Common use of Death After Covered Termination Clause in Contracts

Death After Covered Termination. In the event Executive dies after a Covered Termination occurs, (a) any payments due to Executive under Section 2 (Termination) and Section 3.3 (Other Payments and Benefits) and not paid prior to Executive’s death shall be made to the person or persons who may be designated by Executive in writing or, in the event he fails to so designate, to Executive’s personal representatives, and (b) Executive’s spouse and dependents shall continue to be eligible for the welfare benefits described in Section 3.1 (Welfare Benefits). Payments pursuant to subsection (a) above shall be made on the date payment would have been made to Executive without regard to Section 3.5 (Certain Section 409A Rules).

Death After Covered Termination. In the event the Executive dies after a Covered Termination occurs, (a) any payments due to the Executive under Section 2 (Termination) 4 and the first sentence of Section 3.3 (Other Payments and Benefits) 7 and not paid prior to the Executive’s death shall be made to the person or persons who may be designated by the Executive in writing or, in the event he fails to so designate, to the Executive’s personal representatives, and (b) the Executive’s spouse and dependents shall continue to be eligible for the welfare benefits described in Section 3.1 (Welfare Benefits5(b). Payments pursuant to subsection (a) above shall be made on the later of (i) the date payment would have been made to the Executive without regard to Section 3.5 9, or (Certain Section 409A Rules)ii) the date of the Executive’s death.

Death After Covered Termination. In the event the Executive dies after a Covered Termination occurs, (a) any payments due to the Executive under Section 2 (Termination) 4 and the first sentence of Section 3.3 (Other Payments and Benefits) 8 and not paid prior to the Executive’s death shall be made to the person or persons who may be designated by the Executive in writing or, in the event he fails to so designate, to the Executive’s personal representatives, and (b) the Executive’s spouse and dependents shall continue to be eligible for the welfare benefits described in Section 3.1 6(b), and (Welfare Benefits)c) Section 5 shall be taken into account to determine any death benefit payable under the SRIP. Payments pursuant to subsection (a) above shall be made on the later of (i) the date payment would have been made to the Executive without regard to Section 3.5 10, or (Certain Section 409A Rules)ii) the date of the Executive’s death.