Common use of Payment to Estate Clause in Contracts

Payment to Estate. No person, firm or entity shall have any right to receive any payments owing to EMPLOYEE hereunder, except that EMPLOYEE’s estate shall be entitled to receive a final payment of installment of Base Salary for services rendered to COMPANY through date of death, reimbursement for any business expenses previously incurred by EMPLOYEE for which he or she would have been entitled to reimbursement hereunder, and any residual bonus earned but not paid. Any residual bonus shall be paid in normal course of business.

Appears in 4 contracts

Samples: Employment Agreement (Pam Transportation Services Inc), Employment Agreement (Pam Transportation Services Inc), Employment Agreement (Universal Logistics Holdings, Inc.)

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Payment to Estate. No person, firm or entity shall have any right to receive any payments owing to EMPLOYEE hereunder, except that EMPLOYEE’s 's estate shall be entitled to receive a final payment of installment of Base Salary for services rendered to COMPANY XXX through date of death, death and reimbursement for any business expenses previously incurred by EMPLOYEE for which he or she would have been entitled to reimbursement hereunder, and any residual bonus earned but not paid. Any residual bonus shall be paid in normal course of business.

Appears in 3 contracts

Samples: Employment Agreement (Pam Transportation Services Inc), Employment Agreement (Pam Transportation Services Inc), Employment Agreement (Pam Transportation Services Inc)

Payment to Estate. No person, firm or entity shall have any right to receive any payments owing to EMPLOYEE hereunder, except that EMPLOYEE’s 's estate shall be entitled to receive a final payment of installment of Base Salary for services rendered to COMPANY UTSI through date of death, death and reimbursement for any business expenses previously incurred by EMPLOYEE for which he or she would have been entitled to reimbursement hereunder, and any residual bonus earned but not paid. Any residual bonus shall be paid in normal course of business.

Appears in 3 contracts

Samples: Employment Agreement (Universal Truckload Services, Inc.), Employment Agreement (Universal Truckload Services, Inc.), Employment Agreement (Universal Truckload Services, Inc.)

Payment to Estate. No person, firm or entity shall have any right to receive any payments owing to EMPLOYEE hereunder, except that EMPLOYEE’s estate shall be entitled to receive a final payment of installment of Base Salary for services rendered to COMPANY UTSI through date of death, death and reimbursement for any business expenses previously incurred by EMPLOYEE for which he or she would have been entitled to reimbursement hereunder, and any residual bonus earned but not paid. Any residual bonus shall be paid in normal course of business.

Appears in 3 contracts

Samples: Amended and Restated Employment Agreement (Universal Truckload Services, Inc.), Employment Agreement (Universal Truckload Services, Inc.), Employment Agreement (Universal Truckload Services, Inc.)

Payment to Estate. No person, firm or entity shall have any right to receive any payments owing to EMPLOYEE hereunder, except that EMPLOYEE’s estate estate/trust shall be entitled to receive a final payment of installment of Base Salary for services rendered to COMPANY XXX through date of death, deferred executive bonus payouts as they become due and reimbursement for any business expenses previously incurred by EMPLOYEE for which he or she would have been entitled to reimbursement hereunder, and any residual bonus earned but not paid. Any residual bonus shall be paid in normal course of business.

Appears in 1 contract

Samples: Employment Agreement (Pam Transportation Services Inc)

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Payment to Estate. No person, firm or entity shall have any right to receive any payments owing to EMPLOYEE hereunder, except that EMPLOYEE’s 's estate shall be entitled to receive a final payment of installment of Base Salary for services rendered to COMPANY PXX through date of death, death and reimbursement for any business expenses previously incurred by EMPLOYEE for which he or she would have been entitled to reimbursement hereunder, and any residual bonus earned but not paid. Any residual bonus shall be paid in normal course of business.

Appears in 1 contract

Samples: Employment Agreement (Pam Transportation Services Inc)

Payment to Estate. No person, firm or entity shall have any right to receive any payments owing to EMPLOYEE hereunder, except that EMPLOYEE’s estate shall be entitled to receive a final payment of installment of Base Salary for services rendered to COMPANY through date of death, reimbursement for any business expenses previously incurred by EMPLOYEE for which he or he/she would have been entitled to reimbursement hereunder, and any residual bonus earned but not paid. Any residual Residual bonus shall to be paid in normal course of business.

Appears in 1 contract

Samples: Employment Agreement (Universal Truckload Services, Inc.)

Payment to Estate. No person, firm or entity shall have any right to receive any payments owing to EMPLOYEE hereunder, except that EMPLOYEE’s estate shall be entitled to receive a final payment of installment of Base Salary for services rendered to COMPANY UTSI through date of death, death and reimbursement for any business expenses previously incurred by EMPLOYEE for which he or she would have been entitled to reimbursement hereunder, and any residual bonus earned . Earned but not paid. Any residual bonus shall unpaid bonuses/grants will be paid out as they become due in the normal course of business.

Appears in 1 contract

Samples: And Reinstated Employment Agreement (Universal Truckload Services, Inc.)

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