executive and all expense reimbursements due to the Executive shall be paid to the Executive's estate. In the event the Executive's employment is terminated pursuant to this Section 3.4, the Executive's estate also shall be entitled to a death benefit equal to six months months' salary and to participate, in the bonus payable pursuant to Section SECTION 2.2 with respect to the year in which his employment is terminated pro rated terminated, prorated for the year based on the number of full months worked during such year compared to 12.

Appears in 1 contract

Samples: Executive Employment Agreement (Raceland Truck Plaza & Casino LLC)

Termination upon Death of the Executive. In addition to any other provision relating to termination, this Agreement shall terminate upon the Executive's death. In such event, all unpaid compensation, compensation for vacation time not taken by the Executive and all expense reimbursements due to the Executive shall be paid to the Executive's estate. In the event the Executive's employment is terminated pursuant to this Section 3.4, the Executive's estate also shall be entitled to a death benefit equal to six months months' salary and to participate, in the bonus payable pursuant to Section SECTION 2.2 with respect to the year in which his employment is terminated pro rated terminated, prorated for the year based on the number of full months worked during such year compared to 1212 months.

Appears in 1 contract

Samples: Employment Agreement (Clean Coal Technologies Inc.)

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