Termination in the Event of Death. Your employment shall terminate immediately upon your death and the Company shall pay your estate any amounts which may be due and remaining unpaid at the time of the termination of employment, in accordance with applicable employment standards legislation.
Termination in the Event of Death. In the event that Executive’s employment is terminated by reason of Executive’s death, the Company shall pay the following amounts to Executive’s beneficiary or estate:
(i) Any accrued but unpaid Base Salary for services rendered to the date of death, any accrued but unpaid expenses required to be reimbursed under this Agreement, any vacation accrued to the date of termination, any earned but unpaid bonuses for any prior period, and a pro-rata “bonus” or incentive compensation payment for the period in which such termination occurred to the extent payments are awarded senior executives and paid at the same time as senior executives are paid;
(ii) Any benefits to which Executive may be entitled pursuant to the plans, policies and arrangements (including those referred to in Section 4(f) hereof), as determined and paid in accordance with the terms of such plans, policies and arrangements;
(iii) An amount equal to the Base Salary (at the rate in effect as of the date of Executive’s death) which would have been payable to Executive if Executive had continued in employment for one additional year. Said payments will be paid to Executive’s estate or beneficiary at the same time and in the same manner as such compensation would have been paid if Executive had remained in active employment;
(iv) As of the date of termination by reason of Executive’s death, stock options awarded to Executive and the Restricted Stock Grant shall be fully vested and Executive’s estate or beneficiary shall have up to one (1) year from the date of death to exercise all such options; and
(v) As otherwise specifically provided herein.
Termination in the Event of Death. This Agreement shall terminate automatically upon the death of Executive. In such event, the Company shall pay to Executive's legal representative only the base salary due to Executive up to the date of termination as well as incentive bonuses, which have accrued through the date of termination, and benefits payable pursuant to this Agreement.
Termination in the Event of Death. In the event of Executive’s death prior to the expiration of the Term, such employment shall automatically terminate on the date of Executive’s death.
Termination in the Event of Death. If Employee's employment hereunder is terminated because of Employee's death, the Company shall pay to Employee's designated beneficiary, or, if none, to his estate (the "Estate"), an amount equal to one-half of Employee's annual base salary at the time of such termination. At the Company's option, such amount shall be payable either in one lump sum within 30 days after such termination or in six (6) equal monthly installments. The Company shall withhold applicable income and employment taxes from such payment. It is agreed that the amount payable hereunder shall constitute all amounts owed by the Companies to Employee for the termination of his employment in the event of Employee's death, and that no other payments or benefits shall be owed by the Companies to Employee's Estate under any severance or benefit plan other than any benefits under a retirement plan that is qualified under Section 401(a) of the Internal Revenue Code in which Employee is fully vested.
Termination in the Event of Death. The Company's obligations to the Employee pursuant to this Agreement shall terminate in the event of the Employee's death. Nothing in this Paragraph, however, shall supercede any obligations the Company may owe to the Employee's estate and/or family members, as specifically set forth in any of the health, benefit or insurance plans or programs in which the Employee is enrolled at the time of his death. Any vested options due to the Employee shall survive the Employee's death.
Termination in the Event of Death. In the event of the Executive's death during the Term, his employment hereunder shall be deemed to have terminated for all purposes of this Agreement on his date of death and neither his designated beneficiary nor his estate shall be entitled to any of the compensation or benefits provided for herein, other than the Executive's Base Salary, and any unpaid Bonus earned by the Executive, through his date of death (it being understood that his designated beneficiary or estate, as the case may be, shall be entitled to receive the life insurance benefits available under the Company's executive life insurance policies), and to exercise the Unconditional Option to the extent exercisable on his date of death, within one year of his date of death, but not later than the expiration date of such Option.
Termination in the Event of Death. This Agreement and Executive’s employment shall terminate automatically upon Executive’s death. Upon termination pursuant to this Section 3.5, Company shall:
(i) Pay the Accrued Obligations to Executive’s spouse or as otherwise required by state law;
(ii) If Executive’s qualified beneficiaries elect to continue Company group health benefits under COBRA, the Company shall pay the premiums for Executive’s qualified beneficiaries’ COBRA continuation coverage for a period of up to eighteen (18) months;
(iii) All outstanding restricted stock grants held by Executive upon Executive’s death that are subject to time-based vesting that would, by their terms, vest within twelve (12) months after Executive’s death, shall become fully vested as of the date of Executive’s death;
(iv) All outstanding options to purchase Company stock held by Executive upon Executive’s death that are subject to time-based vesting that would, by their terms, vest within twelve (12) months after Executive’s death, shall become fully vested as of the date of Executive’s death; and
(v) Executive’s estate or a person who acquired the right to exercise Executive’s Company stock options by bequest or inheritance or otherwise by reason of the death of Executive, shall have until the earlier of (a) the option expiration date or (b) the date that is twelve (12) months after the date of Executive’s death to exercise Company stock options that are vested as of the date of Executive’s death, including options that vest pursuant to this Section 3.5.
Termination in the Event of Death. Employee's employment under this Agreement shall terminate in the event of Employee's death.
Termination in the Event of Death. Notwithstanding anything contained in this Agreement to the contrary, this Agreement, and all obligations and liabilities of the parties hereunder, shall immediately terminate in the event of Executive's death.
