Common use of Termination In Event of Death: Benefits Clause in Contracts

Termination In Event of Death: Benefits. If Executive’s employment with the Company is terminated by reason of Executive’s death, this Agreement shall terminate without further obligation to Executive’s legal representatives under this Agreement, other than for payment of the Accrued Benefits and the amount of any Annual Bonus under Section 3(b) that relates to the year prior to termination and that is unpaid as of the Termination Date (the “Unpaid Annual Bonus”). The accrued but unpaid Base Salary shall be paid to Executive’s estate in a lump sum in cash within six (6) days after the Termination Date or by the next regularly scheduled payday. Payment of any Unpaid Annual Bonus shall be made at such time as such bonus payments are normally made, but in no event later than March 15 of the following year. Unreimbursed business expenses shall be paid to Executive’s estate within the time period required by the Company’s business expense reimbursement policy. Equity or equity-based awards granted to Executive, if any, shall be treated in accordance with, and governed by and subject to, any applicable plan and award agreement under which they were granted. Executive, if deceased, and his beneficiaries, estate and legal representatives shall not be entitled to any further payments or benefits whatsoever pursuant to this Agreement or otherwise.