Death During Employment. If the Employee dies during the term of this Agreement, this Agreement shall be terminated; provided, however, the Company shall pay to the estate of the employee any salary which would have otherwise been earned for the balance of the month in which the Employee’s death occurred, plus two (2) months additional Monthly Base Pay.
Appears in 7 contracts
Samples: Executive Employment Agreement (Advanced Growing Systems, Inc.), Executive Employment Agreement (Advanced Growing Systems, Inc.), Executive Employment Agreement (Advanced Growing Systems, Inc.)
Death During Employment. If the Employee dies during the term of this Agreement, then the Employer shall pay to the designated beneficiary of the Employee the compensation which would otherwise be payable to the Employee up to the end of the month in which such death occurs and this Agreement shall be terminated; provided. If the Employee has made no beneficiary designation, however, then the Company compensation due hereunder shall pay be paid to the estate of the employee any salary which would have otherwise been earned for the balance of the month in which the Employee’s death occurred, plus two (2) months additional Monthly Base Pay's estate.
Appears in 5 contracts
Samples: Employment Agreement (Wrap N Roll Usa Inc), Employment Agreement (Teq 1 Corp), Employment Agreement (Wrap N Roll Usa Inc)
Death During Employment. If the Employee dies during the term of this Agreement, this Agreement shall be terminated; provided, however, the Company shall pay to the estate of the employee any salary which would have otherwise been earned for the balance of the month in which the Employee’s death occurred, plus two (2) months years additional Monthly Base Pay.
Appears in 2 contracts
Samples: Employment Agreement (National Automation Services Inc), Employment Agreement (National Automation Services Inc)
Death During Employment. If the Employee dies during the term of this Agreement, this Agreement shall be terminated; provided, however, the Company shall pay to the estate of the employee Employee any salary which would have otherwise been earned for the balance of the month in which the Employee’s 's death occurred, plus two three (23) months additional Monthly Base Paysalary, plus any deferred compensation.
Appears in 1 contract
Samples: Employment Agreement (Demegen Inc)
Death During Employment. If the Employee dies during the term of this Agreement, this Agreement shall be terminated; provided, however, the Company shall pay to the estate of the employee any salary which would have otherwise been earned for the balance of the month in which the Employee’s death occurred, plus two (2) months additional Monthly Base Pay.. Initials ____ Initials ____
Appears in 1 contract
Samples: Executive Employment Agreement (Bluefire Ethanol Fuels Inc)
Death During Employment. If the Employee dies during the term of this Agreement, then the Company shall pay to Employee’s designated beneficiary or to Employee’s estate the compensation, which would otherwise be payable to Employee for the period of one (1) year and this Agreement shall be terminated; provided, however, the Company shall pay to the estate of the employee any salary which would have otherwise been earned for the balance of the month in which the Employee’s death occurred, plus two (2) months additional Monthly Base Pay.
Appears in 1 contract
Death During Employment. If the Employee dies during the term of this Agreement, this Agreement shall be terminated; providedterminate immediately, however, and the Company shall pay to the estate of the employee any Employee the basic annual salary and expense reimbursement which would have otherwise been earned for be payable to the balance Employee through the last day of the month in which the Employee’s his death shall have occurred, plus two (2) months additional Monthly Base Pay.
Appears in 1 contract
Samples: Employment Agreement (Alliance Semiconductor Corp /De/)
Death During Employment. If the Employee dies during the term of this Agreement, this Agreement shall be terminated; provided, however, the Company shall pay to the estate of the employee any salary which would have otherwise been earned for the balance of the month in which the Employee’s death occurred, plus two (2) months additional Monthly Base Pay.
Appears in 1 contract
Samples: Executive Employment Agreement (Bluefire Ethanol Fuels Inc)
Death During Employment. If the Employee dies during the term of this Agreement, this Agreement shall be terminated; providedterminate immediately, however, the Company and Employer shall pay to the estate of Employee the employee any basic annual salary and expense requirement which would have otherwise been earned for be payable to Employee through the balance last day of the month calendar year in which the Employee’s his death shall have occurred, plus two provided that the salary payment shall not, in any event, represent less than one (21) months additional Monthly Base Paymonth salary.
Appears in 1 contract
Samples: Employment Agreement (Ophthalmic Imaging Systems Inc)