Termination Due to Retirement or Death. In the event the Executive's employment is terminated by reason of retirement or death during the term of this Agreement, the Executive's employment with the Company shall be deemed terminated as of the effective date of retirement or at the end of the month in which such death occurs and all benefits will be determined in accordance with the Company's retirement plans, survivor's benefits, insurance, Compensation Plan for Executives and other applicable programs then in effect, except that in the case of the death of the Executive the Company will pay a pro rata portion of any bonus which would have been payable to the Executive under Section 4.7a. hereof to his spouse if then living and otherwise to the executor or administrator of his estate. In no event will the other benefits described in the remainder of Section 4.7 hereof or the Severance Pay described in Section 4.8 hereof be paid in the event of death and in no event will any of
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Samples: Management Agreement (Scott Technologies Inc), Management Agreement (Scott Technologies Inc), Management Agreement (Scott Technologies Inc)
Termination Due to Retirement or Death. In the event the Executive's employment is terminated by reason of retirement or death during the term of this Agreement, the Executive's employment with the Company shall be deemed terminated as of the effective date of retirement or at the end of the month in which such death occurs and all benefits will be determined in accordance with the Company's retirement plans, survivor's benefits, insurance, Compensation Plan for Executives and other applicable programs then in effect, except that in the case of the death of the Executive the Company will pay a pro rata portion of any bonus which would have been payable to the Executive under Section 4.7a. hereof to his her spouse if then living and otherwise to the executor or administrator of his her estate. In no event will the other benefits described in the remainder of Section 4.7 hereof or the Severance Pay described in Section 4.8 hereof be paid in the event of death and in no event will any of
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