Common use of Payments Upon Death Clause in Contracts

Payments Upon Death. If Executive's employment hereunder is separated by reason of Death during his active employment, the Company shall pay to Executive's estate his Base Salary and accrued PTO through the Separation Date at the rate in effect on the Separation Date and a pro rata bonus for current year based on performance of the Company, paid in the following year when bonuses are normally distributed. His estate and beneficiary(ies) will receive the benefits to which they are entitled under the terms of the applicable benefit plans and programs by reason of a participant's death during active employment. If Executive dies during the Salary Continuation Period, as defined below, the remaining Salary Continuation will be paid in a lump sum to Executive's estate and his estate and/or beneficiary(ies) will receive the benefits applicable to an employee who dies during employment.