Common use of By Death Clause in Contracts

By Death. Executive’s employment shall be terminated automatically upon the death of Executive. The Company’s total liability in such event shall be limited to payment of Executive’s accrued but unpaid salary and benefits through the date of Executive’s death.

Appears in 16 contracts

Samples: Severance Agreement (Proto Labs Inc), Severance Agreement (Proto Labs Inc), Severance Agreement (Proto Labs Inc)

AutoNDA by SimpleDocs

By Death. Executive’s 's employment with the Company shall be terminated terminate automatically upon the death of Executive. The Company’s total liability in such event shall be limited to payment of Executive’s accrued but unpaid salary and benefits through the date of Executive’s 's death.

Appears in 7 contracts

Samples: Employment Agreement (Alternus Energy Inc.), Employment Agreement (Alternus Energy Inc.), Employment Agreement (World Technology Corp.)

By Death. Executive’s employment and the Term shall be terminated automatically end upon the death of Executive. The CompanyEmployer’s and the Companies’ total liability in such event shall be limited to payment of Executive’s accrued but unpaid salary and benefits through the date of Executive’s deathdeath and provision of any vested benefits, which will be provided in accordance with the terms and conditions of the plans or programs under which such vested benefits arise (the “Accrued Amounts”).

Appears in 2 contracts

Samples: Employment Agreement (Great Ajax Corp.), Employment Agreement (Great Ajax Corp.)

By Death. Executive’s 's employment and the Term shall be terminated automatically end upon the death of Executive. The Company’s Employer's and the Companies' total liability in such event shall be limited to payment of Executive’s accrued but unpaid 's salary and benefits through the date of Executive's death and provision of any vested benefits, which will be provided in accordance with the terms and conditions of the plans or programs under which such vested benefits arise (the "Accrued Amounts"); however any unvested incentive awards will vest without restriction upon the employee’s death.

Appears in 1 contract

Samples: Employment Agreement (Great Ajax Corp.)

AutoNDA by SimpleDocs

By Death. Executive’s employment shall be terminated automatically upon the death of Executive. The Company’s total liability in such event shall be limited to payment of Executive’s accrued but unpaid salary and benefits through the date of Executive’s deathdeath and no severance payments or benefits will be due to Executive under this Agreement.

Appears in 1 contract

Samples: Severance Agreement (Proto Labs Inc)

By Death. Executive’s employment shall be terminated automatically upon the death of Executive. The Company’s total liability in such event shall be limited to payment of Executive’s accrued but unpaid salary salary, cash incentive bonus and benefits through the date of Executive’s death.

Appears in 1 contract

Samples: Severance Agreement (Proto Labs Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!