Termination on Account of Death. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive (including under the original terms of any stock option or Restricted Stock Units held by Executive), and Executive shall not receive payments or benefits pursuant to Section 2, except that any of Executive’s XXXx that remain outstanding as of the date of death shall be treated in accordance with the terms of the PRU Agreement.
Appears in 5 contracts
Samples: Executive Employment Agreement (Costco Wholesale Corp /New), Executive Employment Agreement (Costco Wholesale Corp /New), Executive Employment Agreement (Costco Wholesale Corp /New)
Termination on Account of Death. Notwithstanding anything in this Agreement to the contrary, if Executive’s 's employment terminates on account of Executive's death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive (including under the original terms of any stock option or Restricted Stock Units held by Executive), and Executive shall not receive payments or benefits pursuant to Section 2, except that any of Executive’s XXXx that remain outstanding as of the date of death shall be treated in accordance with the terms of the PRU AgreementSections 3 hereof.
Appears in 4 contracts
Samples: Executive Employment Agreement (Orbital Infrastructure Group, Inc.), Executive Employment Agreement (CUI Global, Inc.), Executive Employment Agreement (CUI Global, Inc.)
