Common use of Death During Severance Period Clause in Contracts

Death During Severance Period. In the event of the Executive’s death during the Severance Period, payments of Base Salary under this Section 5.4 and payments under the Company’s employee benefit plan(s) shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s estate.

Appears in 8 contracts

Samples: Employment Agreement (Icad Inc), Employment Agreement (Icad Inc), Employment Agreement (Icad Inc)

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Death During Severance Period. In the event of the Executive’s death during the Severance Period, payments of Base Salary under this Section 5.4 and payments under the Company’s employee benefit plan(s) 5 shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such this purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s estate.

Appears in 7 contracts

Samples: Employment Agreement (Helius Medical Technologies, Inc.), Employment Agreement (Helius Medical Technologies, Inc.), Employment Agreement (Helius Medical Technologies, Inc.)

Death During Severance Period. In the event of the Executive’s 's death during the Severance Period, payments of Base Salary under this Section 5.4 and payments under the Company’s employee benefit plan(s) 6.1.1 shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such this purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s 's estate.

Appears in 5 contracts

Samples: Employment Agreement (Optimer Pharmaceuticals Inc), Employment Agreement (Nu Skin Enterprises Inc), Employment Agreement (Nu Skin Enterprises Inc)

Death During Severance Period. In the event of the Executive’s death during the Severance Period, payments of Base Salary under this Section 5.4 and payments under the Company’s employee benefit plan(s) 5.1.1 shall continue to be made in accordance with their terms during the remainder of the Severance Period Period, and any amounts under clauses (b) and (c) of Section 5.1.1 shall be paid on the terms set forth therein, to the beneficiary designated in writing for such this purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s estate.

Appears in 5 contracts

Samples: Employment Agreement (EnerSys), Employment Agreement (EnerSys), Employment Agreement (EnerSys)

Death During Severance Period. In the event of the Executive’s 's death during the Severance Period, payments of Base Salary the severance amounts under this Section 5.4 and payments under the Company’s employee benefit plan(s) 5 shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such this purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s 's estate.

Appears in 4 contracts

Samples: Employment Agreement (Arm Financial Group Inc), Employment Agreement (Arm Financial Group Inc), Employment Agreement (Arm Financial Group Inc)

Death During Severance Period. In the event of the Executive’s 's death during the Severance Period, payments of Base Salary under this Section 5.4 and payments under the Company’s employee benefit plan(s) 5 shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such this purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s 's estate.

Appears in 4 contracts

Samples: E Loymentagreement, Employment Agreement (Helius Medical Technologies, Inc.), Employment Agreement (American Color Graphics Inc)

Death During Severance Period. In the event of the Executive’s 's death during the Severance Period, payments of Base Salary under this Section 5.4 and payments under the Company’s 's employee benefit plan(s) shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s 's estate.

Appears in 3 contracts

Samples: Employment Agreement (Candies Inc), Employment Agreement (Candies Inc), Employment Agreement (Iconix Brand Group, Inc.)

Death During Severance Period. In the event of the Executive’s 's death during the Severance Period, payments of Base Salary under this Section 5.4 and payments under the Company’s employee benefit plan(s) 4.1.1 shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s 's estate.

Appears in 2 contracts

Samples: Employment Agreement (Discovery Zone Inc), Employment Agreement (Discovery Zone Inc)

Death During Severance Period. In the event of the Executive’s 's death during the Severance Period, payments of Annual Base Salary under this Section 5.4 and payments under the Company’s employee benefit plan(s) 5.1.1 shall continue to be made in accordance with their terms during the remainder of the Severance Period Period, and any bonus that the Executive is entitled to receive from the Bonus Plan shall be paid when the same would ordinarily be paid to the beneficiary designated in writing for such this purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s 's estate.

Appears in 2 contracts

Samples: Employment Agreement (Odyssey Re Holdings Corp), Employment Agreement (Odyssey Re Holdings Corp)

Death During Severance Period. In the event of the Executive’s death during the Severance Period, payments of Base Salary under this Section 5.4 and payments under the Company’s employee benefit plan(s) 6 shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such this purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s estate. Similarly, Executive’s designated beneficiary or estate, as the case may be, may exercise Executive’s remaining rights under the stock options granted him under Section 4.4.

Appears in 2 contracts

Samples: Employment Agreement (Red Hat Inc), Employment Agreement (Red Hat Inc)

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Death During Severance Period. In the event of the Executive’s death during the Severance Period, payments of Base Salary under this Section 5.4 and payments under the Company’s employee benefit plan(s) 6.1.1 shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such this purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s estate.

Appears in 2 contracts

Samples: Employment Agreement (Optimer Pharmaceuticals Inc), Employment Agreement (Nu Skin Enterprises Inc)

Death During Severance Period. In the event of the Executive’s 's death during the Severance Period, payments of Annual Base Salary under this Section 5.4 and payments under the Company’s employee benefit plan(s) 5.1.1 shall continue to be made in accordance with their terms during the remainder of the Severance Period Period, and any bonus that the Executive is entitled to receive from the Bonus Plan shall be paid when the same would ordinarily be paid to the beneficiary designated in writing 3 for such this purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s 's estate.

Appears in 1 contract

Samples: Employment Agreement (Odyssey Re Holdings Corp)

Death During Severance Period. In the event of the Executive’s 's death during the Severance Period, payments of Base Salary the severance amounts under this Section 5.4 and payments under the Company’s employee benefit plan(s) 3 shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such this purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s 's estate.

Appears in 1 contract

Samples: Consulting Agreement (Memc Electronic Materials Inc)

Death During Severance Period. In the event of the Executive’s death during the Severance Period, payments of Base Salary under this Section 5.4 and payments under the CompanyParent’s employee benefit plan(s) shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s estate.

Appears in 1 contract

Samples: Employment Agreement (Gilman Ciocia, Inc.)

Death During Severance Period. In the event of the Executive’s 's death during the Severance Period, payments of Base Salary under this Section 5.4 and payments under the Company’s employee benefit plan(s) 5 shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such this purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s 's estate.. EXECUTION VERSION

Appears in 1 contract

Samples: Emloyment Agreement (Helius Medical Technologies, Inc.)

Death During Severance Period. In the event of the Executive’s 's death during the Severance Period, payments of Base Salary and the Termination Bonus under this Section 5.4 and payments under the Company’s 's employee benefit plan(s) shall continue to be made in accordance with their terms during the remainder of the Severance Period to the beneficiary designated in writing for such purpose by the Executive or, if no such beneficiary is specifically designated, to the Executive’s 's estate.

Appears in 1 contract

Samples: Employment Agreement (Gilman & Ciocia Inc)

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