Common use of Termination by Reason of Death Clause in Contracts

Termination by Reason of Death. If Executive dies while employed by the Company, all obligations of the parties hereunder shall terminate immediately. Executive will not receive the Severance, the Change of Control Severance or any other severance compensation or benefits, except that the Company shall pay to Executive’s executor, legal representative, administrator or designated beneficiary, as applicable, the Guaranteed Payments.

Appears in 6 contracts

Samples: Executive Employment Agreement (Immunomedics Inc), Executive Employment Agreement (Immunomedics Inc), Executive Employment Agreement (Immunomedics Inc)

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Termination by Reason of Death. If Executive dies while employed by the Company, all obligations of the parties hereunder shall terminate immediately. Executive will not receive the Severance, the Change of Control Severance or any other severance compensation or benefits, except that the The Company shall pay to Executive’s executor, legal representative, administrator or designated beneficiary, as applicable, the Guaranteed PaymentsPayments as set forth in Section 3.1(b).

Appears in 4 contracts

Samples: Executive Employment Agreement (VERRA MOBILITY Corp), Executive Employment Agreement (VERRA MOBILITY Corp), Executive Employment Agreement (VERRA MOBILITY Corp)

Termination by Reason of Death. If Executive dies while employed by the Company, all obligations of the parties hereunder shall terminate immediately. Executive will not receive the Severance, the Change of Control Severance or any other severance compensation or benefits, except that the Company shall pay to Executive’s 's executor, legal representative, administrator or designated beneficiary, as applicable, the Guaranteed Payments.

Appears in 4 contracts

Samples: Executive Employment Agreement (Immunomedics Inc), Executive Employment Agreement (Immunomedics Inc), Executive Employment Agreement (Immunomedics Inc)

Termination by Reason of Death. If Executive dies while employed by the CompanyEmployer, all obligations of the parties hereunder shall terminate immediately. Executive will not receive the Severance, the Change of Control Severance or any other severance further compensation or benefits, except that the Company Employer shall pay to Executive’s executor, legal representative, administrator or designated beneficiary, as applicable, the Guaranteed Payments.

Appears in 3 contracts

Samples: Executive Employment Agreement (CareMax, Inc.), Executive Employment Agreement (CareMax, Inc.), Executive Employment Agreement (CareMax, Inc.)

Termination by Reason of Death. If Executive dies while employed by the Company, all obligations of the parties hereunder shall terminate immediately. Executive will not receive the Severance, the Change of Control Severance or any other severance compensation or benefits, except that the Company shall pay to Executive’s 's executor, legal representative, administrator or designated beneficiary, as applicable, the Guaranteed PaymentsPayments and the vesting of any of Executive’s time and/or performance-based equity awards that remain outstanding as of Executive’s death shall accelerate.

Appears in 3 contracts

Samples: Executive Employment Agreement (Tilray Brands, Inc.), Executive Employment Agreement (Tilray, Inc.), Executive Employment Agreement (Tilray, Inc.)

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Termination by Reason of Death. If Executive dies while employed by the Company, all obligations of the parties hereunder shall terminate immediately. Executive will not receive the Severance, the Change of Control Severance or any other severance compensation or benefits, except that the The Company shall pay to Executive’s executor, legal representative, administrator or designated beneficiary, as applicable, the Guaranteed Payments.Payments as set forth in Section 3.1(b). _______ Executive’s Initials

Appears in 1 contract

Samples: Executive Employment Agreement (VERRA MOBILITY Corp)

Termination by Reason of Death. If Executive dies while employed by the Company, all obligations of the parties hereunder shall terminate immediately. Executive will not receive the Severance, Severance or the Change of Control Severance or any other severance compensation or benefits, except that the Company shall pay to Executive’s executor, legal representative, administrator or designated beneficiary, as applicable, the Guaranteed PaymentsSeverance.

Appears in 1 contract

Samples: Executive Employment Agreement (Tilray, Inc.)

Termination by Reason of Death. If Executive dies while employed by the Company, all obligations of the parties Parties hereunder shall terminate immediately. Executive will not receive the Severance, the Change of Control Severance or any other severance compensation or benefits, except that the Company shall pay to Executive’s 's executor, legal representative, administrator or designated beneficiary, as applicable, the Guaranteed Payments.

Appears in 1 contract

Samples: Executive Employment Agreement (Immunomedics Inc)

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