Common use of Termination Due to Executive’s Death Clause in Contracts

Termination Due to Executive’s Death. This Agreement will terminate immediately upon Executive’s death and the Company shall not have any further liability or obligation to Executive, Executive’s executors, heirs, assigns or any other person claiming under or through Executive’s estate, except that Executive’s estate shall receive any Accrued Obligations. In addition, Executive’s estate shall be entitled to accelerated vesting of the portion of the Grant and Options that would have otherwise vested during the twelve (12) months period following such termination.

Appears in 4 contracts

Samples: Executive Employment Agreement (HNR Acquisition Corp.), Executive Employment Agreement (HNR Acquisition Corp.), Executive Employment Agreement (HNR Acquisition Corp.)

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Termination Due to Executive’s Death. This Agreement will terminate immediately upon the Executive’s death and the Company shall not have any further liability or obligation to the Executive, Executive’s his executors, heirs, assigns or any other person claiming under or through Executive’s his estate, except that Executive’s estate shall receive with respect to any accrued but unpaid salary and unpaid Accrued Obligations. In addition, Executive’s estate shall be entitled to accelerated vesting of the portion of the Grant and Options that would have otherwise vested during the twelve (12) months period following such terminationBenefits.

Appears in 3 contracts

Samples: Employment Agreement (Cross Match Technologies, Inc.), Employment Agreement (Cross Match Technologies, Inc.), Employment Agreement (Cross Match Technologies, Inc.)

Termination Due to Executive’s Death. This Agreement and Executive's employment hereunder will terminate immediately upon Executive’s death and the Company shall not have any further liability or obligation to Executive, Executive’s executors, heirs, assigns or any other person claiming under or through Executive’s estate, except that Executive’s estate shall receive any payment for all Accrued Obligations. In addition, Executive’s estate shall be entitled to accelerated vesting of Obligations and Termination Compensation as if Executive had been terminated by the portion of the Grant and Options that would have otherwise vested during the twelve (12) months period following such terminationCompany without Cause.

Appears in 3 contracts

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

Termination Due to Executive’s Death. This Agreement will terminate immediately upon Executive’s death and the Company shall not have any further liability or obligation to Executive, Executive’s executors, heirs, assigns or any other person claiming under or through Executive’s estate, except that Executive’s estate shall receive any Accrued Obligations. In addition, Executive’s estate shall be entitled to accelerated vesting of the portion of the Option Grant and Options the RSU Grant that would have otherwise vested during the twelve nine (129) months month period following such termination.

Appears in 3 contracts

Samples: Executive Employment Agreement (Brooklyn ImmunoTherapeutics, Inc.), Executive Employment Agreement (Brooklyn ImmunoTherapeutics, Inc.), Executive Employment Agreement (Brooklyn ImmunoTherapeutics, Inc.)

Termination Due to Executive’s Death. This Agreement will terminate immediately upon the Executive’s death and the Company shall not have any further liability or obligation to the Executive, Executive’s his executors, heirs, assigns or any other person claiming under or through Executive’s his estate, except that Executive’s estate shall receive any Accrued Obligations. In additionall compensation, Executive’s estate shall be entitled including base salary, earned but unpaid bonuses (to accelerated vesting the extent such earned but unpaid bonuses have been approved by the Board), and reimbursement of expenses that are due and owing to the Executive as of the portion date of the Grant and Options that would have otherwise vested during the twelve (12) months period following such terminationhis death.

Appears in 3 contracts

Samples: Employment Agreement (Sourcefire Inc), Employment Agreement (Sourcefire Inc), Employment Agreement (Sourcefire Inc)

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Termination Due to Executive’s Death. This Agreement will terminate immediately upon Executive’s death and the Company shall not have any further liability or obligation to Executive, Executive’s executors, heirs, assigns or any other person claiming under or through Executive’s estate, except that Executive’s estate shall receive any Accrued Obligations. In addition, Executive’s estate shall be entitled to accelerated vesting of the portion of the Option Grant and Options that would have otherwise vested during the twelve nine (129) months month period following such termination.

Appears in 2 contracts

Samples: Executive Employment Agreement (Brooklyn ImmunoTherapeutics, Inc.), Executive Employment Agreement (Brooklyn ImmunoTherapeutics, Inc.)

Termination Due to Executive’s Death. This Agreement will terminate immediately upon the Executive’s death and the Company shall not have any further liability or obligation to the Executive, Executive’s her executors, heirs, assigns or any other person claiming under or through Executive’s her estate, except that Executive’s estate shall receive with respect to any accrued but unpaid salary and unpaid Accrued Obligations. In addition, Executive’s estate shall be entitled to accelerated vesting of the portion of the Grant and Options that would have otherwise vested during the twelve (12) months period following such terminationBenefits.

Appears in 1 contract

Samples: Employment Agreement (Cross Match Technologies, Inc.)

Termination Due to Executive’s Death. This Agreement will terminate immediately upon Executive’s death and the Company shall not have any further liability or obligation to Executive, Executive’s executors, heirs, assigns or any other person claiming under or through Executive’s estate, except that Executive’s estate shall receive any Accrued Obligations. In addition, Executive’s estate shall be entitled to accelerated vesting of the portion of the Grant and Options Option that would have otherwise vested during the twelve six (126) months month period following such termination.

Appears in 1 contract

Samples: Executive Employment Agreement (Brooklyn ImmunoTherapeutics, Inc.)

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