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

Termination Upon Executive’s Death. In the event of the death of Executive during the term of this Agreement, Executive’s employment with XStream shall terminate effective as of the date of Executive’s death. XStream shall pay Executive’s estate all Base Salary, Annual Bonus (if already awarded), Stock Options, Business Expenses and Benefits which are due and accrued through the date of Executive’s death. All such amounts shall be payable to Executive’s estate within ten (10) days of Executive’s death.

Termination Upon Executive’s Death. In the event of the death of Executive during the term of this Agreement, Executive’s employment with XStream shall terminate effective as of the date of Executive’s death. XStream shall pay Executive’s estate all Base Salary, Annual Bonus (if already awardedbased on the assumption that all criteria for such Annual Bonus were achieved), Stock Options, Business Expenses and Benefits which are due and accrued through the date of Executive’s death. All such amounts shall be payable to Executive’s estate within ten (10) days of Executive’s death.