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

Termination of Employment by Reason of Death. If Executive shall die during the Employment Period, this Agreement shall terminate automatically as of the date of death, and Company shall pay to Executive’s legal representative the compensation and benefits under Section 2(d)(2), which would otherwise be payable to Executive up to the end of the month in which death occurs, and, to the extent applicable, any insurance or insurance proceeds, vested death benefits, compensation for accrued vacation or leave time. Should the Executive die during the execution of, or during travel in connection with, his or her duties, then the Company shall pay to the Executive’s legal representative the compensation and benefits under Section 2(c)(2).

Appears in 4 contracts

Samples: Employment Agreement (Fallbrook Technologies Inc), Employment Agreement (Fallbrook Technologies Inc), Employment Agreement (Fallbrook Technologies Inc)

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Termination of Employment by Reason of Death. If Executive shall die during the Employment Periodperiod of employment, this Agreement shall terminate automatically as of the date of death, and Company shall pay to Executive’s legal representative the compensation and benefits under Section 2(d)(29.C.(c)(2), which would otherwise be payable to Executive up to the end of the month in which death occurs, and, to the extent applicable, any insurance or insurance proceeds, vested death benefits, compensation for accrued vacation or leave time. Should the Executive die during the execution of, or during travel in connection with, his or her duties, then the Company shall pay to the Executive’s legal representative the compensation and benefits under Section 2(c)(29.C.(b)(2).

Appears in 1 contract

Samples: Employment Agreement (Fallbrook Technologies Inc)

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