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

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.

Appears in 4 contracts

Samples: Employment Agreement (Walden Residential Properties Inc), Employment Agreement (Walden Residential Properties Inc), Employment Agreement (Walden Residential Properties Inc)

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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 the 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.

Appears in 4 contracts

Samples: Employment Agreement (U S Restaurant Properties Inc), Employment Agreement (U S Restaurant Properties Inc), Employment Agreement (U S Restaurant Properties Inc)

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 ’s legal representative only the base salary due to the Executive up to the date of termination as well as incentive bonuses, if any, which have accrued through the date of termination, and benefits payable pursuant to this Agreement.

Appears in 1 contract

Samples: Employment Agreement (U S Restaurant Properties Inc)

Termination in the Event of Death. This Agreement shall terminate automatically upon the death of Executivethe Employee. In such event, the Company shall pay to Executivethe Employee's legal representative only the base salary and bonus due to Executive the Employee up to the date of termination (plus bonus that accrues with respect to business in the pipeline as of such termination date that closes following such termination date) as well as incentive bonuses, which have accrued through the date benefits and reimbursed expenses due to the Employee at the time of termination, and benefits payable pursuant to this Agreementdeath.

Appears in 1 contract

Samples: Employment Agreement (Imc Mortgage Co)

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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 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.

Appears in 1 contract

Samples: Employment Agreement (Walden Residential Properties Inc)

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