Common use of The death of Executive Clause in Contracts

The death of Executive. If Executive shall die during the term of his employment hereunder, this Agreement shall terminate immediately. In such event, Executive's designated beneficiary or, if none is designated, the estate of Executive shall thereupon be entitled to receive such portion of Executive's annual salary, unused vacation time, and reimbursement of expenses pursuant to Section 5 as have been accrued through the date of his death. ; or