Common use of Facility of Payments in the Event of Death After Termination of Employment Clause in Contracts

Facility of Payments in the Event of Death After Termination of Employment. Severance payments (made by reason of terminations without Cause, for Disability, Resignation for Good Reason, and after a Change in Control) which have not yet commenced (i.e., because of the six-month waiting period under Section 12.7), or which have commenced, but are unpaid at death of Executive (i.e., during months six to twelve months after termination), will be paid to Executive’s designated beneficiary or legal representative, as applicable; and,

Appears in 9 contracts

Samples: Employment Agreement (Six Flags Entertainment Corporation/New), Employment Agreement (Six Flags Entertainment Corporation/New), Employment Agreement (Six Flags Entertainment Corporation/New)

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Facility of Payments in the Event of Death After Termination of Employment. Severance payments (made by reason of terminations without Cause, for Disability, Resignation for Good Reason, and after a Change in Control) which have not yet commenced (i.e., because of the six-six month waiting period under Section 12.7period), or which have commenced, but are unpaid at death of Executive (i.e., during months six to twelve months after termination), will be paid to Executive’s designated beneficiary or legal representative, as applicable; and,

Appears in 5 contracts

Samples: Employment Agreement (Cedar Fair L P), Employment Agreement (Cedar Fair L P), Employment Agreement (Cedar Fair L P)

Facility of Payments in the Event of Death After Termination of Employment. Severance payments (made by reason of terminations without Cause, for Disability, Resignation for Good Reason, and after a Change in Control) which have not yet commenced (i.e., because of the six-six- (6-) month waiting period under Section 12.7period), or which have commenced, but are unpaid at death of Executive (i.e., during months six to twelve months after termination), will be paid to Executive’s designated beneficiary or legal representative, as applicable; and,

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Cedar Fair L P)

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Facility of Payments in the Event of Death After Termination of Employment. Severance payments (made by reason of terminations without Cause, for Disability, and Resignation for Good Reason, and after a Change in Control) which have not yet commenced (i.e., because of the six-six month waiting period under Section 12.7period), or which have commenced, but are unpaid at death of Executive (i.e., during months six to twelve months after termination), will be paid to Executive’s designated beneficiary or legal representative, as applicable; and,

Appears in 1 contract

Samples: Employment Agreement (Cedar Fair L P)

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