DEATH OR RESIGNATION. If the Executive dies or resigns during the term of this Agreement, this Agreement shall automatically terminate on the date of the Executive’s death or resignation and, following the date of the Executive’s death or resignation, the Company shall have no further obligations or liability to the Executive or his heirs, administrators or executors with respect to compensation and benefits thereafter, except for the obligation to pay the Executive (i) any earned but unpaid base salary through the Executive’s date of death or resignation, (ii) for any unused accrued and unforfeited vacation, and (iii) subject to paragraph 8 hereinabove, for any unreimbursed business expenses incurred by the Executive prior to his death or resignation. The Company shall deduct, from all payments made hereunder, all applicable taxes, including income tax, FICA and FUTA, and other appropriate deductions.
DEATH OR RESIGNATION. If the Executive dies or resigns during the term of this Agreement, this Agreement shall automatically terminate on the date of the Executive's death or resignation and, following the date of the Executive's death or resignation, the Company shall have no further obligations or liability to the Executive or his heirs, administrators or executors with respect to compensation and benefits thereafter, except for the obligation to pay the Executive any earned but unpaid base salary through the Executive's date of death or resignation and to pay the Executive for any unused accrued and unforfeited vacation. The Company shall deduct, from all payments made hereunder, all applicable taxes, including income tax, FICA and FUTA, and other appropriate deductions.
DEATH OR RESIGNATION. If the Executive dies or resigns during the Term, this Agreement shall automatically terminate on the date of the Executive’s death or resignation. Subject to Section 3(b) of this Agreement, upon Executive’s death or resignation, the Company shall have no further obligations or liability to the Executive or his heirs, administrators, except for the obligation to pay the Executive (i) any earned but unpaid base Salary through the Executive’s date of death or resignation, (ii) for any unused accrued vacation, and (iii) any unreimbursed business expenses incurred by the Executive prior to his death or resignation.
DEATH OR RESIGNATION. If the Executive dies or resigns during the Term, this Agreement shall automatically terminate on the date of the Executive’s death or resignation and, following the date of the Executive’s death or resignation, the Company shall have no further obligations or liability to the Executive or his heirs, administrators or executors with respect to compensation and benefits specified in Sections 6, 7 and 8 herein thereafter, except for the obligation to pay the Executive (i) any earned but unpaid base salary and other benefits through the Executive’s date of death or resignation, (ii) for any unused accrued and unforfeited vacation, and (iii) subject to Section 8 herein, for any unreimbursed business expenses incurred by the Executive prior to his death or resignation.
DEATH OR RESIGNATION. An employee with ten (10) or more years of service who resigns in good standing or dies shall be paid fifty percent (50%) of their unused sick leave computed on their 40-hour base salary.
DEATH OR RESIGNATION. All earned but unused vacation time shall be payable to the employee upon separation from employment or, in the event of the employee’s demise, to the employee’s estate. Reference Section 13.5 for employment separation benefits
DEATH OR RESIGNATION. In the event of the death, incapacity or resignation of the Shareholders’ Representative, a new Shareholders’ Representative shall be appointed by the vote or written consent of the majority in interest of the Shareholders (according to each Shareholder’s Pro Rata Share). Notice of such vote or a copy of the written consent appointing such new Shareholders’ Representative shall be sent to Parent, such appointment to be effective upon the later of the date indicated in such consent or the date such notice is received by Parent; provided, that until such notice is received, Parent, Merger Sub and the Surviving Corporation shall be entitled to rely on the decisions and actions of the prior Shareholders’ Representative.
DEATH OR RESIGNATION. Xxxxx Xxxxxxx resigns as an officer and/or director of the Company. If Xxxxx Xxxxxxx dies during the term of the Debenture then there shall be a default unless his estate repays the outstanding principal and interest within thirty (30) days from his death.
DEATH OR RESIGNATION. In the event that the Term of Employment terminates pursuant to Sections 8(a), 8(c) or 8(e), then the Company's obligations to make payments to, and provide benefits for, the Executive under Sections 5, 6 and 7 shall immediately cease as of the Date of Termination.
DEATH OR RESIGNATION. The Employee’s status as an employee will terminate immediately and automatically upon either the Employee’s death or voluntary resignation prior to the third anniversary of this Agreement.
