Common use of Effect of Death Clause in Contracts

Effect of Death. In the event of the Executive's death after his termination of employment by the Company under this Paragraph 5(b), the benefits payable under (i) and (ii) of this Paragraph 5(b) shall continue for a period of twelve (12) months, or, if shorter, until the end of the Term of this Agreement; provided, however, such payments will be paid in a lump sum payment within 60 days following the Executive's death, to the Executive's surviving spouse, or, if none, to the Executive's estate. In addition, in the event of Executive's death, any dependent coverage in effect under (iii) of this Paragraph 5(b) shall continue at the Company's expense, for a period of 12 months, or, if shorter, until the end of the Term of this Agreement.

Appears in 3 contracts

Samples: Noncompetition Agreement (Forward Air Corp), Employment Agreement (Miller Industries Inc /Tn/), Employment Agreement (Miller Industries Inc /Tn/)

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Effect of Death. In the event of the Executive's ’s death after his termination of employment by the Company under this Paragraph 5(b), the benefits payable under (i) and (ii) of this Paragraph 5(b) shall continue for a period of twelve (12) months, or, if shorter, until the end of the Term of this Agreement; provided, however, such payments will be paid in a lump sum payment within 60 days following the Executive's ’s death, to the Executive's ’s surviving spouse, or, if none, to the Executive's ’s estate. In addition, in the event of Executive's ’s death, any dependent coverage in effect under (iii) of this Paragraph 5(b) shall continue at the Company's expensecontinue, for a period of 12 months, or, if shorter, until the end of the Term of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Miller Industries Inc /Tn/), Employment Agreement (Miller Industries Inc /Tn/), Employment Agreement (Miller Industries Inc /Tn/)

Effect of Death. In the event of the Executive's death after his termination of employment by the Company under this Paragraph 5(b), the benefits payable under (i) and (ii) of this Paragraph 5(b) shall continue for a period of twelve (12) months, or, if shorter, until the end of the Term of this Agreement; provided, however, such payments will be paid in a lump sum -3- payment within 60 days following the Executive's death, to the Executive's surviving spouse, or, if none, to the Executive's estate. In addition, in the event of Executive's death, any dependent coverage in effect under (iii) of this Paragraph 5(b) shall continue at the Company's expense, for a period of 12 months, or, if shorter, until the end of the Term of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Miller Industries Inc /Tn/)

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Effect of Death. In the event of the Executive's death --------------- after his termination of employment by the Company under this Paragraph 5(b), the benefits payable under (i) and (ii) of this Paragraph 5(b) shall continue for a period of twelve (12) months, or, if shorter, until the end of the Term of this Agreement; provided, however, such payments will be paid in a lump sum payment within 60 days following the Executive's death, to the Executive's surviving spouse, or, if none, to the Executive's estate. In addition, in the event of Executive's death, any dependent coverage in effect under (iii) of this Paragraph 5(b) shall continue at the Company's expense, for a period of 12 months, or, if shorter, until the end of the Term of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Miller Industries Inc /Tn/)

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