Common use of Termination upon Death Clause in Contracts

Termination upon Death. This Agreement shall terminate upon the Executive’s death. In the event this Agreement is terminated as a result of the Executive’s death, the Employer shall continue payments of the Executive’s Base Salary and payments related to Executive’s participation in the Benefit Plans which would have otherwise been due for a period of 90 days following the Executive’s death to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with the regular payroll practices of the Employer.

Appears in 7 contracts

Samples: Employment Agreement (Oneida Financial Corp.), Employment Agreement (Oneida Financial Corp.), Employment Agreement (Oneida Financial Corp.)

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Termination upon Death. This Agreement shall terminate upon the Executive’s 's death. In the event this Agreement is terminated as a result of the Executive’s 's death, the Employer shall continue payments of the Executive’s 's Base Salary and payments related to Executive’s 's participation in the Benefit Plans which would have otherwise been due for a period of 90 days following the Executive’s 's death to the Executive’s 's estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with the regular payroll practices of the Employer.

Appears in 6 contracts

Samples: Employment Agreement (Oneida Financial Corp), Employment Agreement (Oneida Financial Corp), Employment Agreement (Oneida Financial Corp)

Termination upon Death. This Agreement shall terminate upon the ----------------------- Executive’s 's death. In the event this Agreement is terminated as a result of the Executive’s 's death, the Employer shall continue payments of the Executive’s 's Base Salary and payments related to Executive’s 's participation in the Benefit Plans which would have otherwise been due for a period of 90 days following the Executive’s 's death to the Executive’s 's estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with the regular payroll practices of the Employer.

Appears in 6 contracts

Samples: Employment Agreement (Oneida Financial Corp), 3 Employment Agreement (Oneida Financial Corp), Employment Agreement (Oneida Financial Corp)

Termination upon Death. This Agreement shall terminate upon the Executive’s death. In the event this Agreement is terminated as a result of the Executive’s death, the Employer shall continue payments of the Executive’s then current Base Salary and payments related to Executive’s participation in the Benefit Plans which would have otherwise been due for a period of 90 60 days following the Executive’s death to the Executive’s estate or beneficiary designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with by Executive on the regular payroll practices of the Employer.“Beneficiary Designation Form” attached to this Agreement as Appendix A.

Appears in 5 contracts

Samples: Employment Agreement (DCB Financial Corp), Employment Agreement (DCB Financial Corp), Employment Agreement (Alliance Financial Corp /Ny/)

Termination upon Death. This Agreement shall terminate upon the Executive’s 's death. In the event this Agreement is terminated as a result of the Executive’s 's death, the Employer shall continue payments of the Executive’s 's Base Salary and payments related to Executive’s participation in the Benefit Plans which would should have otherwise been due for a period of 90 30 days following the Executive’s 's death to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with the regular payroll practices of the Employer's estate.

Appears in 5 contracts

Samples: Employment Agreement (Partners Trust Financial Group Inc), Employment Agreement (Partners Trust Financial Group Inc), Employment Agreement (Partners Trust Financial Group Inc)

Termination upon Death. This Agreement shall terminate upon If the Executive’s death. In the event this Agreement employment is terminated as a result by reason of the Executive’s deathdeath during the Term, the Employer this Agreement shall continue payments of terminate without further obligations to the Executive’s Base Salary and payments related to Executive’s participation in legal representatives under this Agreement, other than for (i) payment of the Benefit Plans Accrued Obligation (which would have otherwise been due for a period of 90 days following the Executive’s death shall be paid to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made beneficiary, as applicable, in accordance with the regular payroll practices a lump sum in cash within 30 days of the EmployerDate of Termination) and (ii) the timely payment or provision of any and all Benefit Obligation, which under their terms are available in the event of death.

Appears in 4 contracts

Samples: Employment Agreement (Gulfmark Offshore Inc), Employment Agreement (Gulfmark Offshore Inc), Employment Agreement (Gulfmark Offshore Inc)

Termination upon Death. This If the Executive dies during the Term of his employment with the Company, this Agreement shall terminate upon as of the Executive’s date of his death. In the event this Agreement is terminated as a result of On termination upon the Executive’s death, the Employer Executive’s estate shall continue payments be entitled to be paid that portion of the Executive’s Base Salary that would otherwise have been payable to the Executive through and payments related to Executive’s participation including the final day of the month in the Benefit Plans which would have otherwise been due for a period of 90 days following the Executive’s death occurs, together with all benefits due to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with Executive under the regular payroll practices Employee Benefit Plans through and including such date to the extent allowed by law and the terms, conditions, and limitations of the Employerapplicable plan documents.

Appears in 3 contracts

Samples: Executive Employment Agreement (Perseon Corp), Executive Employment Agreement (Perseon Corp), Executive Employment Agreement (Perseon Corp)

Termination upon Death. This Agreement shall terminate upon the Executive’s 's death. In the event this Agreement is terminated as a result of the Executive’s 's death, the Employer shall continue payments of the Executive’s 's Base Salary and payments related to Executive’s participation in the Benefit Plans which would should have otherwise been due for a period of 90 days following the Executive’s 's death to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with the regular payroll practices of the Employer's estate.

Appears in 2 contracts

Samples: Employment Agreement (Partners Trust Financial Group Inc), Employment Agreement (Partners Trust Financial Group Inc)

Termination upon Death. This Agreement shall terminate upon the Executive’s death. In the event this Agreement is terminated as a result of the Executive’s death, the Employer Employers shall continue payments of the Executive’s Base Salary and payments related to Executive’s participation in the Benefit Plans which would should have otherwise been due for a period of 90 30 days following the Executive’s death to the Executive’s estate and to pay or designated beneficiaries. Such continued payment of Base Salary provide any other Accrued Obligations or Other Benefits, which shall be made in accordance with include death benefits on the regular payroll practices same basis as provided to similarly situated executives of the EmployerEmployers.

Appears in 2 contracts

Samples: Employment Agreement (Partners Trust Financial Group Inc), Employment Agreement (Partners Trust Financial Group Inc)

Termination upon Death. This Agreement shall terminate upon the Executive’s death. In the event this Agreement is terminated as a result of the Executive’s death, the Employer shall continue payments of the Executive’s Base Salary and payments related to Executive’s participation in the Benefit Plans which would should have otherwise been due for a period of 90 30 days following the Executive’s death to the Executive’s estate and to pay or designated beneficiaries. Such continued payment of Base Salary provide any other Accrued Obligations or Other Benefits, which shall be made in accordance with include death benefits on the regular payroll practices same basis as provided to similarly situated executives of the EmployerEmployer and the Bank.

Appears in 2 contracts

Samples: Employment Agreement (Partners Trust Financial Group Inc), Employment Agreement (Partners Trust Financial Group Inc)

Termination upon Death. This Agreement shall The Executive’s death will immediately terminate upon this Agreement. The Company will pay the Executive’s deathestate any of Executive’s accrued base salary and any earned, but unpaid, Annual Bonus (at the time otherwise payable under this Agreement) through the date of termination and reimbursement of expenses. In The Executive’s estate will forfeit any Restricted Stock (and the event this Agreement is terminated related Retained Distributions) not vested in the Executive as a result of the date of the Executive’s death, the Employer shall continue payments of the Executive’s Base Salary and payments related to Executive’s participation in the Benefit Plans which would have otherwise been due for a period of 90 days following the Executive’s death to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with the regular payroll practices of the Employer.

Appears in 2 contracts

Samples: Employment Agreement (Datalink Corp), Employment Agreement (Datalink Corp)

Termination upon Death. This Agreement shall terminate upon the Executive’s death. In the event this Agreement is terminated as a result of the Executive’s death, the Employer shall continue payments of the Executive’s Base Salary and payments related to Executive’s participation in the Benefit Plans which would should have otherwise been due for a period of 90 days following the Executive’s death to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with the regular payroll practices of the Employerestate.

Appears in 2 contracts

Samples: Employment Agreement (Partners Trust Financial Group Inc), Employment Agreement (Partners Trust Financial Group Inc)

Termination upon Death. This Agreement shall The Executive’s death will immediately terminate upon this Agreement. The Company will pay the Executive’s death. In estate any of Executive’s accrued base salary and any earned, but unpaid, Annual Bonus through the event date of termination and at the time otherwise payable under this Agreement (i.e., after the end of the applicable service period provided it is terminated earned and on a prorated basis) and reimbursement of expenses. The Executive’s estate will forfeit any Restricted Stock (and the related Retained Distributions) not vested in the Executive as a result of the date of the Executive’s death, the Employer shall continue payments of the Executive’s Base Salary and payments related to Executive’s participation in the Benefit Plans which would have otherwise been due for a period of 90 days following the Executive’s death to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with the regular payroll practices of the Employer.

Appears in 2 contracts

Samples: Employment Agreement (Datalink Corp), Employment Agreement (Datalink Corp)

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Termination upon Death. This If the Executive dies during the Term of her employment with the Company, this Agreement shall terminate upon as of the Executive’s date of her death. In the event this Agreement is terminated as a result of On termination upon the Executive’s death, the Employer Executive’s estate shall continue payments be entitled to be paid that portion of the Executive’s Base Salary that would otherwise have been payable to the Executive through and payments related to Executive’s participation including the final day of the month in the Benefit Plans which would have otherwise been due for a period of 90 days following the Executive’s death occurs, together with all benefits due to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with Executive under the regular payroll practices Employee Benefit Plans through and including such date to the extent allowed by law and the terms, conditions, and limitations of the Employerapplicable plan documents.

Appears in 1 contract

Samples: Executive Employment Agreement (Perseon Corp)

Termination upon Death. This Agreement and Executive’s employment hereunder shall terminate automatically upon the death of Executive’s death. In Except for the event Transition Payment as set forth in Section 3.2, all compensation and benefits set forth in this Agreement is terminated as a result of the shall cease upon Executive’s 's death, the Employer shall continue payments of the Executive’s Base Salary and payments related to Executive’s participation in the Benefit Plans which would have otherwise been due for a period of 90 days following the Executive’s death to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with the regular payroll practices of the Employer.

Appears in 1 contract

Samples: Executive Transition Services Agreement (Onvia Inc)

Termination upon Death. This Agreement shall terminate upon the Executive’s death. In the event If this Agreement is terminated terminates as a result of the Executive’s death, (i) the Employer Company’s obligations to the Executive to pay or provide benefits (other than health benefits for Executive’s spouse, which shall continue payments for one (1) year after Executive’s death), will cease on the Date of Termination, and (ii) the Company will continue to pay Executive’s estate $100,000 of Executive’s Base Salary and payments related to Executive’s participation his Bonus as provided in the Benefit Plans which would have otherwise been due for a period of 90 days following the Executive’s death to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with the regular payroll practices of the Employerthis Agreement through March 26, 2002.

Appears in 1 contract

Samples: Employment Agreement (Henry Co)

Termination upon Death. This Amended Agreement shall terminate upon the Executive’s death. In the event this Amended Agreement is terminated as a result of the Executive’s death, the Employer shall continue payments of the Executive’s Base Salary and payments related to Executive’s participation in the Benefit Plans which would should have otherwise been due for a period of 90 30 days following the Executive’s death to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with the regular payroll practices of the Employerestate.

Appears in 1 contract

Samples: Employment Agreement (WSB Holdings Inc)

Termination upon Death. This Agreement shall terminate upon the Executive’s death. In the event this Agreement is terminated as a result of the Executive’s death, the Employer Employers shall continue payments of pay the Executive’s Base Salary and payments related to Executive’s participation in for the Benefit Plans which would have otherwise been due for a period remainder of 90 days following the Executive’s death Employment Term to the Executive’s estate in a lump sum and to pay or designated beneficiaries. Such continued payment of Base Salary provide any other Accrued Obligations or Other Benefits, which shall be made in accordance with include death benefits on the regular payroll practices same basis as provided to similarly situated executives of the EmployerEmployers.

Appears in 1 contract

Samples: Employment Agreement (Partners Trust Financial Group Inc)

Termination upon Death. This Agreement shall terminate upon the Executive’s death. In the event this Agreement is terminated as a result of the Executive’s death, the Employer shall continue payments of the Executive’s Base Salary and payments related to Executive’s participation in the Benefit Plans which would should have otherwise been due for a period of 90 30 days following the Executive’s death to the Executive’s estate or designated beneficiaries. Such continued payment of Base Salary shall be made in accordance with the regular payroll practices of the Employerestate.

Appears in 1 contract

Samples: Employment Agreement (WSB Holdings Inc)

Termination upon Death. This Agreement shall terminate upon the Executive’s death. In the event this Agreement is terminated as a result of the Executive’s death, the Employer shall continue payments of pay the Executive’s Base Salary and payments related to Executive’s participation in for the Benefit Plans which would have otherwise been due for a period remainder of 90 days following the Executive’s death Employment Term to the Executive’s estate in a lump sum and pay or designated beneficiaries. Such continued payment of Base Salary provide any other Accrued Obligations or Other Benefits, which shall be made in accordance with include death benefits on the regular payroll practices same basis as provided to similarly situated executives of the EmployerEmployer and the Bank.

Appears in 1 contract

Samples: Employment Agreement (Partners Trust Financial Group Inc)

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