Payments after Death. If the Executive dies prior to receiving amounts to which the Executive is entitled hereunder, such amounts shall be paid in a lump sum payment as soon as practicable after the date of death to the beneficiary designated in writing by the Executive and if no such beneficiary is designated, to the Executive's estate, provided that if such a lump sum payment is impracticable because certain amounts to which the Executive is entitled are not yet determinable, each amount to which the Executive is entitled hereunder shall be paid as soon as practicable after the date of death.
Appears in 4 contracts
Samples: Employment Retention Agreement (Specialty Equipment Companies Inc), Employment Retention Agreement (Specialty Equipment Companies Inc), Employment Retention Agreement (Specialty Equipment Companies Inc)
