Common use of Termination Upon Executive’s Death Clause in Contracts

Termination Upon Executive’s Death. In the event of the Executive’s death, the Company shall pay to the Executive’s estate any unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminated.

Appears in 17 contracts

Samples: Executive Employment Agreement (Arcis Resources Corp), Executive Employment Agreement (Arcis Resources Corp), Executive Employment Agreement (Arcis Resources Corp)

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Termination Upon Executive’s Death. In the event of the Executive’s 's death, the Company shall pay to the Executive’s 's estate any unpaid Salary amount of Salary, benefits and un-reimbursed expenses through the Employment Termination Date and any Stock Options which have not vested as date of the Employment Termination Date shall be terminateddeath.

Appears in 3 contracts

Samples: Executive Employment Agreement (Newsmax Media Inc), Executive Employment Agreement (Newsmax Media Inc), Executive Employment Agreement (Newsmax Media Inc)

Termination Upon Executive’s Death. In the event of the Executive’s 's death, the Company shall pay to the Executive’s 's estate any unpaid Salary amount of Sales Commissions and Base Compensation through the Employment Termination Date and any Stock Options which have not vested as date of death at the Employment Termination Date shall be terminatedthen effective rate.

Appears in 2 contracts

Samples: Executive Employment Agreement (Team America Corporation), Executive Employment Agreement (Team America Corporation)

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Termination Upon Executive’s Death. In the event of the Executive’s death, the Company shall pay to the Executive’s estate (1) any unpaid amount of Salary through the Employment Termination Date and date of death at the then effective Salary rate plus (2) any Stock Options which have not vested as of the Employment Termination Date shall be terminatedexpenses incurred in accordance with Section 6.

Appears in 2 contracts

Samples: Executive Employment Agreement (APT Systems Inc), Executive Employment Agreement (North Springs Resources Corp.)

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