Common use of Termination in Case of Death Clause in Contracts

Termination in Case of Death. In case of Employee's death, any and all unvested stock or options granted to Employee under Section 2.2 of this Agreement shall vest in favor of Employee's estate as provided for in this Section(s) 6.51, 6.5.2, 6.5.3, and 6.5.4 herein. Company shall also continue any health benefits for family for one year.

Appears in 6 contracts

Samples: Employment Agreement (Minerco Resources, Inc.), Employment Agreement (Minerco Resources, Inc.), Employment Agreement (Minerco Resources, Inc.)

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Termination in Case of Death. In case of Employee's death, any and all unvested stock or options granted to Employee under Section 2.2 of this Agreement shall vest in favor of Employee's estate as provided for in this Section(s) 6.51, 6.5.2, 6.5.3, and 6.5.4 herein. Company shall also continue any health benefits for family for one year.. All stock shall vest as of July 31, 2017. The Company: Minerco Resources, Inc. 000 Xxxxxx Xxxxx, Xxxxx 000 Xxxxxxx, XX 00000 Employee:

Appears in 1 contract

Samples: Employment Agreement (Minerco Resources, Inc.)

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Termination in Case of Death. In case of Employee's death, any and all unvested stock or options granted to Employee under Section 2.2 2.4 of this Agreement shall vest in favor of Employee's estate as provided for in this Section(s) 6.51, 6.5.2, 6.5.3, and 6.5.4 herein. Company shall also continue any health benefits for family for one year.

Appears in 1 contract

Samples: Employment Agreement (Alternative Energy Development Corp)

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