Common use of Death of the Executive Clause in Contracts

Death of the Executive. In the event the Executive's employment is terminated as a result of the Executive's death, the estate of the Executive shall be entitled to receive the Executive's Salary for a period of the lesser of six (6) months or the unexpired portion of the Term, plus an amount equal to fifty percent (50%) of Target Annual Incentive and Target Long-Term Incentive for the year of death.

Appears in 4 contracts

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

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Death of the Executive. In the event the Executive's ’s employment is terminated as a result of the Executive's ’s death, the estate of the Executive shall be entitled to receive the Executive's ’s Salary for a period of the lesser of six (6) months or the unexpired portion of the Term, plus an amount equal to fifty percent (50%) of Target Annual Incentive and Target Long-Term Incentive for the year of death.

Appears in 2 contracts

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

Death of the Executive. In the event the Executive's employment is terminated as a result of the Executive's death, the estate of the Executive shall be entitled to receive the Executive's Salary for a period of the lesser of six (6) months or the unexpired portion of the Term, plus an amount equal to fifty percent (50%) of Target Annual Incentive and Target Long-Term Incentive for the year of death.

Appears in 1 contract

Samples: Employment Agreement (Anthem Inc)

Death of the Executive. In the event the Executive's ’s employment is terminated as a result of the Executive's ’s death, the estate of the Executive shall be entitled to receive the Executive's ’s Salary for a period of the lesser of six (6) months or the unexpired portion of the Term, plus an amount equal to fifty percent (50%) of Target Annual Incentive and Target Long-Term Incentive for the year of death. 3. Section 9 of the Agreement is hereby replaced in its entirety with the following:

Appears in 1 contract

Samples: Employment Agreement (Anthem Inc)

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Death of the Executive. In the event the Executive's employment is terminated as a result of the Executive's death, except as otherwise provided herein, the estate of the Executive shall be entitled to receive the Executive's Base Salary for a period of the lesser of six (6) months or the unexpired portion of the Term, Term plus an amount equal to fifty percent (50%) of Target Annual Incentive Bonus and Target Long-Term Incentive for the year of death.

Appears in 1 contract

Samples: Employment Agreement (Anthem Inc)

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