Common use of Upon Death Clause in Contracts

Upon Death. In the event of the Employee's death during the term hereof, the Employee's employment hereunder shall immediately and automatically terminate. In such event, the Company shall pay to the Employee's designated beneficiary or, if no beneficiary has been designated by the Employee, to the Employee's estate, any base salary earned and unpaid through the date of death.

Appears in 10 contracts

Samples: Employment Agreement (Ust Corp), Employment Agreement (Ust Corp), Executive Employment Agreement (Ust Corp)

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Upon Death. In the event of the Employee's death during the term hereof, the Employee's employment hereunder shall immediately and automatically terminate. In such event, the Company UST shall pay to the Employee's designated beneficiary or, if no beneficiary has been designated by the Employee, to the Employee's estate, Base Salary earned but unpaid, and vacation time accrued but unused, through the date of death and any base salary earned and short-term incentive compensation awarded but unpaid through on the date of death.

Appears in 1 contract

Samples: Executive Employment Agreement (Ust Corp /Ma/)

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Upon Death. In the event of the Employee's death during the term hereof, the Employee's employment hereunder shall immediately and automatically terminate. In such event, the Company shall pay to the Employee's designated beneficiary or, if no beneficiary has been designated by the Employee, to the Employee's estate, any base salary Base Salary earned and but unpaid through the date of deathtermination, any bonus awarded but not yet paid and pay for any vacation time accrued but not used through the date of termination. .

Appears in 1 contract

Samples: Executive Employment Agreement (Ust Corp /Ma/)

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