Common use of Termination and Severance Benefits Clause in Contracts

Termination and Severance Benefits. (a) Executive's employment under this Employment Agreement shall immediately terminate and all rights, benefits and obligations hereunder shall cease in the event of Executive's death except for benefits accrued but unpaid for any period prior to his death, including, but not limited to, any Performance Bonus or other benefit provided for under Paragraph 4 of this Agreement, and except as provided in Paragraphs 4(d) and 7(c).

Appears in 3 contracts

Samples: Employment Agreement (Kramont Realty Trust), Employment Agreement (Cv Reit Inc), Employment Agreement (Kranzco Realty Trust)

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Termination and Severance Benefits. (a) Executive's employment under this Employment Agreement shall immediately terminate and all rights, benefits and obligations hereunder shall cease in the event of Executive's death except for benefits accrued but unpaid for any period prior to his or accelerated at the date of death, including, but not limited to, any Performance Bonus or other benefit provided for under Paragraph 4 of this Agreement, and except as provided in Paragraphs 4(d) and 7(c).

Appears in 1 contract

Samples: Employment Agreement (Quaker Chemical Corp)

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