Termination Upon Executive’s Death. In the event of the Executive's death, the Company shall pay to the Executive's estate (1) any unpaid amount of Base Compensation through the date of death at his then effective Base Compensation rate plus (2) an amount equal to the pro-rata share of any Incentive Bonus Compensation calculated with respect to the Fiscal Year in which the death occurs.
Appears in 3 contracts
Samples: Executive Employment Agreement (Pharmasystems Holdings Corp), Executive Employment Agreement (Pharmasystems Holdings Corp), Executive Employment Agreement (Pharmasystems Holdings Corp)
Termination Upon Executive’s Death. In the event of the Executive's death, the Company shall pay to the Executive's estate (1) any unpaid amount of Sales Commissions and Base Compensation through the date of death at his the then effective Base Compensation rate plus (2) an amount equal to the pro-rata share of any Incentive Bonus Compensation calculated with respect to the Fiscal Year in which the death occursrate.
Appears in 2 contracts
Samples: Executive Employment Agreement (Team America Corporation), Executive Employment Agreement (Team America Corporation)
Termination Upon Executive’s Death. In the event of the Executive's death, the Company shall pay to the Executive's estate (1) any unpaid amount of Base Compensation Salary through the date of death at his then effective Base Compensation rate plus (2) an amount equal to the pro-rata share of any Incentive Bonus Compensation calculated with respect to the Fiscal Year in which the death occursdeath.
Appears in 2 contracts
Samples: Executive Employment Agreement (Genetic Vectors Inc), Executive Employment Agreement (Genetic Vectors Inc)
Termination Upon Executive’s Death. In the event of the Executive's death, the Company shall pay to the Executive's estate (1) any unpaid amount of Base Compensation through the date of death at his the then effective Base Compensation rate rate, plus (2) an amount equal to the pro-rata share of any Incentive Bonus Compensation calculated expenses incurred in accordance with respect to the Fiscal Year in which the death occursSection 6 hereof.
Appears in 2 contracts
Samples: Employment Agreement (August Project I Corp), Employment Agreement (August Project I Corp)
Termination Upon Executive’s Death. In the event of the Executive's ’s death, the Company shall pay to the Executive's ’s estate (1) any unpaid amount of Base Compensation Salary through the date of death at his the then effective Base Compensation Salary rate plus (2) an amount equal to the pro-rata share of any Incentive Bonus Compensation calculated expenses incurred in accordance with respect to the Fiscal Year in which the death occursSection 6.
Appears in 2 contracts
Samples: Executive Employment Agreement (APT Systems Inc), Executive Employment Agreement (North Springs Resources Corp.)
Termination Upon Executive’s Death. In the event of the Executive's death, the Company shall pay to the Executive's estate (1) any unpaid amount of Base Compensation through the date of death at his the then effective Base Compensation rate rate, plus (2) an amount equal to the pro-rata share of any declared but unpaid Incentive Bonus Compensation calculated Compensation, plus (3) any expenses incurred in accordance with respect to the Fiscal Year in which the death occursSection 6.
Appears in 1 contract
Termination Upon Executive’s Death. In the event of the Executive's death, the Company shall pay to the Executive's estate (1) any unpaid amount of Base Compensation through the date of death at his the then effective Base Compensation rate plus (2) an amount equal to the pro-rata share portion of any Incentive Bonus Compensation bonus calculated with respect to the Fiscal Year in which the death occursoccurs plus (3) the relocation and moving expenses as specified in Section 7(c) above.
Appears in 1 contract
Termination Upon Executive’s Death. In the event of the Executive's death, the Company Company; shall pay to the Executive's estate (1) any unpaid amount of Base Compensation through the date of death at his the then effective Base Compensation rate rate, plus (2) an amount equal to the pro-rata share of any Incentive Bonus Compensation calculated expenses incurred in accordance with respect to the Fiscal Year in which the death occursSection 6.
Appears in 1 contract
Samples: Executive Employment Agreement (Royal Union Holdings, Corp.)
