Common use of Death During Employment Clause in Contracts

Death During Employment. If Executive dies during the term of this Agreement, Employer shall pay to the estate, trustee, or other legally constituted third party designated by Executive in six equal monthly installments commencing on the first day of the month immediately following the month in which Executive dies, an amount equal to one year's salary provided for in paragraph 4 of this Agreement, and payment of incentive compensation in the same proportion as Executive's incentive compensation to his annual salary set forth in paragraph 4 paid to Executive for the fiscal year last preceding the year in which Executive dies, but prorated for the number of full months of his employment during the year of his death.

Death During Employment. If Executive dies during the term of this Agreement, Employer shall pay to the estate, trustee, trustee or other legally constituted third party designated by Executive in six equal monthly installments commencing on the first day of the month immediately following the month in which Executive dies, an amount equal to one year's salary provided for in paragraph 4 of this Agreement, and payment of incentive compensation in the same proportion as Executive's incentive compensation to his annual salary set forth in paragraph 4 paid to Executive for the fiscal year last preceding the year in which Executive dies, but prorated for the number of full months of his employment during the year of his death.

Death During Employment. If Executive dies during the term of this Agreement, Employer shall pay to the estate, trustee, trustee or other legally constituted third party designated by Executive in six equal monthly installments commencing on the first day of the month immediately following the month in which Executive dies, an amount equal to one year's '’ salary provided for in paragraph 4 of this Agreement, and payment of incentive compensation in the same proportion as Executive's '’ incentive compensation to his annual salary set forth in paragraph 4 paid to Executive for the fiscal year last preceding the year in which Executive dies, but prorated for the number of full months of his employment during the year of his death.

Death During Employment. If Executive dies during the term of this Agreement, Employer shall pay to the estate, trustee, trustee or other legally constituted third party designated by Executive in six equal monthly installments commencing on the first day of the month immediately following the month in which Executive dies, an amount equal to one year's ’s salary provided for in paragraph 4 of this Agreement, and payment of incentive compensation in the same proportion as Executive's ’s incentive compensation to his annual salary set forth in paragraph 4 paid to Executive for the fiscal year last preceding the year in which Executive dies, but prorated for the number of full months of his employment during the year of his death.

Death During Employment. If Executive dies during the term of this Agreement, Employer shall pay to the estate, trustee, trustee or other legally constituted third party designated by Executive in six equal monthly installments commencing on the first day of the month immediately following the month in which Executive dies, an amount equal to one year's '' salary provided for in paragraph 4 of this Agreement, and payment of incentive compensation in the same proportion as Executive's '' incentive compensation to his annual salary set forth in paragraph 4 paid to Executive for the fiscal year last preceding the year in which Executive dies, but prorated for the number of full months of his employment during the year of his death.