Termination of Employment by Death. Upon the death of the Employee, the Employment will be terminated on the applicable Termination Date. If the Employee's Employment is terminated by reason of the Employee's death, the Company shall pay to the Person the Employee has designated in a written notice delivered to the Company as his beneficiary entitled to such payment, if any, or to the Employee's estate, as applicable, in a cash lump sum within thirty (30) days after the Termination Date, the amount equal to his Accrued Obligations.
Appears in 5 contracts
Samples: Employment Agreement (Tropical Sportswear International Corp), Employment Agreement (Tropical Sportswear International Corp), Employment Agreement (Tropical Sportswear International Corp)
Termination of Employment by Death. Upon the death of the Employee, the Employment will be terminated on the applicable Termination Date. If the Employee's Employment is terminated by reason of the Employee's death, the Company shall pay to the Person the Employee has designated in a written notice delivered to the Company as his beneficiary entitled to such payment, if any, or to the Employee's estate, as applicable, in a cash lump sum within thirty (30) days after the Termination Date, the amount equal to his Accrued Obligations.the sum of
Appears in 4 contracts
Samples: Employment Agreement (Tropical Sportswear International Corp), Employment Agreement (Tropical Sportswear International Corp), Employment Agreement (Tropical Sportswear International Corp)
Termination of Employment by Death. Upon The Employee's Employment shall automatically terminate upon the death of the Employee, the Employment will be terminated on the applicable Termination Date. If the Employee's Employment is terminated by reason of the Employee's death, the Company shall pay to the Person the Employee has designated in a written notice delivered to the Company as his beneficiary entitled to such payment, if any, or to the Employee's estate, as applicable, in a cash lump sum within thirty (30) days after the Termination Date, the amount equal to his Accrued Obligations.the sum of
Appears in 1 contract
Samples: Employment Agreement (Tropical Sportswear International Corp)