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

Termination of Employment by Reason of Death. If the Executive dies during the term of this Agreement, this Agreement shall terminate automatically as of the date of his death and the Company shall pay to the Executive's spouse, or if there is no spouse to the Executive's estate, the compensation set forth in Section 9.

Appears in 1 contract

Samples: Employment Agreement (Merchants Group Inc)

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Termination of Employment by Reason of Death. If the Executive dies If, during the term Change in Control Period, the Executive's employment with the Company is terminated by reason of this Agreementthe Executive's death, this Agreement shall terminate automatically as of the date of his death and the Company shall pay without further obligation to the Executive's spouse, or if there is no spouse to the Executive's estate, the compensation set forth in Section 9legal representatives under this Agreement.

Appears in 1 contract

Samples: Change in Control Agreement (Marshall Industries)

Termination of Employment by Reason of Death. If the Executive dies during the term of this Agreement, this The Agreement shall terminate automatically as of on the date of Executive’s death, in which event Salary and benefits owing to Executive through the date of Executive’s death shall be paid to his death and the Company shall pay estate. Executive’s estate will not be entitled to the Executive's spouse, or if there is no spouse to the Executive's estate, the any other compensation set forth in Section 9under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Genetic Technologies LTD)

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Termination of Employment by Reason of Death. If the Executive dies shall die during the term of this Agreement, this Agreement shall terminate automatically as of the date of his death and the Company Corporation shall pay to the Executive's spouse, or if there is no spouse legal representatives the compensation which would otherwise be payable to the Executive's estate, Executive up to the compensation set forth end of the month in Section 9which his death occurs and no more.

Appears in 1 contract

Samples: Employment Agreement (Esquire Communications LTD)

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