Upon Death. In the event of the Executive's death during the term hereof, the Executive's employment hereunder shall immediately and automatically terminate.
Upon Death. Executive's employment hereunder shall terminate upon his death.
Upon Death. In the event of the Employee's death during the term of this Agreement, the Corporation's sole and exclusive obligation will be to pay to the Employee's estate the Employee's compensation earned through the date of death.
Upon Death. In the event of the Employee's death during the term of this Agreement, the Employer's sole and exclusive obligation will be to pay the Employee's spouse, if living, or his estate, if his spouse is not then living, the Employee's compensation earned through he date of death, plus 3 months base compensation severance.
Upon Death. In the event that the Employment Period terminates pursuant to Section 3.1(ii) on account of the death of the Executive (i) the Company shall pay to the Executive's surviving spouse or, if none, his estate, a lump-sum amount equal to the sum of the Executive's earned and unpaid salary through the date of his death, any Bonus agreed to by the Company but not yet paid to the Executive, additional salary in lieu of Executive's accrued and unused vacation, any unreimbursed business and entertainment expenses in accordance with the Company's policies, and any unreimbursed employee benefit expenses that are reimbursable in accordance with the Company's employee benefit plans (collectively, the "Standard Termination Payments"), and (ii) death benefits, if any, under the Company's employee benefit plans shall be paid to the Executive's beneficiaries as properly designated in writing by the Executive.
Upon Death. Subject to the provisions of Section 5.1, if applicable, upon the death of any holder of Shares who is a natural Person, such Shares may be distributed by the will or other instrument taking effect at death of such holder or by applicable laws of descent and distribution to such holder’s estate, executors, administrators and personal representatives, and then to such holder’s heirs, legatees or distributees, whether or not such recipients are Members of the Immediate Family of such holder or a Charitable Organization.
Upon Death. In the event of the Employee's death during the term hereof, the Employee's employment hereunder shall immediately and automatically terminate. In such event, the Company shall pay to the Employee's designated beneficiary or, if no beneficiary has been designated by the Employee, to the Employee's estate, any base salary earned and unpaid through the date of death.
Upon Death. Should a participant die, the Board shall, within sixty (60) days notification of such death, pay any deferred compensation amount retained at the time of death to the participant's estate, subject to the Board receiving any necessary clearance and proofs normally required for payment to estates.
Upon Death. In the event that the Term terminates pursuant to Section 3.2(f) on account of the death of Executive, (i) the Bank will pay to Executive’s surviving spouse or, if none, his estate, a lump-sum amount equal to the sum of Executive’s earned and unpaid salary through the date of his termination, any bonus definitively granted to Executive by the Bank but not yet paid to Executive, additional salary in lieu of Executive’s accrued and unused vacation, any unreimbursed business and entertainment expenses in accordance with the Bank’s policies, and any unreimbursed employee benefit expenses that are reimbursable in accordance with the Bank’s employee benefit plans through the date of termination (collectively, the “Standard Termination Payments”) and (ii) death benefits, if any, under the Bank’s employee benefit plans will be paid to Executive’s beneficiaries as properly designated in writing by Executive. For the avoidance of doubt, the Standard Termination Payments do not include any unvested portion of any annual incentive compensation or bonus.
Upon Death. In the event of the death of Employee, this Agreement shall terminate on the date of death and the estate of Employee shall be entitled to Employee's Base Salary and any additional incentive or bonus compensation apportioned to the date of death and all compensation described in this Agreement shall then cease. In the event any of Employee's immediate family members are covered under any group sickness, accident, dental and health insurance plan maintained by Company at the date of Employee's death, Company shall maintain and provide all payments with respect to such coverages for a period of twelve months.
