Example ContractsClausesdeath benefitsVariants
Death Benefits
Death Benefits contract clause examples

The Executive’s employment with the Company terminates without notice immediately upon the death of the Executive. Upon the death of the Executive, the Executive’s beneficiary, designated in writing to the Company, will be entitled to receive continuing payments of the Base Salary for a period of twelve months.

Termination Due to Death: In the event Executive’s employment terminates during the Term as a result of Executive’s death, Executive’s beneficiary or beneficiaries shall receive any base salary and benefits accrued but unpaid as of his death, plus any amounts payable on account of Executive’s death pursuant to any other plan or program of [[Corporate Group:Organization]].

In the event of Executive’s death during the term of the Agreement, his estate, legal representatives or named beneficiaries (as directed by Executive in writing) shall be paid Executive’s Base Salary as defined in Paragraph 3(a) at the rate in effect at the time of Executive’s death for a period of twelve (12) months from the date of Executive’s death, in accordance with its regular payroll practice, and the Employer grant to the Executive’s surviving spouse and eligible dependents covered under the Company’s health care plan at the time of his death, if any, the same health care benefits described in Section 4(c) above for a period of twelve (12) months from the date of Executive’s death. Any payments hereunder shall commence within thirty days following the date of Executive’s death.

Death. In the event of the Executive’s death, the Executive’s estate shall be paid the unpaid portion of the Base Salary earned up to the date of his death; and the Executive’s designated beneficiary (or, in the absence of a designated beneficiary, the Executive’s estate) shall be paid all benefits payable under the terms of the Company’s employee benefit plans.

Death. The Executive’s employment under this Agreement shall terminate immediately upon the Executive’s death, and the Company shall have no further obligations under this Agreement, except to pay to the Executive’s estate (or his beneficiary, as may be appropriate) # any Base Salary earned through his date of death, to the extent theretofore unpaid, # a pro-rated Incentive Bonus Payment for the year in which the Executive’s death occurs, equal to the product of # the actual Incentive Bonus Payment for the year of termination multiplied by # a fraction, the numerator of which is the number of completed days in the year of termination during which the Executive was employed by the Company and the denominator of which is 365, and provided that such amount will be paid in the normal course and shall only be paid if the Executive would have become entitled to such amount if he had not terminated his employment, and # such retirement and other benefits earned and vested (if applicable) by the Executive as of the date of his death under any employee benefit plan of the Company in which the Executive participates, including without limitation all vested benefits due under the Restoration Plan and other retirement plans, all of the foregoing to be paid in the normal course for such payments and in accordance with the terms of such plans.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.