Common use of Termination Upon Executive’s Death Clause in Contracts

Termination Upon Executive’s Death. In the event of Executive’s death, this Agreement shall terminate and Cedar Fair shall pay to Executive’s estate any compensation and benefits earned but not yet paid as of the date of Executive’s death. Such payment shall be made within ninety (90) days following Executive’s death; provided that where the ninety- (90-) day period begins in one calendar year and ends in another year, neither the estate nor Executive’s beneficiary(ies) shall have the right to designate the taxable year of payment. Upon Executive’s death, during the remainder of the Employment Term (not in excess of twenty-four (24) months following Executive’s death), Cedar Fair, at its expense, shall continue the health care coverage for Executive’s spouse and eligible dependents, subject to the terms and conditions of Section 5(b) hereof.

Termination Upon Executive’s Death. In the event of Executive’s 's death, this Agreement shall terminate and Cedar Fair shall pay to Executive’s 's estate any compensation and benefits earned but not yet paid as of the date of Executive’s 's death. Such payment shall be made within ninety (90) days following Executive’s 's death; provided that where the ninety- (90-) day period begins in one calendar year and ends in another year, neither the estate nor Executive’s 's beneficiary(ies) shall have the right to designate the taxable year of payment. Upon Executive’s 's death, during the remainder of the Employment Term (not in excess of twenty-four (24) months following Executive’s 's death), Cedar Fair, at its expense, shall continue the health care coverage for Executive’s 's spouse and eligible dependents, subject to the terms and conditions of Section 5(b) hereof.