Common use of DEATH OR RESIGNATION Clause in Contracts

DEATH OR RESIGNATION. If the Executive dies or resigns during the term of this Agreement, this Agreement shall automatically terminate on the date of the Executive’s death or resignation and, following the date of the Executive’s death or resignation, the Company shall have no further obligations or liability to the Executive or his heirs, administrators or executors with respect to compensation and benefits thereafter, except for the obligation to pay the Executive (i) any earned but unpaid base salary through the Executive’s date of death or resignation, (ii) for any unused accrued and unforfeited vacation, and (iii) subject to paragraph 8 hereinabove, for any unreimbursed business expenses incurred by the Executive prior to his death or resignation. The Company shall deduct, from all payments made hereunder, all applicable taxes, including income tax, FICA and FUTA, and other appropriate deductions.

Appears in 17 contracts

Samples: Employment Agreement (American Oriental Bioengineering Inc), Employment Agreement (American Oriental Bioengineering Inc), Employment Agreement (American Oriental Bioengineering Inc)

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DEATH OR RESIGNATION. If the Executive dies or resigns during the term of this Agreement, this Agreement shall automatically terminate on the date of the Executive’s 's death or resignation and, following the date of the Executive’s 's death or resignation, the Company shall have no further obligations or liability to the Executive or his heirs, administrators or executors with respect to compensation and benefits thereafter, except for the obligation to pay the Executive (i) any earned but unpaid base salary through the Executive’s 's date of death or resignation, (ii) for any unused accrued and unforfeited vacation, and (iii) subject to paragraph 8 7 hereinabove, for any unreimbursed business expenses incurred by the Executive prior to his death or resignation. The Company shall deduct, from all payments made hereunder, all applicable taxes, including income tax, FICA and FUTA, and other appropriate deductions.

Appears in 3 contracts

Samples: Employment Agreement (American Oriental Bioengineering Inc), Employment Agreement (American Oriental Bioengineering Inc), Employment Agreement (American Oriental Bioengineering Inc)

DEATH OR RESIGNATION. If the Executive dies or resigns during the term of this AgreementTerm, this Agreement shall automatically terminate on the date of the Executive’s death or resignation and, following the date of the Executive’s death or resignation, the Company shall have no further obligations or liability to the Executive or his heirs, administrators or executors with respect to compensation and benefits specified in Sections 6, 7 and 8 herein thereafter, except for the obligation to pay the Executive (i) any earned but unpaid base salary through the Executive’s date of death or resignation, (ii) for any unused accrued and unforfeited vacation, and (iii) subject to paragraph Section 8 hereinaboveherein, for any unreimbursed business expenses incurred by the Executive prior to his death or resignation. The Company shall deduct, from all payments made hereunder, all applicable taxes, including income tax, FICA and FUTA, taxes and other appropriate deductions.

Appears in 2 contracts

Samples: Employment Agreement (American Lorain CORP), Employment Agreement (American Lorain CORP)

DEATH OR RESIGNATION. If the Executive dies or resigns during the term of this Agreement, this Agreement shall automatically terminate on the date of the Executive’s death or resignation and, following the date of the Executive’s death or resignation, the Company shall have no further obligations or liability to the Executive or his her heirs, administrators or executors with respect to compensation and benefits thereafter, except for the obligation to pay the Executive (i) any earned but unpaid base salary through the Executive’s date of death or resignation, (ii) for any unused accrued and unforfeited vacation, and (iii) subject to paragraph 8 hereinabove, for any unreimbursed business expenses incurred by the Executive prior to his her death or resignation. The Company shall deduct, from all payments made hereunder, all applicable taxes, including income tax, FICA and FUTA, and other appropriate deductions.

Appears in 2 contracts

Samples: Employment Agreement (American Oriental Bioengineering Inc), Employment Agreement (American Oriental Bioengineering Inc)

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DEATH OR RESIGNATION. If the Executive dies or resigns during the term of this Agreement, this Agreement shall automatically terminate on the date of the Executive’s 's death or resignation and, following the date of the Executive’s 's death or resignation, the Company shall have no further obligations or liability to the Executive or his her heirs, administrators or executors with respect to compensation and benefits thereafter, except for the obligation to pay the Executive (i) any earned but unpaid base salary through the Executive’s 's date of death or resignation, (ii) for any unused accrued and unforfeited vacation, and (iii) subject to paragraph 8 7 hereinabove, for any unreimbursed business expenses incurred by the Executive prior to his her death or resignation. The Company shall deduct, from all payments made hereunder, all applicable taxes, including income tax, FICA and FUTA, and other appropriate deductions.

Appears in 1 contract

Samples: Employment Agreement (American Oriental Bioengineering Inc)

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