Common use of Payments to Estate Clause in Contracts

Payments to Estate. The executor of the Executive’s estate shall be entitled to receive all amounts owing to the Executive at the time of death under this Agreement in full settlement and satisfaction of all claims and demands on behalf of the Executive. Such payments shall be in addition to any other death benefits of the Company and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement. In the event of the Executive’s death or a judicial determination of the Executive’s incompetence, reference in this Agreement to the “Executive” will be deemed to refer, where appropriate, to the Executive’s estate or other legal representative.

Appears in 7 contracts

Samples: Form of Severance Benefit Agreement (SPX Technologies, Inc.), Employment Agreement (SPX FLOW, Inc.), Employment Agreement (SPX Corp)

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Payments to Estate. The executor of the Executive’s estate shall be entitled to receive all amounts owing to the Executive at the time of death under this Agreement in full settlement and satisfaction of all claims and demands on behalf of the Executive. Such payments shall be in addition to any other death benefits of the Company and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement. In the event of the Executive’s death or a judicial determination of the Executive’s incompetence, reference in this Agreement to the “Executive” will shall be deemed to refer, where appropriate, to the Executive’s estate or other legal representative.

Appears in 4 contracts

Samples: Employment Agreement (Textura Corp), Employment Agreement (Textura Corp), Employment Agreement of William Eichhorn (Textura Corp)

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Payments to Estate. The executor of the Executive’s 's estate shall be entitled to receive all amounts owing to the Executive at the time of death under this Agreement in full settlement and satisfaction of all claims and demands on behalf of the Executive. Such payments shall be in addition to any other death benefits of the Company and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement. In the event of the Executive’s 's death or a judicial determination of the Executive’s 's incompetence, reference in this Agreement to the "Executive" will be deemed to refer, where appropriate, to the Executive’s 's estate or other legal representative.

Appears in 1 contract

Samples: Enhanced Severance Agreement (SPX Corp)

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