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

Termination Upon Executive’s Death. If Executive’s employment terminates during the Term due to Executive’s death, then: (i) the Company shall pay to Executive’s beneficiary, (A) any accrued, but unpaid Base Salary and Annual Bonus through the Termination Date, (B) any accrued but unpaid vacation pay through the Termination Date, and (C) a pro-rata portion of Executive’s Annual Bonus for the Termination Year; and (ii) the Company shall provide Executive’s spouse and dependents with Continued Benefits for 12 months following the Termination Date.

Termination Upon Executive’s Death. If Executive’s employment terminates during the Term due to Executive’s death, then: (i) the Company shall pay to Executive’s beneficiary, (A) any accrued, but unpaid Base Salary and Annual Bonus through the Termination Date, (B) any accrued but unpaid vacation pay through the Termination Date, and (C) a pro-rata portion of Executive’s Annual Bonus for the Termination Year, and (D) the Retention Bonus, to the extent not already paid in accordance with Section 4(h) above; and (ii) the Company shall provide Executive’s spouse and dependents with Continued Benefits for 12 months following the Termination Date.