Common use of Payments Upon Death Clause in Contracts

Payments Upon Death. In the event payments are due and owing under this Agreement at the death of the Executive, payment shall be made to such beneficiary as the Executive may designate in writing, or failing such designation, to the executor of his estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive.

Appears in 24 contracts

Samples: Employment Agreement (Centrue Financial Corp), Employment Agreement (Centrue Financial Corp), Employment Agreement (Centrue Financial Corp)

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Payments Upon Death. In the event payments are due and owing under this Agreement at the death of the Executive, payment shall be made to such beneficiary as the Executive may designate in writing, or failing such designation, to the executor of his her estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive.

Appears in 5 contracts

Samples: Employment Agreement (Centrue Financial Corp), Employment Agreement (Centrue Financial Corp), Employment Agreement (Centrue Financial Corp)

Payments Upon Death. In the event payments are due and owing under this Agreement at the death of the Executive, payment shall be made to such beneficiary as the Executive may designate in writing, or failing such designation, to the executor of his estate, in full settlement and satisfaction of all claims and demands on behalf of Executive. Such payments shall be in addition to any other death benefits of Employer for the Executivebenefit of Executive and in full settlement and satisfaction of all payments provided for in this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (Landmark Bancorp Inc), Employment Agreement (Landmark Merger Co), Employment Agreement (Landmark Merger Co)

Payments Upon Death. In the event payments are due and owing under this Agreement at As soon as administratively practicable following the death of the Executive, payment of all Earned Amounts shall be made to such beneficiary as the Executive may designate in writing, or failing such designation, to the executor of his estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive. Such payments shall be in full settlement and satisfaction of all claims and demands on behalf of Executive under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (First Federal Bancshares Inc /De), Employment Agreement (First Federal Bancshares Inc /De)

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Payments Upon Death. In the event If payments are due and owing under this Agreement at the death of the Executive, payment shall be made to such beneficiary as the Executive may designate in writing, or failing such designation, to the executor of his estate, in full settlement and satisfaction of all claims and demands on behalf of Executive. Such payments shall be in addition to any other death benefits of Employer for the Executivebenefit of Executive and in full settlement and satisfaction of all payments provided for in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Heartland Financial Usa Inc)

Payments Upon Death. In the event payments are due and owing under this Agreement at the death of the Executive, payment shall be made to such beneficiary as the Executive may designate in writing, or failing such designation, to the executor of his estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive. Such payments shall be in full settlement and satisfaction of all payments provided for in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Landmark Merger Co)

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