Common use of Death of Executive Clause in Contracts

Death of Executive. In the event of the death of Executive during the Employment Period, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued to the date of death.

Appears in 16 contracts

Samples: Membership Interest Transfer and Assignment Agreement (Surna Inc.), Executive Employment Agreement (CRC Crystal Research Corp), Executive Employment Agreement (CRC Crystal Research Corp)

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Death of Executive. In If during the event Term the Executive shall die, then the employment of the death of Executive during the Employment Period, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days by the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued to automatically terminate on the date of the Executive’s death. In such event, the Company shall be obligated to pay to the Executive’s estate or as otherwise directed by the Executive’s personal representative or executor, the Executive’s Salary and earned Warrants and Shares (subject to applicable payroll and/or other taxes required by law to be withheld) through the date of the Executive’s death.

Appears in 12 contracts

Samples: Employment Agreement (FreeCast, Inc.), Employment Agreement (FreeCast, Inc.), Employment Agreement (FreeCast, Inc.)

Death of Executive. In If during the event term of this Agreement the Executive shall die, then the employment of the death of Executive during by the Employment Period, the Company’s obligations hereunder Company shall automatically cease and terminate; providedterminate on the date of the Executive's death. In such event, howevernot more than thirty (30) days after the date of the Executive's death, that within 15 days the Company shall pay to the Executive’s heirs 's estate or as otherwise directed by the Executive's personal representatives representative or executor, an amount in cash equal to the Executive’s Base Salary and accrued vacation accrued 's Compensation (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of the Executive's death.

Appears in 10 contracts

Samples: Employment Agreement (Cord Blood America, Inc.), Employment Agreement (Cord Blood America, Inc.), Employment Agreement (Cord Blood America, Inc.)

Death of Executive. In the event of the death of Executive during the Employment Period, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to the Executive’s heirs or personal representatives under Executive’s Base Salary last will and accrued vacation accrued testament, and if none exists, to his heirs at law, the date of deathAccrued Benefits.

Appears in 7 contracts

Samples: Employment Agreement (Floor & Decor Holdings, Inc.), Employment Agreement (Floor & Decor Holdings, Inc.), Employment Agreement (Floor & Decor Holdings, Inc.)

Death of Executive. In the event of the death of Executive during the Employment Period, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 30 days of Executive’s death the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued to the date of death.

Appears in 4 contracts

Samples: Employment Agreement (Md Technologies Inc), Employment Agreement (Md Technologies Inc), Employment Agreement (Md Technologies Inc)

Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued to the date of death.

Appears in 4 contracts

Samples: Employment Agreement (Insight Management Corp), Employment Agreement (Magnegas Corp), Employment Agreement (Advanced Id Corp)

Death of Executive. In the event of the death of Executive during the Employment Period, the Company’s 's obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s 's heirs or personal representatives Executive’s 's Base Salary and accrued vacation accrued to the date of death.

Appears in 3 contracts

Samples: Employment Agreement (Wallstreet Racing Stables Inc), Employment Agreement (Conexant Systems Inc), Employment Agreement (Wallstreet Racing Stables Inc)

Death of Executive. In the event of the death of Executive during the Employment Periodhis employment under this Agreement, the Company’s 's obligations hereunder shall automatically cease and terminate; , provided, however, that within 15 fifteen (15) days the Company shall pay to Executive’s 's heirs or personal representatives Executive’s Base Salary 's accrued but unpaid compensation and accrued vacation benefits accrued to the date of death.

Appears in 3 contracts

Samples: Executive Employment Agreement (Rtin Holdings Inc), Executive Employment Agreement (Rtin Holdings Inc), Executive Employment Agreement (Rtin Holdings Inc)

Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 30 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary Salary, including any bonus compensation earned but not yet paid, and accrued vacation accrued to the date of death. After receiving the payments provided in this Section 6, the Executive and his estate shall have no further rights under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Magnegas Corp), Employment Agreement (Magnegas Corp), Employment Agreement (Magnegas Corp)

Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s 's obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s 's heirs or personal representatives Executive’s 's Base Salary and accrued vacation accrued to the date of death.

Appears in 3 contracts

Samples: Employment Agreement (Advanced Id Corp), Employment Agreement (Bigstar Entertainment Inc /Ny), Employment Agreement (Advanced Id Corp)

Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued paid time off to the date of death. However, if Executive’s employment is terminated by the Company under this section for death, then all stock options that have not vested for Executive shall vest on the date of termination in accordance with the terms of any incentive plan they were issued under.

Appears in 2 contracts

Samples: Employment Agreement (Envirotech Vehicles, Inc.), Employment Agreement (Envirotech Vehicles, Inc.)

Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued to the date of deathdeath and all insurance policy payments, if any.

Appears in 2 contracts

Samples: Master Grower Employment Agreement (OrgHarvest, Inc.), Master Grower Employment Agreement (OrgHarvest, Inc.)

Death of Executive. In the event of the death of Executive during the Employment Period, the Company’s 's obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s 's heirs or personal representatives Executive’s 's Base Salary Salary, Additional Percentage Compensation, prorated Bonus, and accrued vacation accrued to the date of death.

Appears in 2 contracts

Samples: Employment Agreement (Knockout Holdings, Inc.), Employment Agreement (Knockout Holdings, Inc.)

Death of Executive. In the event of the death of Executive during the Employment Period, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to the Executive’s heirs or personal representatives under Executive’s Base Salary last will and accrued vacation accrued testament, and if none exists, to her heirs at law, the date of deathAccrued Benefits.

Appears in 2 contracts

Samples: Employment Agreement (Floor & Decor Holdings, Inc.), Employment Agreement (FDO Holdings, Inc.)

Death of Executive. In the event of the death of Executive during the Employment Period, the Company’s 's obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to the Executive’s 's heirs or personal representatives Executive’s 's Base Salary and accrued vacation accrued to the date of death.

Appears in 2 contracts

Samples: Employment Agreement (Freei Networks Inc), Employment Agreement (Freei Networks Inc)

Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued to the date of deathdeath and all insurance policy payments.

Appears in 2 contracts

Samples: Ceo Employment Agreement (OrgHarvest, Inc.), Ceo Employment Agreement (OrgHarvest, Inc.)

Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued to the date of deathTermination Benefits set forth in Section 4(g)(1).

Appears in 2 contracts

Samples: Executive Employment Agreement (FTE Networks, Inc.), Executive Employment Agreement (FTE Networks, Inc.)

Death of Executive. In the event of the death of Executive during the Employment Period, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days (a) the Company shall pay to the Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued to the date of deathdeath and (b) all unvested Options of Executive shall immediately vest.

Appears in 1 contract

Samples: Employment Agreement (Stream Global Services, Inc.)

Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued to the date of death. Executive’s heirs or personal representatives have 90 days to exercise any outstanding Stock Options vested but not exercised.

Appears in 1 contract

Samples: Ceo Employment Agreement (Quantum Solar Power Corp.)

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Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 fifteen (15) days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation and personal time accrued to the date of death.

Appears in 1 contract

Samples: Employment Agreement (Dussault Apparel Inc.)

Death of Executive. In the event of the death of Executive during ------------------ the Employment Period, the Company’s 's obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s 's heirs or personal representatives Executive’s 's Base Salary and accrued vacation accrued to the date of death.

Appears in 1 contract

Samples: Employment Agreement (Autoexotica International LTD)

Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary severance pay for a period equal to the remaining term of employment, as set forth in paragraph 1(a), and accrued vacation accrued to the date of death.

Appears in 1 contract

Samples: Executive Employment Agreement (FTE Networks, Inc.)

Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 30 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary Salary, including any bonus compensation earned but not yet paid, and accrued vacation accrued to the date of deathdeath and all options shall automatically vest. After receiving the payments provided in this Section 6, the Executive and his estate shall have no further rights under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Magnegas Corp)

Death of Executive. In the event of the death of Executive during the Employment Periodhis ------------------ employment, the Company’s 's obligations hereunder shall automatically cease and terminate; provided, however, that within 15 three (3) days of death, the Company shall pay to Executive’s 's heirs or personal representatives Executive’s Base Salary any unpaid salary, vacation and other benefits earned or accrued vacation accrued to as of the date of death.

Appears in 1 contract

Samples: Executive Termination Compensation Agreement (West Marine Inc)

Death of Executive. In the event of the death of Executive during the Employment Period, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued to the date of death and, if the Option has not been exercised in full at the date of the Executive’s death, advise the Executive’s fiduciary of the period during which the Option may be exercised.

Appears in 1 contract

Samples: Employment Agreement (Moregain Pictures, Inc.)

Death of Executive. In the event of the death of Executive during the Employment Period, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued but unpaid vacation accrued to the date of death and, if the Option has not been exercised in full at the date of the Executive’s death, advise the Executive’s fiduciary of the period during which the Option may be exercised.

Appears in 1 contract

Samples: Employment Agreement (Moregain Pictures, Inc.)

Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 fifteen (15) days the Company employees heirs he shall pay be entitled to Executive’s heirs or personal representatives the following benefits: 1 year of Executive’s Base Salary and at its then established levels in addition to accrued vacation accrued to the date of deathbut unpaid Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Ubroadcast, Inc.)

Death of Executive. In the event of the death of Executive during the Employment PeriodExecutive, the Company’s 's obligations hereunder shall automatically cease and terminate; provided, however, that within 15 sixty (60) days the Company shall pay to Executive’s 's heirs or personal representatives Executive’s 's Base Salary Salary, bonus and accrued vacation accrued to the date of death.

Appears in 1 contract

Samples: Employment Agreement (United Network Marketing Services Inc)

Death of Executive. In the event that at any time during the Term the Executive shall die, then the employment of the death of Executive during by the Employment Period, the Company’s obligations hereunder Company shall automatically cease terminate on the date of the Executive’s death. In such event, not more than ninety (90) days from and terminate; providedafter the date of the Executive’s death, however, that within 15 days the Company shall pay to the Executive’s heirs estate or personal representatives heirs, as the case may be, an amount in cash equal to the Executive’s Base Salary and accrued vacation accrued salary (subject to any applicable payroll and/or other taxes required by law to be withheld) determined as of the date of the Executive’s death.

Appears in 1 contract

Samples: Employment Agreement (Full House Resorts Inc)

Death of Executive. In the event of the death of Executive during the Employment Period, the Company’s 's obligations hereunder shall automatically cease and terminate; terminate provided, however, that within 15 days the Company shall pay to the Executive’s 's heirs or personal representatives Executive’s 's Base Salary and accrued vacation accrued to the date of death. Executive shall be entitled to all Awards that have vested through the date of death and all non-vested Awards shall continue to vest pursuant to the schedule in Section 3(d) as if Executive were still an employee of the Company.

Appears in 1 contract

Samples: Employment Agreement (Globalnet Inc)

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