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

Termination Upon Executive’s Death. This Agreement shall terminate upon death of Executive; provided, however, that in such event the Corporation shall pay to the estate of Executive his compensation including salary and accrued target bonus, if any, which otherwise would be payable to Executive through the end of the month in which his death occurs.

Appears in 4 contracts

Samples: Employment Agreement (Optical Cable Corp), Employment Agreement (Optical Cable Corp), Employment Agreement (Optical Cable Corp)

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Termination Upon Executive’s Death. This Agreement shall terminate upon death of Executive; provided, however, that in such event the Corporation shall pay to the estate of Executive his her compensation including salary and accrued target bonus, if any, which otherwise would be payable to Executive through the end of the month in which his her death occurs.

Appears in 2 contracts

Samples: Employment Agreement (Optical Cable Corp), Employment Agreement (Optical Cable Corp)

Termination Upon Executive’s Death. This Agreement shall terminate upon death of Executive; provided, however, that in such event the Corporation Company shall pay to the estate of Executive his compensation including including: (i) salary and accrued target bonus, if any, pursuant to Section 4(a) which otherwise would be payable to Executive through the end of the month in which his death occurs, and (ii) a prorata portion of his annual bonus opportunity pursuant to Section 6 in effect immediate preceding such termination, through the end of the month in which his death occurs.

Appears in 2 contracts

Samples: Employment Agreement (Optical Cable Corp), Employment Agreement (Optical Cable Corp)

Termination Upon Executive’s Death. This Agreement shall terminate upon death of Executive; provided, however, that in such event the Corporation shall pay to the estate of Executive his accrued but unpaid base salary compensation including salary and accrued target bonus, if any, which otherwise would be payable to Executive earned through the end date of termination as well as any unpaid and due bonus/commission earned up to the month in which his death occursdate of termination.

Appears in 1 contract

Samples: Employment Agreement (AvePoint, Inc.)

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Termination Upon Executive’s Death. This Agreement shall terminate ----------------------------------- immediately upon the death of the Executive; provided. In the event of the Executive's death, however, that in such event the Corporation Executive's estate shall pay be paid by the Company all of the compensation and benefits due to the estate of Executive his compensation including salary and accrued target bonus, if any, which otherwise would be payable to Executive through the end date of his death, including, without limitation, incentive compensation earned by Executive under the executive bonus plan for a prior calendar year but unpaid by the Company as of the month in which date of his death occursdeath.

Appears in 1 contract

Samples: Employment Agreement (Fairfield Communities Inc)

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