Common use of DEATH TERMINATION EVENT Clause in Contracts

DEATH TERMINATION EVENT. Upon the occurrence of a Death Termination Event, this Agreement will terminate automatically upon the date that such Death Termination Event occurred (subject to the last sentence of this Section 7), whereupon the Company shall continue to pay the then current Base Salary to the Estate of the Executive for a period equal to the remaining term of the Employment Period.

DEATH TERMINATION EVENT. Upon the occurrence of a Death Termination Event, this Agreement will shall terminate automatically upon the date that such Death Termination Event occurred (subject to the last sentence provisions of this Section 7)8), whereupon Employee shall not be entitled to receive any payments hereunder other than a pro-rata bonus for the Company shall continue year in which the termination occurs, reimbursement for outstanding expenses and the lesser of (i) Base Salary, as then in effect, to pay and including the then current Base Salary to the Estate end of the Executive fiscal year in which the termination occurs and (ii) Base Salary, as then in effect, for a period equal to the remaining term remainder of the Employment Period.

DEATH TERMINATION EVENT. Upon the occurrence of a Death Termination Event, this Agreement will shall terminate automatically upon the date that such Death Termination Event occurred (subject to the last sentence of this Section 76), whereupon the Company shall continue to pay the then current Base Salary to the Estate of compensation at the Executive for annual rate equal to the Base Salary then in effectfor a period equal to the remaining term of the Employment PeriodPeriod (determined upon the assumption that the Employment Period will not be terminated prior to the Expiration Date), but in no event longer than one (1) year and shall forgive any amount remaining due on the Loan.

DEATH TERMINATION EVENT. Upon the occurrence of a Death Termination Event, this Agreement will shall terminate automatically upon the date that such Death Termination Event occurred (subject to the last sentence of this Section 76), whereupon the Company shall continue to pay the then then-current Base Salary to the Estate of the Executive for a period equal to the remaining term of the Employment PeriodPeriod (determined upon the assumption that the Employment Period will not be terminated prior to June 30, 1997).