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 Base Compensation through the date of death at the then effective Base Compensation rate plus (2) any accrued but unpaid Incentive Compensation plus (3) any expenses incurred in accordance with Section 6 hereof. All previously granted stock options, rights, warrants and awards shall fully vest on the death of the Executive, except that the provisions of the Company's Stock Incentive Plan and any other Benefit Plan shall control the benefits and awards covered thereby.
Appears in 4 contracts
Samples: Executive Employment Agreement (European Micro Holdings Inc), Executive Employment Agreement (European Micro Holdings Inc), Executive Employment Agreement (European Micro Holdings Inc)
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 Base Compensation through the date of death at the his then effective Base Compensation rate plus (2) an amount equal to the pro-rata share of any accrued but unpaid Incentive Bonus Compensation plus (3) any expenses incurred calculated with respect to the Fiscal Year in accordance with Section 6 hereof. All previously granted stock options, rights, warrants and awards shall fully vest on which the death of the Executive, except that the provisions of the Company's Stock Incentive Plan and any other Benefit Plan shall control the benefits and awards covered therebyoccurs.
Appears in 3 contracts
Samples: Executive Employment Agreement (Pharmasystems Holdings Corp), Executive Employment Agreement (Pharmasystems Holdings Corp), Executive Employment Agreement (Pharmasystems Holdings Corp)
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 Base Compensation through the date of death at the then effective Base Compensation rate rate, plus (2) any accrued but unpaid Incentive Compensation Compensation, plus (3) any expenses incurred in accordance with Section 6 hereof. All previously granted stock options, rights, warrants and awards shall fully vest on the death of the Executive, except that the provisions of the Company's Stock Incentive Plan and any other Benefit Plan shall control the benefits and awards covered thereby.
Appears in 2 contracts
Samples: Executive Employment Agreement (Avid Sportswear & Golf Corp), Executive Employment Agreement (Medical Staffing Solutions Inc)
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 Base Compensation through the date of death at the then effective Base Compensation rate plus (2) an amount equal to the pro-rata share of any accrued but unpaid Incentive Compensation plus (3) any expenses incurred Bonus calculated with respect to the Fiscal Year in accordance with Section 6 hereofwhich the death occurs. All previously granted stock options, rights, warrants and awards shall fully vest on the death of the Executive, except that the provisions of the Company's Stock Incentive Plan and any other Benefit Plan benefit plan shall control the benefits and awards covered thereby.
Appears in 2 contracts
Samples: Executive Employment Agreement (Genetic Vectors Inc), Executive Employment Agreement (Genetic Vectors Inc)
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 Base Compensation through the date of death at the then effective Base Compensation rate rate, plus (2) any accrued but unpaid Incentive Compensation Compensation, plus (3) any expenses incurred in accordance with Section 6 hereof. All previously granted stock options, rights, warrants and awards shall fully vest on the death of the Executive, except that the provisions of the Company's Stock Incentive Plan and any other Benefit Plan shall control the benefits and awards covered thereby.
Appears in 2 contracts
Samples: Executive Employment Agreement (Regional Capital Management Corp), Executive Employment Agreement (Regional Capital Management Corp)
Termination Upon Executive’s Death. In the event of the Executive's ’s death, the Company shall pay to the Executive's ’s estate (1) any unpaid amount of Base Compensation through the date of death at the then effective Base Compensation rate rate, plus (2) any accrued but unpaid Incentive Compensation Compensation, plus (3) any expenses incurred in accordance with Section 6 hereof. All previously granted stock options, rights, warrants and awards shall fully vest on the death of the Executive, except that the provisions of the Company's ’s Stock Incentive Plan and any other Benefit Plan shall control the benefits and awards covered thereby.
Appears in 1 contract
Samples: Executive Employment Agreement (Falcon Natural Gas Corp)