Common use of Death Termination Clause in Contracts

Death Termination. Upon a Death Termination, the Executive’s employment will be deemed to have terminated as of the last day of the month during which his death occurs, and the Company will promptly pay to the Executive’s estate Accrued Compensation, if any, and a lump sum amount equal to the Executive’s Base Salary otherwise payable for the Severance Period at the rate in effect at the time of Death Termination.

Appears in 4 contracts

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

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Death Termination. Upon a Death Termination, the Executive’s employment will be deemed to have terminated as of the last day of the month during which his her death occurs, and the Company will promptly pay to the Executive’s estate Accrued Compensation, if any, and a lump sum amount equal to the Executive’s Base Salary otherwise payable for the Severance Period at the rate in effect at the time of Death Termination.

Appears in 4 contracts

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

Death Termination. Upon a Death Termination, the Executive’s 's employment will be he deemed to have terminated as of the last day of the month during which his her death occurs, and the Company will promptly pay to the Executive’s 's estate Accrued Compensation, if any, and a lump sum amount equal to the Executive’s Base Salary otherwise payable for the Severance Period at the rate in effect at the time of Death Termination.

Appears in 2 contracts

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

Death Termination. Upon a Death Termination, the Executive’s 's employment will be deemed to have terminated as of the last day of the month during which his her death occurs, and the Company will promptly pay to the Executive’s 's estate Accrued Compensation, if any, and a lump sum amount equal to the Executive’s Base Salary otherwise payable for the Severance Period at the rate in effect at the time of Death Termination.

Appears in 1 contract

Samples: Employment Agreement (NewCardio, Inc.)

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Death Termination. Upon a Death Termination, the Executive’s 's employment will be deemed to have terminated as of the last day of the month during which his death occurs, and the Company will promptly pay to the Executive’s 's estate Accrued Compensation, if any, and a lump sum amount equal to the Executive’s Base Salary otherwise payable for the Severance Period at the rate in effect at the time of Death Termination.

Appears in 1 contract

Samples: Employment Agreement (Trist Holdings, Inc.)

Death Termination. Upon a Death Termination, the Executive’s employment will be deemed to have terminated as of the last day of the month during which his the Executive’s death occurs, and the Company will promptly pay to the Executive’s estate Accrued Compensation, if any, and a lump sum amount equal to the Executive’s one year Base Salary otherwise payable for the Severance Period at the rate in effect at the time of Death Terminationtermination.

Appears in 1 contract

Samples: Employment Agreement (ConforMIS Inc)

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