Death Termination definition
Examples of Death Termination in a sentence
Upon a Death Termination, the Executive’s employment will be deemed to have terminated as of the last day of the month during which his death occurs, and the Company will promptly pay to the Executive’s estate Accrued Compensation, if any, and a lump sum amount equal to the Executive’s Base Salary otherwise payable for the Severance Period at the rate in effect at the time of Death Termination.
After a Change in Control or Combination Transaction and during the term of this Agreement, any purported termination of the Executive's employment (other than by reason of a Death Termination) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with this Section 8.
If Executive's employment is terminated as a result of a Death Termination Event, SynQuest will pay to Executive's estate any Base Salary and Bonus earned but unpaid and any other amounts due to Executive from SynQuest (whether pursuant to benefit plans or otherwise) through the date of Executive's death.
During the term of this Agreement, any purported termination of the Executive’s employment (other than by reason of a Death Termination) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with this Section 8.
The termination of employment as a result of a Death Termination Event will be considered to be without cause.
In addition, the Executive's Estate shall be entitled to receive the payments contemplated by Section 4(c) and Section 4(d) if the event giving rise to such payment occurs, or a definitive agreement regarding such event is executed, before or within 180 days after the Death Termination Event.
In the event of the Participant’s Termination of Service at any time due to Termination Upon Death, Termination For Disability, Termination Without Cause or Resignation For Good Reason, the Restricted Shares shall fully vest and become 100% vested and non-forfeitable on the Termination Date.
As used herein, "Death Termination Event" shall mean the death of the Executive.
Upon a Death Termination, the Executive’s employment will be deemed to have terminated as of the last day of the month during which her death occurs, and the Company will promptly pay to the Executive’s estate Accrued Compensation, if any.
PAE Other Than for Cause, Disability or Death; Termination by Executive for Good Reason Prior to March 19, 2024.