Common use of Supplemental Death Benefit Clause in Contracts

Supplemental Death Benefit. In the event of Executive’s death during the Employment Term, or if applicable, during the Extended Employment Term, Titan shall pay Executive’s estate a lump sum equal to all earned yet unpaid Base Salary or Adjusted Base Salary, if any, in effect as at such date of death plus the full amount of such Base Salary or Adjusted Base Salary for a period ending six (6) months following the month during which the date of such death occurred (even if such six month period extends beyond the Termination Date), and thereafter during the remainder of the Employment Term, or, if applicable, the Extended Employment Term, fifty percent (50%) of Executive’s Base Salary. In addition, Titan shall continue to provide Executive’s family with the Standard Executive Benefits from the date of Executive’s death until the later of (1) the expiration of the Employment Term or, if applicable, the Extended Employment Term or (2) six months.

Appears in 5 contracts

Samples: Employment Agreement (Titan International Inc), Employment Agreement (Titan International Inc), Employment Agreement (Titan International Inc)

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Supplemental Death Benefit. In the event of Executive’s death during the Employment Term, or if applicable, during the Extended Employment Term, Titan shall pay Executive’s estate a lump sum equal to all earned yet unpaid Base Salary or Adjusted Base Salary, if any, in effect as at such date of death plus the full amount of such Base Salary or Adjusted Base Salary for a period ending six (6) months following the month during which the date of such death occurred (even if such six month period extends beyond the Termination Date), and thereafter during the remainder of the Employment Term, or, if applicable, the Extended Employment Term, fifty percent (50%) of Executive’s Base Salary. In addition, Titan shall continue to provide Executive’s family with the Standard Executive Benefits from the date of Executive’s death until the later of (1) the expiration of the Employment Term or, if applicable, the Extended Employment Term or (2) six months.

Appears in 1 contract

Samples: Employment Agreement (Titan International Inc)

Supplemental Death Benefit. In the event of Executive’s 's death during the Employment Term, or if applicable, during the Extended Employment Term, Titan shall pay Executive’s 's estate a lump sum equal to all earned yet unpaid Base Salary or Adjusted Base Salary, if any, in effect as at such date of death plus the full amount of such Base Salary or Adjusted Base Salary for a period ending six (6) months following the month during which the date of such death occurred (even if such six month period extends beyond the Termination Date), and thereafter during the remainder of the Employment Term, or, if applicable, the Extended Employment Term, fifty percent (50%) of Executive’s 's Base Salary. In addition, Titan shall continue to provide Executive’s 's family with the Standard Executive Benefits from the date of Executive’s 's death until the later of (1) the expiration of the Employment Term or, if applicable, the Extended Employment Term or (2) six months.

Appears in 1 contract

Samples: Employment Agreement (Titan International Inc)

Supplemental Death Benefit. In the event of Executive’s 's death during the Employment Term, or if applicable, during the Extended Employment Term, Titan the Company shall pay Executive’s 's estate a lump sum equal to all earned yet unpaid Base Salary or Adjusted Base Salary, if any, in effect as at such date of death plus the full amount of such Base Salary or Adjusted Base Salary for a period ending six (6) months following the month during which the date of such death occurred (even if such six month period extends beyond the Termination Date), and thereafter during the remainder of the Employment Term, or, if applicable, the Extended Employment Term, fifty percent (50%) of Executive’s 's Base Salary. In addition, Titan shall continue to provide Executive’s 's family with the Standard Executive Benefits from the date of Executive’s 's death until the later of (1) the expiration of the Employment Term or, if applicable, the Extended Employment Term or (2) six months.

Appears in 1 contract

Samples: Employment Agreement (Titan International Inc)

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Supplemental Death Benefit. In the event of Executive’s 's death during the Employment Term, or if applicable, during the Extended Employment Term, the Titan shall pay Executive’s 's estate a lump sum equal to all earned yet unpaid Base Salary or Adjusted Base Salary, if any, in effect as at such date of death plus the full amount of such Base Salary or Adjusted Base Salary for a period ending six (6) months following the month during which the date of such death occurred (even if such six month period extends beyond the Termination Date), and thereafter during the remainder of the Employment Term, or, if applicable, the Extended Employment Term, fifty percent (50%) of Executive’s 's Base Salary. In addition, Titan shall continue to provide Executive’s 's family with the Standard Executive Benefits from the date of Executive’s 's death until the later of (1) the expiration of the Employment Term or, if applicable, the Extended Employment Term or (2) six months.

Appears in 1 contract

Samples: Employment Agreement (Titan International Inc)

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