Common use of Termination Due to Death or Incapacity Clause in Contracts

Termination Due to Death or Incapacity. If the Executive’s employment is terminated by reason of the Executive’s death or incapacity, this Agreement shall terminate without further obligations to the Executive or to the Executive’s legal representatives under this Agreement other than for the timely payment of the Executive’s currently effective annual base salary through the termination date, any accrued vacation pay, and any compensation that the Executive previously elected to defer.

Appears in 13 contracts

Samples: Change in Control & Severance Agreement (National Western Life Group, Inc.), Change in Control & Severance Agreement (National Western Life Group, Inc.), Change in Control Agreement (National Western Life Group, Inc.)

AutoNDA by SimpleDocs

Termination Due to Death or Incapacity. If the Executive’s 's employment is terminated by reason of the Executive’s 's death or incapacityincapacity during the term, this Agreement shall terminate without further obligations to the Executive or to the Executive’s 's legal representatives under this Agreement other than for the timely payment of the Executive’s 's currently effective annual base salary through the termination date, any accrued vacation pay, and any compensation that the Executive previously elected to defer.

Appears in 2 contracts

Samples: Change in Control Agreement (Delphi Automotive Systems Corp), Change in Control Agreement (Delphi Automotive Systems Corp)

AutoNDA by SimpleDocs

Termination Due to Death or Incapacity. If the Executive’s employment is terminated by reason of the Executive’s death or incapacityIncapacity, this Agreement shall terminate without further obligations to the Executive or to the Executive’s legal representatives under this Agreement other than for the timely payment of the Executive’s currently effective annual base salary through the termination date, any accrued vacation pay, and any compensation that the Executive previously elected to defer.

Appears in 1 contract

Samples: Change in Control & Severance Agreement (National Western Life Group, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!