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

Termination Due to Executive’s Death. In the event that the Executive dies during the term of this Agreement, this Agreement shall terminate as of the date of the Executive’s death. A termination due to the Executive’s death shall be treated for all severance purposes as a Termination “Without Cause,” and the Executive’s estate shall entitled to receive all of the Severance Compensation identified in Section 5(e) , provided that it complies with any applicable terms and conditions set forth in Section 5(e). The Executive’s estate shall also be entitled to receive any accrued but unpaid salary and bonuses, any accrued but unpaid vacation, and to be reimbursed for any reimbursable expenses that have not been reimbursed prior to such termination.

Appears in 6 contracts

Samples: Employment Agreement (Dollar Financial Corp), Employment Agreement (Dollar Financial Corp), Employment Agreement (Dollar Financial Corp)

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Termination Due to Executive’s Death. In the event that the Executive dies during the term of this Agreement, this Agreement shall terminate as of the date of the Executive’s death. A termination due to the Executive’s death shall be treated for all severance purposes as a Termination “Without Cause,” and the Executive’s estate shall entitled to receive all of the Severance Compensation severance compensation and benefits identified in Section 5(e) 14.3, provided that it complies with any applicable terms and conditions set forth in Section 5(e)14.3. The Executive’s estate shall also be entitled to receive any accrued but unpaid salary and bonuses, any accrued but unpaid vacation, and to be reimbursed for any reimbursable expenses that have not been reimbursed prior to such termination.

Appears in 1 contract

Samples: Service Agreement (Dollar Financial Corp)

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Termination Due to Executive’s Death. In the event that the Executive dies during the term of this Agreement, this Agreement shall terminate as of the date of the Executive’s death. A termination due to the Executive’s death shall be treated for all severance purposes as a Termination “Without Cause,” and the Executive’s estate shall be entitled to receive all of the Severance Compensation identified in Section 5(e) ), provided that it complies with any applicable terms and conditions set forth in Section 5(e). The Executive’s estate shall also be entitled to receive any accrued but unpaid salary and bonuses, any accrued but unpaid vacation, and to be reimbursed for any reimbursable expenses that have not been reimbursed prior to such termination.

Appears in 1 contract

Samples: Employment Agreement (DFC Global Corp.)

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