Common use of Termination on Account of Death Clause in Contracts

Termination on Account of Death. The Executive’s employment shall terminate automatically if the Executive dies during the Term of the Agreement. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of death, Executive shall be entitled to receive any death benefits under a program maintained by the Company that covers Executive and any unpaid Accrued Obligations, but no severance payments provided for in this Agreement shall be paid to Executive. Any unpaid Accrued Obligations shall be paid to the Executive’s estate or beneficiary, as applicable, in a lump sum cash payment within thirty (30) days of the Executive’s termination of employment.

Termination on Account of Death. The Executive’s employment shall terminate automatically if the Executive dies during the Term of the Agreement. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of death, Executive shall be entitled to receive any death benefits under a program maintained by the Company that covers Executive and any unpaid Accrued Obligations, but no severance payments provided for in this Agreement shall be paid to Executive. Any unpaid Accrued Obligations shall be paid to the Executive’s estate or beneficiary, as applicable, in a lump sum cash payment within thirty (30) days of the Executive’s termination of employment.. ​ ​ ​