Common use of Death During Employment Clause in Contracts

Death During Employment. If Executive dies during the term of his employment under this Agreement, Employer shall pay to the estate of Executive the compensation which would otherwise be payable to Executive up to the end of the sixth (6th) month after the month in which his death occurs. If, by that time, Executive's estate has not received any proceeds of the insurance provided for in Paragraph 11, Employer shall continue Executive's salary hereunder for up to an additional three months, or until such insurance proceeds are received, whichever is earlier ("Reimbursable Payments"), provided that Executive's estate shall reimburse Employer for any such Reimbursable Payments made from the proceeds of such insurance. All payments of compensation under this Paragraph 13 shall be paid on the fifteenth (15th) and final day of each month according to Employer's customary payroll practices.

Appears in 8 contracts

Samples: Employment Agreement (Uqm Technologies Inc), Employment Agreement (Uqm Technologies Inc), Employment Agreement (Uqm Technologies Inc)

AutoNDA by SimpleDocs

Death During Employment. If Executive dies during the term of his employment under this Agreement, Employer shall pay to the estate or trust of Executive the compensation which would otherwise be payable to Executive up to the end of the sixth (6th) month after the month in which his death occurs. If, by that time, Executive's estate or trust has not received any proceeds of the insurance provided for in Paragraph 11, Employer shall continue Executive's base salary hereunder for up to an additional three months, or until such insurance proceeds are received, whichever is earlier ("Reimbursable Payments"), provided that Executive's estate or trust shall reimburse Employer for any such Reimbursable Payments made from the proceeds of such insurance. All payments of compensation under this Paragraph 13 shall be paid on the fifteenth (15th) and final day of each month according to Employer's customary payroll practices.

Appears in 6 contracts

Samples: Employment Agreement (Uqm Technologies Inc), Employment Agreement (Uqm Technologies Inc), Employment Agreement (Uqm Technologies Inc)

Death During Employment. If Executive dies during the term of his employment under this Agreement, Employer shall pay to the estate or trust of Executive the compensation which Base Salary that would otherwise be payable to Executive up to the end of the sixth (6th) month after the month in which his death occurs. If, by that time, Executive's estate or trust has not received any proceeds of the life insurance provided for in Paragraph 11section 9, Employer shall continue Executive's salary Base Salary hereunder for up to an additional three months, or until such life insurance proceeds are received, whichever is earlier ("Reimbursable Payments"), provided that Executive's estate or trust shall reimburse Employer for any such Reimbursable Payments made from the proceeds of such life insurance. All payments of compensation under this Paragraph 13 Section 7(g) shall be paid on the fifteenth (15th) 15th and final day of each month according to Employer's customary payroll practices.

Appears in 5 contracts

Samples: Employment Agreement (Uqm Technologies Inc), Employment Agreement (Uqm Technologies Inc), Employment Agreement (Uqm Technologies Inc)

Death During Employment. If Executive dies during the term of his employment under this Agreement, Employer shall pay to the estate or trust of Executive the compensation which Base Salary that would otherwise be payable to Executive up to the end of the sixth (6th) month after the month in which his death occurs. If, by that time, Executive's estate or trust has not received any proceeds of the life insurance provided for in Paragraph 11Section 9, Employer shall continue Executive's salary Base Salary hereunder for up to an additional three months, or until such life insurance proceeds are received, whichever is earlier ("Reimbursable Payments"), provided that Executive's estate or trust shall reimburse Employer for any such Reimbursable Payments made from the proceeds of such life insurance. All payments of compensation under this Paragraph 13 Section 7(e) shall be paid on the fifteenth (15th) 15th and final day of each month according to Employer's customary payroll practices.

Appears in 4 contracts

Samples: Employment Agreement (Uqm Technologies Inc), Employment Agreement (Uqm Technologies Inc), Employment Agreement (Uqm Technologies Inc)

AutoNDA by SimpleDocs

Death During Employment. If Executive dies during the term of his employment under this Agreement, Employer shall pay to the estate or trust of Executive the compensation which Base Salary that would otherwise be payable to Executive up to the end of the sixth (6th) month after the month in which his death occurs. If, by that time, Executive's estate or trust has not received any proceeds of the life insurance provided for in Paragraph 11section 8, Employer shall continue Executive's salary Base Salary hereunder for up to an additional three months, or until such life insurance proceeds are received, whichever is earlier ("Reimbursable Payments"), provided that Executive's estate or trust shall reimburse Employer for any such Reimbursable Payments made from the proceeds of such life insurance. All payments of compensation under this Paragraph 13 Section 6(g) shall be paid on the fifteenth (15th) 15th and final day of each month according to Employer's customary payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Uqm Technologies Inc)

Death During Employment. If Executive dies during the term of his employment under this Agreement, Employer shall pay to the estate or trust of Executive the compensation which Base Salary that would otherwise be payable to Executive up to the end of the sixth (6th) month after the month in which his death occurs. If, by that time, Executive's ’s estate or trust has not received any proceeds of the life insurance provided for in Paragraph 11Section 9, Employer shall continue Executive's salary ’s Base Salary hereunder for up to an additional three months, or until such life insurance proceeds are received, whichever is earlier ("Reimbursable Payments"), provided that Executive's ’s estate or trust shall reimburse Employer for any such Reimbursable Payments made from the proceeds of such life insurance. All payments of compensation under this Paragraph 13 Section 7(e) shall be paid on the fifteenth (15th) 15th and final day of each month according to Employer's ’s customary payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Uqm Technologies Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.