Common use of Termination of Employment upon Death Clause in Contracts

Termination of Employment upon Death. Upon Executive’s death, the Executive’s estate or beneficiaries, as applicable, shall not be entitled to any further compensation for any period subsequent to the date of such Termination of Employment, except for payments, if any, payable in accordance with the then current plans and policies of Arrow or the Bank, including death benefits; provided, however, that any such Termination of Employment for death occurring after the Executive shall have elected to become a Retired Early Employee under Paragraph 6 of this Agreement will not affect the right of the Executive to receive all of the payments provided for therein in accordance with Paragraph 6(c).

Termination of Employment upon Death. Upon Executive’s death, the Executive’s estate or beneficiaries, as applicable, shall not be entitled to any further compensation for any period subsequent to the date of such Termination of Employment, except for payments, if any, payable in accordance with the then current plans and policies of Arrow or the Bank, including death benefits; provided, however, that any such Termination of Employment for death occurring after the Executive shall have elected to become a Retired Early Employee under Paragraph 6 of this Agreement will not affect the right of the Executive to receive all of the payments provided for therein in accordance with Paragraph 6(c).. *E.