Common use of Termination of Employment by Reason of Death Clause in Contracts

Termination of Employment by Reason of Death. If the Employee dies during the Term, this Agreement shall terminate automatically as of the date of his death and the Company shall pay to the Employee’s legal representatives such benefits determined in accordance with any then existing Company-sponsored plans or programs providing benefits at death.

Appears in 4 contracts

Samples: Employment Agreement (Rent Way Inc), Employment Agreement (Rent Way Inc), Employment Agreement (Rent Way Inc)

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Termination of Employment by Reason of Death. If the Employee dies during the Term, Term this Agreement shall terminate automatically as of the date of his death and the Company shall pay to the Employee’s legal representatives (i) the compensation which would otherwise be payable to the Employee up to and including the date of death, (ii) a lump sum payment equivalent to six months’ base salary and (iii) such other benefits determined in accordance with any then existing Company-sponsored plans or programs providing benefits at death.

Appears in 2 contracts

Samples: Employment Agreement (Rent Way Inc), Employment Agreement (Rent Way Inc)

Termination of Employment by Reason of Death. If the Employee dies shall die during the Termterm of this Agreement, this Agreement shall terminate automatically as of the date of his death and the Company Corporation shall pay to the Employee’s 's legal representatives such benefits determined the compensation which would otherwise be payable to the Employee up to the end of the month in accordance with any then existing Company-sponsored plans or programs providing benefits at deathwhich death occurs and no more.

Appears in 1 contract

Samples: Employment Agreement (Esquire Communications LTD)

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Termination of Employment by Reason of Death. If the Employee dies shall die during the Termterm of this Agreement, this Agreement shall terminate automatically as of the date of his death and the Company Corporation shall pay to the Employee’s 's legal representatives such benefits determined the compensation which would otherwise be payable to the Employee up to the end of the month in accordance with any then existing Company-sponsored plans or programs providing benefits at deathwhich his death occurs and no more.

Appears in 1 contract

Samples: Employment Agreement (Esquire Communications LTD)

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