Executive’s Death. In the event Executive shall die after, or within six months prior to, the date a Change in Control occurs and this Agreement becomes operative, all amounts and benefits which would have been payable or due to Executive if Executive had continued to live (including, in the event Executive dies after a Voluntary or Involuntary Termination, the amounts and benefits described in Section 4(c) hereof) shall be paid and provided in accordance with the terms of this Agreement to the executors, administrators, heirs or personal representatives of Executive's estate.
Executive’s Death. If Executive dies before the completion of any payments or benefits required under this Section 3, the Company or an Affiliate will make or continue payments and benefits to Executive’s surviving spouse, if any, or Executive’s estate in accordance with this Section.
Executive’s Death. (A) Executive’s employment and officer positions shall terminate upon Executive’s death. In the event of Executive’s death, the Termination Date shall be deemed to be the date of Executive’s death.
(B) Upon Executive’s death, Executive’s estate shall be entitled to receive, and Ultra shall pay to Executive’s estate, as promptly as possible, any Accrued Obligations as of the Termination Date and the Pro-Rata Cash Incentive.
Executive’s Death. In the event of Executive's death, all of Company's obligations under this Agreement shall terminate immediately. Executive's estate shall receive compensation due under Section 3 of this Agreement and Executive's benefits due under Section 4 of this Agreement through the date of death plus any additional insurance benefit provided by the benefits plan.
Executive’s Death. If Executive's employment is terminated because of Executive's death, the Company shall pay to Executive's personal representative (on behalf of Executive's estate), within 60 days after the Company receives written notice of such representative's appointment, all Base Compensation and pro rata bonus amounts, if any, accrued pursuant to Sections 4(a) and 4(b) above through the date of termination, and shall continue to pay all Base Compensation and pro rata bonus amounts, if any, accrued pursuant to Sections 4(a) and (b) for the longer of (i) the remaining Initial Term of the Agreement or (ii) twelve (12) months.
Executive’s Death. If this agreement is terminated due to Executive's death, the Employer will pay Executive's estate his Base Salary in effect on the date of termination through the date of termination, prorated for any partial payroll period.
Executive’s Death. If Executive dies after a Change in Control and Employment Termination, but before the complete payment of any amount or benefit required under this Agreement, the Company will pay such amount or benefit to the Executive’s spouse, if living, or to the Executive’s estate.
Executive’s Death. In the event of Executive’s death during the time in which any Severance Payment and/or the other benefits are to be provided to Executive, the Company shall pay or provide such Payment or benefit (but only to the extent that the underlying benefit plans permit such contribution of benefits) to such person or persons as Executive shall have directed in writing or, in absence of a designation, the estate of Executive. In the event of Executive’s death, reference in this Agreement to Executive shall be deemed, where appropriate, to refer to his beneficiary, estate or other legal representative.
Executive’s Death. The Executive’s employment shall be terminated upon the death of the Executive. Any rights and benefits that the Executive’s estate or any other person may have under employee benefit plans and programs of the Company generally in the event of the Executive’s death shall be determined in accordance with the terms of such plans and programs. In the event the Executive’s employment is terminated pursuant to this Section 5(F), the Executive shall be entitled to no severance or other termination benefits from and after the termination of his employment except as provide in Section 5(I) hereof. Notwithstanding the foregoing, in the event that the Executive’s employment is terminated pursuant to this Section 5(F), the Executive (or his estate) shall be entitled to receive (i) the full amount of any unpaid Annual Cash Bonus for any calendar year prior to the year in which the Executive’s employment is terminated, and (ii) if the Executive’s employment is terminated after one-half (1/2) or more of a calendar year has transpired, pay to the Executive a portion of the Annual Cash Bonus for such calendar year in an amount, if any, provided for in Section 5(L).
Executive’s Death. Upon Executive's death, the Company's and the Bank's obligations under this Agreement shall immediately cease and Executive shall have no right to compensation or other benefits under this Agreement for any period after the date of death. Upon Executive's death, all rights of Executive pursuant to awards of share grants or unexpired options granted by the Company or the Bank shall be deemed to have vested and become immediately exercisable in accordance with the terms of the plan and/or agreement pursuant to which they were granted, and shall be released from all conditions and restrictions on transfer, except for restrictions on transfer pursuant to the Securities Act of 1933, as amended.
