Common use of Payment in the Event of Death Clause in Contracts

Payment in the Event of Death. In the event payment is due and owing by the Employer to Executive under this Agreement upon or following the death of Executive, payment shall be make to such beneficiary as Executive may designate in writing, or failing to make such designation, then the executor of his estate, in full settlement and satisfaction of all claims and demands on behalf of Executive, shall be entitled to receive all amounts owing to Executive at the time of death under this Agreement. Such payments shall be in addition to any other death benefits of the Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (First Midwest Bancorp Inc)

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Payment in the Event of Death. In the event payment is due and owing by the Employer Company to the Executive under this Agreement upon or following the death of the Executive, payment shall be make made to such beneficiary as the Executive may designate in writing, or failing to make such designation, then the executor of his estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive, who shall be entitled to receive all amounts owing to the Executive at the time of death under this Agreement. Such payments shall be in addition to any other death benefits of the Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement.

Appears in 1 contract

Samples: Retirement and Consulting Agreement (First Midwest Bancorp Inc)

Payment in the Event of Death. In the event payment is due and owing by the Employer to Executive under this Agreement upon or following the death of Executive, payment shall be make made to such beneficiary as Executive may designate in writing, or failing to make such designation, then the executor of his estate, in full settlement and satisfaction of all claims and demands on behalf of Executive, shall be entitled to receive all amounts owing to Executive at the time of death under this Agreement. Such payments shall be in addition to any other death benefits of the The Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (First Midwest Bancorp Inc)

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Payment in the Event of Death. In the event payment is due and owing by the Employer to Executive under this Agreement upon or following the death of Executive, payment shall be make made to such beneficiary as Executive may designate in writing, or failing to make such designation, then the executor of his estate, in full settlement and satisfaction of all claims and demands on behalf of Executive, shall be entitled to receive all amounts owing to Executive at the time of death under this Agreement. Such payments shall be in addition to any other death benefits of the Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement. 20.

Appears in 1 contract

Samples: Employment Agreement

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