Common use of Termination in the Event of Death Clause in Contracts

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. In the event that Executive’s 's employment is terminated by reason of Executive’s 's death, the Company shall pay the following amounts to Executive’s '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 's death) which would have been payable to Executive if Executive had continued in employment for one two additional yearyears. Said payments will be paid to Executive’s '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 's death, stock options awarded to Executive and the Restricted Stock Grant shall be fully vested and Executive’s '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. 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” bonus or incentive compensation payment for the period in which such termination occurred to the extent payments are awarded senior executives and executives. Such bonuses or incentive compensation payment shall be paid at pursuant to the same time as senior executives are paidterms of the applicable bonus or annual incentive compensation plan; (ii) Any benefits to which Executive may be entitled pursuant to the plans, policies and arrangements (including those referred to in Section 4(f4(d) 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 and restricted stock grants awarded to the 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.