Common use of Termination by Death or Disability Clause in Contracts

Termination by Death or Disability. (a) Should the Executive die during the term of employment, the Company shall be obligated to pay any salary and benefits to which the Executive may be entitled until the end of the bi-weekly payroll period in which the death occurs, and the Company shall pay to the Executive’s personal representatives amounts equal to and payable at the same time as the installments of Base Salary theretofore regularly paid to the Executive for a period of twelve months beginning as of the date of death.

Appears in 13 contracts

Samples: Executive Employment Agreement (Markel Corp), Employment Agreement (Markel Corp), Employment Agreement (Markel Corp)

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Termination by Death or Disability. (a) Should the Executive die during the term of employment, the Company shall be obligated to pay any salary and benefits to which the Executive may be entitled until the end of the bi-weekly payroll period in which the death occurs, and the Company shall pay to the Executive’s 's personal representatives amounts equal to and payable at the same time as the installments of Base Salary theretofore regularly paid to the Executive for a period of twelve months beginning as of the date of death.

Appears in 6 contracts

Samples: Employment Agreement (Markel Corp), Executive Employment Agreement (Markel Corp), Executive Employment Agreement (Markel Corp)

Termination by Death or Disability. (a) Should In the event Executive shall die during the term period of employmenther employment hereunder or become permanently disabled, the Company shall be obligated as evidenced by Executive's inability to pay any salary and benefits to which the Executive may be entitled until the end carry out her job responsibilities for a continuous period of the bi-weekly payroll period in which the death occurssix months, Executive's employment and the Company Company's obligation to make payments hereunder shall pay to the Executive’s personal representatives amounts equal to and payable at the same time as the installments of Base Salary theretofore regularly paid to the Executive for a period of twelve months beginning as of terminate on the date of her death., or the date upon which, in the sole reasonable

Appears in 2 contracts

Samples: Employment Agreement (Genomica Corp /De/), Employment Agreement (Genomica Corp /De/)

Termination by Death or Disability. (a) Should the Executive die during the term of employment, the Company shall be obligated to pay any salary and benefits to which the Executive may be entitled until the end of the bi-weekly payroll period in which the death occurs, and the Company shall pay to the Executive’s personal representatives amounts equal to and payable at the same time as the installments of Base Salary theretofore regularly paid to the Executive for a period equal to the greater of twelve months beginning as (i) the remainder of the date initial term of deaththis Agreement, or (ii) 90 days.

Appears in 2 contracts

Samples: Employment Agreement (Markel Corp), Employment Agreement (Markel Corp)

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Termination by Death or Disability. (a) Should the Executive die during the term of employment, the Company shall be obligated to pay any salary and benefits to which the Executive may be entitled until the end of the bi-weekly payroll period in which the death occurs, and the Company shall pay to the Executive’s 's personal representatives amounts equal to and payable at the same time as the installments of Base Salary theretofore regularly paid to the Executive for a period of twelve months beginning as of the date of death.

Appears in 1 contract

Samples: Executive Employment Agreement (Markel Holdings Inc)

Termination by Death or Disability. (a) Should the Executive die during the term of employment, the Company shall be obligated to pay any salary and benefits to which the Executive may be entitled until the end of the bi-weekly payroll period in which the death occurs, and the Company shall pay to the Executive’s personal representatives amounts equal to and payable at the same time as the installments of Base Salary theretofore regularly paid to the Executive for a period equal to the greater of twelve months beginning as (i) the remainder of the date initial term of deaththis Agreement, if the initial term has not then expired; or (ii) 90 days.

Appears in 1 contract

Samples: Executive Employment Agreement (Markel Corp)

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