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

Termination Upon Executive’s Death. In the event of Executive’s death, this Agreement shall terminate and Cedar Fair shall pay to Executive’s estate any compensation and benefits earned but not yet paid as of the date of Executive’s death. Such payment shall be made within ninety (90) days following Executive’s death; provided that where the ninety- (90-) day period begins in one calendar year and ends in another year, neither the estate nor Executive’s beneficiary(ies) shall have the right to designate the taxable year of payment. Upon Executive’s death, during the remainder of the Employment Term (not in excess of twenty-four (24) months following Executive’s death), Executive’s spouse and eligible dependents, subject to the terms and conditions of Section 5(b) hereof, shall have the right to continue medical and dental insurance coverage during such remainder of the Employment Term pursuant to COBRA Law, and from the date of Executive’s death through the remainder of the Employment Term, Executive’s spouse and eligible dependents shall be required to pay the full cost of the amount for such coverage (both COBRA Law continuee and employer) on an after-tax basis and, if permitted under applicable law, as determined in good faith by Cedar Fair, Cedar Fair shall reimburse such COBRA Law continuee(s) for the payments on a monthly basis.

Termination Upon Executive’s Death. In the event of Executive’s 's death, this Agreement shall terminate and Cedar Fair shall pay to Executive’s 's estate any compensation and benefits earned but not yet paid as of the date of Executive’s 's death. Such payment shall be made within ninety (90) days following Executive’s 's death; provided that where the ninety- (90-) day period begins in one calendar year and ends in another year, neither the estate nor Executive’s 's beneficiary(ies) shall have the right to designate the taxable year of payment. Upon Executive’s 's death, during the remainder of the Employment Term (not in excess of twenty-four (24) months following Executive’s 's death), Executive’s 's spouse and eligible dependents, subject to the terms and conditions of Section 5(b) hereof, shall have the right to continue medical and dental insurance coverage during such remainder of the Employment Term pursuant to COBRA Law, and from the date of Executive’s 's death through the remainder of the Employment Term, Executive’s 's spouse and eligible dependents shall be required to pay the full cost of the amount for such coverage (both COBRA Law continuee and employer) on an after-tax basis and, if permitted under applicable law, as determined in good faith by Cedar Fair, Cedar Fair shall reimburse such COBRA Law continuee(s) for the payments on a monthly basis.