Common use of Upon Death Clause in Contracts

Upon Death. The Executive’s employment hereunder shall terminate automatically upon the death of the Executive. The Company shall pay to the Executive’s beneficiaries or estate, as appropriate, the compensation to which he is entitled pursuant to Section 5.1 through the end of the month in which death occurs.

Appears in 7 contracts

Sources: Employment Agreement (GTT Communications, Inc.), Employment Agreement (GTT Communications, Inc.), Employment Agreement (Global Telecom & Technology, Inc.)

Upon Death. The Executive’s employment hereunder shall terminate automatically upon the death of the Executive. The Company shall pay to the Executive’s beneficiaries or estate, as appropriate, the compensation to which he is entitled pursuant to Section 5.1 through the end of the month in which death occurs, plus vesting of a pro rata portion (based upon his service through the date of death) of any restricted stock granted to Executive pursuant to Section 5.4 determined as if vesting was on a monthly basis over a 48 month period.

Appears in 1 contract

Sources: Employment Agreement (Global Telecom & Technology, Inc.)

Upon Death. The Executive’s employment hereunder If the Executive dies during the Term, this Agreement shall automatically terminate automatically upon the death as of the close of business on the date of his death, and the Executive. The 's legal representatives shall be entitled to receive, and the Company shall pay or cause to be paid, the Executive’s beneficiaries or estate, as appropriate, the compensation to which he is entitled pursuant to Section 5.1 through the end of the month 's Base Salary in which death occursmonthly installments for one year following such termination.

Appears in 1 contract

Sources: Employment Agreement (American Safety Razor Co)

Upon Death. The Executive’s employment hereunder shall terminate automatically upon the death of the Executive. The Company shall pay to the Executive’s beneficiaries or estate, as appropriate, the compensation to which he is entitled pursuant to Section 5.1 through the end of the month in which death occurs, plus all accrued bonuses and his bonus for the year of his death (prorated to his date of death).

Appears in 1 contract

Sources: Employment Agreement (GTT Communications, Inc.)