Common use of Compensation Upon Death Clause in Contracts

Compensation Upon Death. In the event the Executive’s employment shall terminate in the event of his death, his surviving spouse (or estate if there is no surviving spouse) shall be entitled to receive the Accrued Obligations, including a pro-rata bonus through the date of his death. His surviving spouse (or estate if there is no surviving spouse) shall also be entitled to any death benefit provided under the Bank’s life insurance plans.

Appears in 2 contracts

Samples: Employment Agreement (Meridian Bancorp, Inc.), Employment Agreement (Meridian Interstate Bancorp Inc)

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Compensation Upon Death. In the event the Executive’s employment shall terminate in the event of his death, his surviving spouse (or estate if there is no surviving spouse) shall be entitled to receive the Accrued Obligations, including a pro-rata bonus through the date of his death. His surviving spouse (or estate if there is no surviving spouse) shall also be entitled to any death benefit provided under the Bank’s life insurance plansplans and any Endorsement Split Dollar Agreement in effect between the Bank and the Executive, including the agreement dated December 29, 2003.

Appears in 1 contract

Samples: Employment Agreement (Meridian Interstate Bancorp Inc)

Compensation Upon Death. In the event the Executive’s employment shall terminate in the event of his death, his surviving spouse (or estate if there is no surviving spouse) shall be entitled to receive the Accrued Obligations, including a pro-rata bonus through the date of his death. His surviving spouse (or estate if there is no surviving spouse) shall also be entitled to any death benefit provided under the Bank’s life insurance plansplans and any Endorsement Split Dollar Agreement in effect between the Bank and the Executive, including the agreement effective January 8, 2009.

Appears in 1 contract

Samples: Employment Agreement (Meridian Bancorp, Inc.)

Compensation Upon Death. In the event the Executive’s 's employment shall terminate in the event of his her death, his her surviving spouse (or estate if there is no surviving spouse) shall be entitled to receive the Accrued Obligations, including a pro-rata bonus through the date of his her death. His Her surviving spouse (or estate if there is no surviving spouse) shall also be entitled to any death benefit provided under the Bank’s 's life insurance plans.

Appears in 1 contract

Samples: Employment Agreement (Meridian Interstate Bancorp Inc)

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Compensation Upon Death. In the event the Executive’s 's employment shall terminate in the event of his death, his surviving spouse (or estate if there is no surviving spouse) shall be entitled to receive the Accrued Obligations, including a pro-rata bonus through the date of his death. His surviving spouse (or estate if there is no surviving spouse) shall also be entitled to any death benefit provided under the Bank’s 's life insurance plansplans and any Endorsement Split Dollar Agreement in effect between the Bank and the Executive, including the agreement effective January 8, 2009.

Appears in 1 contract

Samples: Employment Agreement (Meridian Interstate Bancorp Inc)

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