Common use of If upon Death Clause in Contracts

If upon Death. If the Executive’s employment is terminated by reason of the Executive’s death during the Employment Period, this Agreement shall terminate without further obligation to the Executive’s legal representatives under this Agreement, other than the obligation immediately to pay the Executive’s estate or beneficiary in cash all Accrued Obligations. Notwithstanding anything in this Agreement to the contrary, the Executive’s family shall be entitled to receive benefits at least equal to the most favorable benefits provided under Plans of the Company to the surviving families of senior executives of the Company, but in no event shall such Plans provide benefits which in each case are less favorable, in the aggregate, than the most favorable of those provided by the Company to the Executive under such Plans in effect at any time during the 90-day period immediately before the Effective Date.

Appears in 10 contracts

Samples: Change in Control Agreement (Nicor Inc), Change in Control Agreement (Nicor Inc), Change in Control Agreement (Nicor Inc)

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If upon Death. If the Executive’s 's employment is terminated by reason of the Executive’s 's death during the Employment Period, this Agreement shall terminate without further obligation to the Executive’s 's legal representatives under this Agreement, other than the obligation immediately to pay the Executive’s 's estate or beneficiary in cash all Accrued Obligations. Notwithstanding anything in this Agreement to the contrary, the Executive’s 's family shall be entitled to receive benefits at least equal to the most favorable benefits provided under Plans of the Company to the surviving families of senior executives of the Company, but in no event shall such Plans provide benefits which in each case are less favorable, in the aggregate, than the most favorable of those provided by the Company to the Executive under such Plans in effect at any time during the 90-day period immediately before the Effective Date.

Appears in 7 contracts

Samples: Change in Control Agreement (Nicor Inc), Change in Control Agreement (Nicor Inc), Change in Control Agreement (Nicor Inc)

If upon Death. If the Executive’s employment is terminated by reason of the Executive’s death during the Employment Post-Change Period, this Agreement shall terminate without further obligation obligations to the Executive’s legal representatives under this Agreement, Agreement other than the obligation immediately to pay the Executive’s estate or beneficiary in cash all Accrued Obligations. Notwithstanding Despite anything in this Agreement to the contrary, the Executive’s family shall be entitled to receive benefits at least equal to the most favorable benefits provided under Plans of by the Company to the surviving families of senior peer executives of the CompanyCompany under such Plans, but in no event shall such Plans provide benefits which in each case are less favorable, in the aggregate, than the most favorable of those provided by the Company to the Executive under such Plans in effect at any time during the 90-day period immediately before the Effective Date.

Appears in 7 contracts

Samples: Change of Control Severance Agreement (Metris Companies Inc), Change of Control Severance Agreement (Metris Companies Inc), Change of Control Severance Agreement (Metris Companies Inc)

If upon Death. If the Executive’s 's employment is terminated by reason of the Executive’s 's death during the Employment Post-Change Period, this Agreement shall terminate without further obligation obligations to the Executive’s 's legal representatives under this Agreement, other than the obligation immediately to pay the Executive’s 's estate or beneficiary in cash all Accrued Obligations. Notwithstanding Despite anything in this Agreement to the contrary, the Executive’s 's family shall be entitled to receive benefits at least equal to the most favorable benefits provided under Plans of by the Company to the surviving families of senior peer executives of the CompanyCompany under such Plans, but in no event shall such Plans provide benefits which in each case are less favorable, in the aggregate, than the most favorable of those provided by the Company to the Executive under such Plans in effect at any time during the 90-day period immediately before the Effective Date.

Appears in 3 contracts

Samples: Change of Control Severance Agreement (Fingerhut Companies Inc), Change of Control Agreement (Fingerhut Companies Inc), Change of Control Severance Agreement (Fingerhut Companies Inc)

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If upon Death. If the Executive’s 's employment is terminated by reason of ------------- the Executive’s 's death during the Employment Period, this Agreement shall terminate without further obligation to the Executive’s 's legal representatives under this Agreement, other than the obligation immediately to pay the Executive’s 's estate or beneficiary in cash all Accrued Obligations. Notwithstanding anything in this Agreement to the contrary, the Executive’s 's family shall be entitled to receive benefits at least equal to the most favorable benefits provided under Plans of the Company to the surviving families of senior peer executives of the Company, but in no event shall such Plans provide benefits which in each case are less favorable, in the aggregate, than the most favorable of those provided by the Company to the Executive under such Plans in effect at any time during the 90-day period immediately before the Effective Date.

Appears in 1 contract

Samples: Change in Control Agreement (Commonwealth Edison Co)

If upon Death. If the Executive’s 's employment is terminated by reason of the Executive’s 's death during the Employment Post- Change Period, this Agreement shall terminate without further obligation obligations to the Executive’s 's legal representatives under this Agreement, Agreement other than the obligation immediately to pay the Executive’s 's estate or beneficiary in cash all Accrued Obligations. Notwithstanding Despite anything in this Agreement to the contrary, the Executive’s 's family shall be entitled to receive benefits at least equal to the most favorable benefits provided under Plans of by the Company to the surviving families of senior peer executives of the CompanyCompany under such Plans, but in no event shall such Plans provide benefits which in each case are less favorable, in the aggregate, than the most favorable of those provided by the Company to the Executive under such Plans in effect at any time during the 90-day period immediately before the Effective Date.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Metris Companies Inc)

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