Rights of Survivors. If Executive dies after becoming entitled to benefits under Section 2 following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has been designated by Executive in writing (the "beneficiary"), or if none, to Executive's estate, (b) all applicable insurance coverage will be provided to Executive's family as though Executive had continued to live, and (c) any stock options that become exercisable will be exercisable by the beneficiary, or if none, the estate.
Appears in 6 contracts
Samples: Macrochem Corporation Severance Agreement (Macrochem Corp), Macrochem Corporation Severance Agreement (Macrochem Corp), Macrochem Corporation Severance Agreement (Macrochem Corp)
Rights of Survivors. If Executive dies after becoming entitled to benefits under Section Sections 1.2 and 2 following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has been designated by Executive in writing (the "“beneficiary"”), or if none, to Executive's ’s estate, (b) all applicable insurance coverage will be provided to Executive's ’s family as though Executive had continued to live, and (c) any stock options that become exercisable will be exercisable by the beneficiary, or if none, the estateEstate.
Appears in 4 contracts
Samples: Change of Control Severance Agreement (Intralase Corp), Change of Control Severance Agreement (Intralase Corp), Change of Control Severance Agreement (Intralase Corp)
Rights of Survivors. If Executive dies after becoming entitled to benefits under Section 2 1 following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has been designated by Executive in writing (the "beneficiary"), or if none, to Executive's estate, (b) all applicable insurance coverage will be provided to Executive's family as though Executive had continued to live, and (c) any stock options that become exercisable under Section 1 will be exercisable by the beneficiary, or if none, the estate.
Appears in 3 contracts
Samples: Change of Control Agreement (pSivida LTD), Change of Control Agreement (pSivida LTD), Control Agreement (pSivida LTD)
Rights of Survivors. If Executive dies after becoming entitled to benefits under Section 2 1 following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has been designated by Executive in writing (the "beneficiary"), or if none, to Executive's estate, (b) all applicable insurance coverage will be provided to Executive's family as though Executive had continued to live, and (c) any stock options that become exercisable will be exercisable by the beneficiary, or if none, the estate.
Appears in 3 contracts
Samples: Severance Agreement (pSivida LTD), Severance Agreement (pSivida LTD), Severance Agreement (pSivida LTD)
Rights of Survivors. If Executive dies after becoming entitled to ------------------- benefits under Section 2 4 following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has been designated by Executive in writing (the "beneficiary"), or if none, to Executive's estate, (b) all applicable insurance coverage will be provided to Executive's family as though Executive had continued to live, and (c) any stock options that become exercisable under Section 4.4(b)(iii) or Section 4.4(c)(iv) will be exercisable by the beneficiary, or if none, the estate.
Appears in 2 contracts
Samples: Employment Agreement (Control Delivery Systems Inc/Ma), Employment Agreement (Control Delivery Systems Inc/Ma)
Rights of Survivors. If Executive dies after becoming entitled to benefits under Section 2 this Agreement following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has been designated by Executive in writing (the "“beneficiary"”), or if none, to Executive's estate, (b) all applicable insurance coverage will be provided to Executive's family as though Executive had continued to live, and (c) any stock options that become exercisable under Section 8 will be exercisable by the beneficiary, or if none, the estate.
Appears in 2 contracts
Samples: pSivida LTD, pSivida LTD
Rights of Survivors. If Executive dies after becoming entitled to -------------------- benefits under Section 2 1 following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has been designated by Executive in writing (the "beneficiary"), or if none, to Executive's estate, (b) all applicable insurance coverage will be provided to Executive's family as though Executive had continued to live, and (c) any stock options that become exercisable under Section 1 will be exercisable by the beneficiary, or if none, the estate.
Appears in 2 contracts
Samples: Control Agreement (Control Delivery Systems Inc/Ma), Control Agreement (Control Delivery Systems Inc/Ma)
Rights of Survivors. If Executive dies after becoming entitled to benefits under Section 2 4 following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has been designated by Executive in writing (the "beneficiary"), or if none, to Executive's estate, (b) all applicable insurance coverage will be provided to Executive's family as though Executive had continued to live, and (c) any stock options that become exercisable under Section 4.4(b)(iii) or Section 4.4(c)(iv) will be exercisable by the beneficiary, or if none, the estate.
Appears in 1 contract
Rights of Survivors. If Executive dies after becoming entitled to benefits under Section 2 this Agreement following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has been designated by Executive in writing (the "“beneficiary"”), or if none, to Executive's ’s estate, (b) all applicable insurance coverage will be provided to Executive's ’s family as though Executive had continued to live, and (c) any stock options that become exercisable under Section 8 will be exercisable by the beneficiary, or if none, the estate.
Appears in 1 contract
Samples: pSivida Corp.
Rights of Survivors. If Executive dies after becoming entitled to benefits under Section 2 following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has been designated by Executive in writing (the "“beneficiary"”), or if none, to Executive's ’s estate, and (b) all applicable the Company’s payments of premiums for health and/or dental insurance coverage pursuant to Section 1(a)(i)(y) will continue to be provided to for the benefit of Executive's ’s family as though Executive had continued to live, and (c) any stock options that become exercisable will be exercisable by the beneficiary, or if none, the estate.
Appears in 1 contract
Rights of Survivors. If Executive dies after becoming entitled to benefits under Section 2 1 following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has have been designated by Executive in writing (the "beneficiary"), or if none, to Executive's estate, (b) all applicable insurance coverage will be provided to Executive's family as though Executive had continued to live, and (c) any stock options that become exercisable under Section 1.4(b)(iii) will be exercisable by the beneficiary, or if none, the estate.
Appears in 1 contract
Samples: Severance Agreement (Genrad Inc)