Common use of Executive’s Death Clause in Contracts

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.

Appears in 4 contracts

Samples: Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp)

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Executive’s Death. (A) Executive’s employment and officer and director 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.

Appears in 4 contracts

Samples: Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp)

Executive’s Death. (A) Executive’s employment and officer and director 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 Severance Cash Incentive.

Appears in 2 contracts

Samples: Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp)

Executive’s Death. (A) Executive’s employment and officer and director 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 Severance Cash Incentive.. KE 60566488

Appears in 1 contract

Samples: Employment Agreement (Ultra Petroleum Corp)

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Executive’s Death. (A) Executive’s employment and officer and director 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 Severance Cash Incentive.. KE 60488057

Appears in 1 contract

Samples: Employment Agreement (Ultra Petroleum Corp)

Executive’s Death. (A) Executive’s employment and officer positions shall terminate upon Executive’s death. . (B) In the event of Executive’s death, the Termination Date shall be deemed to be the date of Executive’s death. (BC) 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.

Appears in 1 contract

Samples: Employment Agreement (Ultra Petroleum Corp)

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