Termination Upon Death of Employee. This Agreement shall automatically terminate in the event of the Employee's death. In such case, any accrued compensation or benefits shall inure to the estate of the Employee, and the payment thereof shall be the only liability the Company shall have to the Employee's estate.
Termination Upon Death of Employee. This Agreement shall automatically terminate in the event of the Employee's death.
Termination Upon Death of Employee. This Agreement shall terminate upon the death of the Employee, in which event the Employee's estate, legal representatives or designee shall be entitled to receive, in full satisfaction of all obligations due to the Employee by the Company hereunder, (i) the Employee's Base Salary through the last day of the month of death; (ii) the proceeds of the insurance policy or policies maintained on the Employee's life, pursuant to Section 3(e) hereof; and (iii) any accrued but unpaid sick pay and any properly incurred unreimbursed expenses.
Termination Upon Death of Employee. This Agreement shall terminate upon the Employee's death. Upon such termination Employee's estate shall be entitled to receive Base Salary plus any adjustments due to the Employee to the last day of the calendar month in which death occurs and any unpaid incentive bonus for that month which may become due by reason of collection after Employee's death.
Termination Upon Death of Employee. In the event Employee dies during the Term of this Agreement, this Agreement shall immediately terminate and neither Employee nor the Employer shall have any further obligations hereunder except for unpaid salary or unreimbursed substantiated expenses owed at the time of death. Such unpaid salary and unreimbursed expenses shall be paid within ninety (90) days of the Employee’s death.
Termination Upon Death of Employee. This Agreement shall terminate upon the death of the Employee, in which event the Employee’s estate, legal representatives or Designee shall be entitled to receive, in full satisfaction of all obligations due to the Employee by the Company hereunder, (i) the Employee’s Base Salary through the last day of the month of death; (ii) the proceeds of the insurance policy or policies maintained on the Employee’s life, pursuant to Section 3(e) hereof; and (iii) any unreimbursed expenses payable pursuant to Section 4 above that were properly incurred prior to the Employee’s termination of employment, to the extent such expenses would have been reimbursable pursuant to Section 4 above.
Termination Upon Death of Employee. In the event of Employee’s death during the Employment Period, all of Employee’s rights and benefits provided for in this Agreement will terminate on the date of death; provided, however, that (i) Employee’s estate will be paid Employee’s pro rata Base Salary as earned through the Termination Date, (ii) Employee’s estate shall be entitled to receive any awarded and unpaid Annual Bonus for any full calendar year of the Company that ended prior to the Termination Date (in the amount theretofore awarded by the Board) on the date that such Annual Bonus would have otherwise been payable, and (iii) any extended health benefits provided by the Company in respect of Employee’s spouse and dependents shall continue at their expense as provided by state or federal law.
Termination Upon Death of Employee. In addition to any other provision relating to the termination, this Agreement shall terminate upon the Employee's death. In such event, the Company shall pay a severance allowance equal to one hundred eighty (180) days' salary to the Employee's estate, which may be covered by an insurance policy.
Termination Upon Death of Employee. This Agreement shall be terminated upon the death of Lai.
Termination Upon Death of Employee. In the event Employee dies during the Term of this Agreement, this Agreement shall immediately terminate and neither Employee nor the Employer shall have any further obligations hereunder except for (i) earned but unpaid salary or properly incurred but unreimbursed substantiated expenses owed at the time of death and any such other payments or benefits as may be required by applicable law (the “Accrued Obligations”) and (ii) any Bonus that has been determined and declared earned by the Board but remains unpaid as of the Termination Date. The Accrued Obligations shall be paid within ninety (90) days of the Employee’s death, or such other date as specified by applicable law.
