Common use of Death or Complete Disability Clause in Contracts

Death or Complete Disability. If the Executive’s employment is terminated by death or Complete Disability, as provided in Section 3.1.1 above, the Company will pay to the Executive and/or the Executive’s heir(s), less standard deductions and withholdings, (i) the Executive’s Base Salary through the end of the six months of said death or disability or the end of the Term of this Agreement, whichever occurs sooner, at the rate in effect at the time and (ii) accrued and unused Sick Time / Personal Time Off earned through the end of the month of said death or disability. The amount of Gross Revenue Payment set forth in Section 2.3 will continue to be earned through the end of the sixth month after said death or disability or the end of the Term of this Agreement, whichever occurs sooner. If the Term of the Agreement has not then expired, it will then continue to be earned monthly thru the end of the Term of this Agreement based on the average monthly Revenues during that six month period. In addition, all warrants included in Section 2.2 shall be deemed earned and delivered to the Executive and/or the Executive’s heirs. The Company will thereafter have no further obligations to the Executive and/or the Executive’s heirs under this Agreement.