Common use of If upon Death Clause in Contracts

If upon Death. If Executive's employment is terminated by reason of Executive's death during the Post-Change Employment Period, the Company's sole obligations to Executive under Articles II and IV shall be as follows: (a) to pay Executive's estate or Beneficiary a lump-sum cash amount equal to all Accrued Obligations; and (b) to provide Executive's estate or Beneficiary survivor and other benefits that are not less than the most favorable survivor and other benefits then available under Plans of the Company to the estates or the surviving families of peer executives of the Company or, if more favorable, those such benefits provided by the Company at any time during the 12-month period immediately preceding the Effective Date.

Appears in 5 contracts

Samples: Change of Control Employment Agreement (Russell Corp), Change of Control Employment Agreement (Russell Corp), Change of Control Employment Agreement (Russell Corp)

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If upon Death. If Executive's ’s employment is terminated by reason of Executive's ’s death during the Post-Change Employment Period, the Company's ’s sole obligations to Executive under Articles II and IV shall be as follows: (a) to pay Executive's ’s estate or Beneficiary a lump-sum cash amount equal to all Accrued Obligations; and (b) to provide Executive's ’s estate or Beneficiary survivor and other benefits that are not less than the most favorable survivor and other benefits then available under Plans of the Company to the estates or the surviving families of peer executives of the Company or, if more favorable, those such benefits provided by the Company at any time during the 12-month period immediately preceding the Effective Date.

Appears in 2 contracts

Samples: Change of Control Employment Agreement (McDonalds Corp), Change of Control Employment Agreement (Russell Corp)

If upon Death. If Executive's ’s employment is terminated by reason of Executive's ’s death during the Post-Change Employment Period, the Company's ’s sole obligations to Executive under Articles II and IV shall be as follows: (a) to pay Executive's ’s estate or Beneficiary a lump-sum cash amount equal to all Accrued Obligations; and (b) to provide Executive's ’s estate or Beneficiary survivor and other benefits that are not less than the most favorable survivor and other benefits then available under Plans of the Company to the estates or the surviving families of peer executives of the Company or, if more favorable, those such benefits provided by the Company at any time during the 12-month period immediately preceding the Effective Date.. XxXxxxxx’x Corporation 71

Appears in 1 contract

Samples: Change of Control Employee Agreement (McDonalds Corp)

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If upon Death. If Executive's employment is terminated by reason of ------------- Executive's death during the Post-Change Employment Period, the Company's sole obligations to Executive under Articles II and IV shall be as follows: (a) to pay Executive's estate or Beneficiary a lump-sum cash amount equal to all Accrued Obligations; and (b) to provide Executive's estate or Beneficiary survivor and other benefits that are not less than the most favorable survivor and other benefits then available under Plans of the Company to the estates or the surviving families of peer executives of the Company or, if more favorable, those such benefits provided by the Company at any time during the 12-month period immediately preceding the Effective Date.

Appears in 1 contract

Samples: Change of Control Employment Agreement (McDonalds Corp)

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