Common use of Compensation and Benefits to Estate, Etc Clause in Contracts

Compensation and Benefits to Estate, Etc. In the event the Executive dies while he is employed under this Agreement and is not survived by a spouse, (i) the Company or an Affiliate shall make the payments described in Subparagraphs (a)(1) through (a)(3) directly to his estate, (ii) the extent of the rights of any person to the accrued benefits described in Subparagraph (a)(4) shall be determined by reference to the relevant plan provisions and any elections made under such plans, and (iii) the Company and its Affiliates’ obligation to provide benefits under Subparagraph (a)(5) shall terminate.

Appears in 15 contracts

Samples: Employment Agreement (Mercer Insurance Group Inc), Employment Agreement (Mercer Insurance Group Inc), Employment Agreement (Mercer Insurance Group Inc)

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Compensation and Benefits to Estate, Etc. In the event the Executive dies while he is employed under this Agreement and is not survived by a spouse, (i) the Company or an Affiliate shall make the payments described in Subparagraphs (a)(1) through (a)(3) directly to his estate, (ii) the extent of the rights of any person to the accrued benefits described in Subparagraph (a)(4) shall be determined by reference to the relevant plan provisions and any elections made under such plans, and (iii) the Company and its Affiliates' obligation to provide benefits under Subparagraph (a)(5) shall terminate.

Appears in 3 contracts

Samples: Employment Agreement (Mercer Insurance Group Inc), Employment Agreement (Mercer Insurance Group Inc), Employment Agreement (Mercer Insurance Group Inc)

Compensation and Benefits to Estate, Etc. In the event the Executive dies while he is employed under this Agreement and is not survived by a spouse, (i) the Company or an Affiliate CNB shall make the payments described in Subparagraphs (a)(1) through (a)(3) directly to his estate, (ii) the extent of the rights of any person to the accrued benefits described in Subparagraph (a)(4) shall be determined by reference to the relevant plan provisions and any elections made under such plans, and (iii) the Company and its Affiliates’ CNB's obligation to provide benefits under Subparagraph (a)(5) shall terminate.

Appears in 2 contracts

Samples: Employment Agreement (1st Colonial Bancorp Inc), Employment Agreement (1st Colonial Bancorp Inc)

Compensation and Benefits to Estate, Etc. In the event the Executive dies while he is employed under this Agreement and is not survived by a spouse, (i) the Company or an Affiliate Mercer shall make the payments described in Subparagraphs (a)(1) through (a)(3) directly to his estate, (ii) the extent of the rights of any person to the accrued benefits described in Subparagraph (a)(4) shall be determined by reference to the relevant plan provisions and any elections made under such plans, and (iii) the Company and its Affiliates’ Mercer's obligation to provide benefits under Subparagraph Xxxxxxxxraph (a)(5) shall terminate.

Appears in 1 contract

Samples: Employment Agreement (Mercer Insurance Group Inc)

Compensation and Benefits to Estate, Etc. In the event the Executive dies while he is employed under this Agreement and is not survived by a spouse, (i) the Company or an Affiliate Old Guard shall make the payments described in Subparagraphs (a)(1) through (a)(3) directly to his estate, (ii) the extent of the rights of any person to the accrued benefits described in Subparagraph (a)(4) shall be determined by reference to the relevant plan provisions and any elections made under such plans, and (iii) the Company and its Affiliates’ Old Guard's obligation to provide benefits under Subparagraph (a)(5) shall terminate.

Appears in 1 contract

Samples: Employment Agreement (Old Guard Group Inc)

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Compensation and Benefits to Estate, Etc. In the event the Executive EMPLOYEE dies while he is employed under this Agreement and is not survived by a spouse, (i) the Company or an Affiliate CNB shall make the payments described in Subparagraphs (a)(1) through (a)(3) directly to his estate, (ii) the extent of the rights of any person to the accrued benefits described in Subparagraph (a)(4) shall be determined by reference to the relevant plan provisions and any elections made under such plans, and (iii) the Company and its Affiliates’ CNB's obligation to provide benefits under Subparagraph (a)(5) shall terminate.

Appears in 1 contract

Samples: Employment Agreement (1st Colonial Bancorp Inc)

Compensation and Benefits to Estate, Etc. In the event the Executive dies while he is employed under this Agreement and is not survived by a spouse, (i) the Company or an Affiliate Mercer shall make the payments described in Subparagraphs (a)(1) through (a)(3) directly to his estate, (ii) the extent of the rights of any person to the accrued benefits described in Subparagraph (a)(4) shall be determined by reference to the relevant plan provisions and any elections made under such plans, and (iii) the Company and its Affiliates’ Mercer's obligation to provide benefits under Subparagraph uxxxx Xxxparagraph (a)(5) shall terminate.

Appears in 1 contract

Samples: Employment Agreement (Mercer Insurance Group Inc)

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