Termination on Account of Death. In the event of Executive's death while in the employ of the Company, the Company shall pay to the Executive's Designated Beneficiaries (as defined below) one hundred percent (100%) of Executive's Base Salary as in effect immediately prior to Executive's death, payable to Executive's Designated Beneficiary at the beginning of each month for a period of twelve (12) months following Executive's death or until the end of the Term of Employment, whichever is sooner. In addition, Executive's surviving spouse, if any, shall continue to be covered by all medical, health and accident insurance, and for the same coverage, maintained for Executive's benefit immediately prior to the date of Executive's death, for a period of twelve (12)
Appears in 8 contracts
Samples: Execution Copy (Physician Partners Inc), Execution Copy (Physician Partners Inc), Employment Agreement (Physician Partners Inc)
