Common use of Termination of Employment on Death Clause in Contracts

Termination of Employment on Death. If Executive dies, his employment shall automatically terminate as of the date of death of the Executive. If Executive's employment is terminated because the Executive dies, Executive will not receive any Continued Compensation under Section 6 but is entitled, after the date of death, to receive death and other benefits on a basis comparable to those provided by the Company to deceased employees and their families in accordance with such plans, programs, and policies relating to Executive's death, if any, as in effect on the Effective Date or as amended thereafter.

Appears in 7 contracts

Samples: Employment Continuity Agreement (LSB Bancshares Inc /Nc/), Employment Continuity Agreement (LSB Bancshares Inc /Nc/), Employment Continuity Agreement (LSB Bancshares Inc /Nc/)

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Termination of Employment on Death. If the Executive dies, his employment shall automatically terminate as of the date of death of the Executive. If Executive's employment is terminated because the Executive dies, Executive will not receive any Continued Compensation under Section 6 but is entitled, after the date of ’s death, to receive death and other benefits on a basis comparable to those provided by the Company to deceased employees and their families in accordance with such plans, programs, and policies relating to Executive's death, if any, as in effect on the Effective Date or as amended thereafter.

Appears in 6 contracts

Samples: Employment Continuity Agreement (LSB Bancshares Inc /Nc/), Employment Continuity Agreement (LSB Bancshares Inc /Nc/), Employment Continuity Agreement (LSB Bancshares Inc /Nc/)

Termination of Employment on Death. If Executive dies, his her employment shall automatically terminate as of the date of death of the Executive. If Executive's employment is terminated because the Executive dies, Executive will not receive any Continued Compensation under Section 6 but is entitled, after the date of death, to receive death and other benefits on a basis comparable to those provided by the Company to deceased employees and their families in accordance with such plans, programs, and policies relating to Executive's death, if any, as in effect on the Effective Date or as amended thereafter.

Appears in 2 contracts

Samples: Employment Continuity Agreement (LSB Bancshares Inc /Nc/), Employment Continuity Agreement (LSB Bancshares Inc /Nc/)

Termination of Employment on Death. If Executive dies, his employment shall automatically terminate as of the date of death of the Executive. If Executive's ’s employment is terminated because the Executive dies, Executive will not receive any Continued Compensation under Section 6 but is entitled, after the date of death, to receive death and other benefits on a basis comparable to those provided by the Company to deceased employees and their families in accordance with such plans, programs, and policies relating to Executive's ’s death, if any, as in effect on the Effective Date or as instituted or amended thereafter.

Appears in 1 contract

Samples: Employment Continuity Agreement (LSB Bancshares Inc /Nc/)

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Termination of Employment on Death. If the Executive dies, his her employment shall automatically terminate as of the date of death of the Executive. If Executive's employment is terminated because the Executive dies, Executive will not receive any Continued Compensation under Section 6 but is entitled, after the date of ’s death, to receive death and other benefits on a basis comparable to those provided by the Company to deceased employees and their families in accordance with such plans, programs, and policies relating to Executive's death, if any, as in effect on the Effective Date or as amended thereafter.

Appears in 1 contract

Samples: Employment Continuity Agreement (LSB Bancshares Inc /Nc/)

Termination of Employment on Death. If Executive dies, his employment this Agreement shall automatically terminate as of the date of death of the Executive. If Executive's ’s employment is terminated because the Executive dies, Executive will not receive any Continued Compensation under Section 6 this Agreement but is entitled, after the date of death, to receive death and other benefits on a basis comparable to those provided by the Company to deceased employees and their families in accordance with such plans, programs, and policies relating to Executive's ’s death, if any, as in effect on the Effective Date or as amended thereafter.

Appears in 1 contract

Samples: Employment Continuity Agreement (LSB Bancshares Inc /Nc/)

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