Common use of Care Benefits Clause in Contracts

Care Benefits. The Accrued Obligations shall be paid to the Executive’s estate or beneficiary, as applicable, in a lump sum in cash within thirty (30) days of the Date of Termination. The term “Other Benefits” as utilized in this Section 4(b) shall include death benefits as in effect on the date of the Executive’s death with respect to senior executives of the Company.

Appears in 4 contracts

Samples: Employment Agreement (SPG SpinCo Subsidiary Inc.), Employment Agreement (Sunrise Senior Living Inc), Non Qualified Stock Option Agreement (Sunrise Senior Living Inc)

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