Common use of Upon Death Clause in Contracts

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.

Appears in 8 contracts

Samples: Employment and Non Competition Agreement (Intelidata Technologies Corp), Employment and Non Competition Agreement (Intelidata Technologies Corp), Employment and Non Competition Agreement (Intelidata Technologies Corp)

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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.

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (Intelidata Technologies Corp), Employment and Non Competition Agreement (Intelidata Technologies Corp)

Upon Death. In the event that the Employment Period terminates pursuant to Section 3.1(ii3.2(f) on account of the death of the Executive Executive, (i) the Company shall pay to the Executive's ’s surviving spouse or, if none, his estate, within 30 days of such termination, a lump-sum amount equal to the sum of the Executive's ’s earned and unpaid salary through the date of his death, any Bonus agreed to bonus definitively earned by the Company Executive but not yet paid to the Executive, additional salary in lieu of Executive's ’s accrued and unused vacation, any unreimbursed business and entertainment expenses in accordance with the Company's ’s policies, and any unreimbursed or unpaid employee benefit expenses benefits that are reimbursable payable in accordance with the Company's ’s employee benefit plans through the date of termination (collectively, the "Standard Termination Payments"), ”) and (ii) death benefits, if any, under the Company's ’s employee benefit plans shall be paid to the Executive's ’s beneficiaries as properly designated in writing by the Executive.

Appears in 2 contracts

Samples: Employment Agreement (Vision-Ease Lens CORP), Employment Agreement (Vision-Ease Lens CORP)

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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 ’s surviving spouse or, if none, his her estate, a lump-sum amount equal to the sum of the Executive's ’s earned and unpaid salary through the date of his her death, any Bonus agreed to by the Company but not yet paid to the Executive, additional salary in lieu of Executive's ’s accrued and unused vacation, any unreimbursed business and entertainment expenses in accordance with the Company's ’s policies, and any unreimbursed employee benefit expenses that are reimbursable in accordance with the Company's ’s employee benefit plans (collectively, the "Standard Termination Payments"), and (ii) death benefits, if any, under the Company's ’s employee benefit plans shall be paid to the Executive's ’s beneficiaries as properly designated in writing by the Executive.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Intelidata Technologies Corp)

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