Example ContractsClausesExecutive’s Death
Executive’s Death
Executive’s Death contract clause examples
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Subject to the terms and conditions of this Section 5, if the Employment Period is terminated by Company due to Executive’s death, Executive’s beneficiary or estate will receive Executive’s Base Salary at the rate in effect at the time of Executive’s death, for a period of six months following the date of Executive’s death and payable in accordance with the Company’s normal payroll practices. To the extent COBRA coverage is timely elected, the Company shall pay 100% of the Executive’s beneficiaries (if any) COBRA premiums for a period ending on the later of the expiration of the Employment Period in which Executive's death occurred or a period of twelve (12) months (so long as beneficiaries remain eligible for COBRA).

If the Employment Period ends early at any time pursuant to [subparagraph 5(b)] on account of the Executive’s death or Disability, the Executive (or in the event of the Executive’s death, Executive’s estate or eligible dependents, as applicable) shall be entitled to receive the following:

Termination Upon Death. In the event of termination by Flagship of the Executive’s employment with Flagship upon his death, the Executive’s estate shall receive the following compensation from Flagship in connection with such termination:

Death and Permanent Disability. Upon termination of Executive’s employment with the [[Organization A:Organization]] due to death or permanent disability during the Term, the employment relationship created pursuant to this Agreement will immediately terminate, the Term will end and amounts will only be payable under this Agreement as specified in this Section 8.B. Should Executive’s employment with the [[Organization A:Organization]] terminate by reason of Executive’s death or permanent disability during the Employment Period, Executive, or Executive’s estate, shall be entitled to receive:

Obligations of upon Executive’s Death. If the Executive’s employment is terminated by reason of the Executive’s death during the Change in Control Period, shall provide the Executive’s estate or beneficiaries with the Accrued Benefits, and shall have no other severance obligations under this Agreement. The Accrued Benefits shall be paid to the Executive’s estate or beneficiary, as applicable, within thirty (30) days following the Termination Date.

the Company prior to the Executive’s death (or to the Executive’s estate, if the Executive fails to make such designation).

Termination Date. For purposes of this Agreement, “Termination Date” means, in the case of the Executive’s death, the date of the Executive’s death, and in all other cases, the date specified in the Notice of Termination subject to the following:

Termination by Reason of Death or Disability. In the event that Executive’s employment is terminated by reason of Executive’s death or Disability (as defined below), Executive (or his estate, as the case may be) shall be entitled only to the following:

Termination Due to Death or Incapacity. If the Executive’s employment is terminated by reason of the Executive’s death or incapacity, this Agreement shall terminate without further obligations to the Executive or to the Executive’s legal representatives under this Agreement other than for the timely payment of the Executive’s currently effective annual base salary through the termination date, any accrued vacation pay, and any compensation that the Executive previously elected to defer.

Death. This Agreement and the Employee’s employment hereunder shall be terminated by the death of the Employee and all vested but unexercised Options shall remain exercisable by the Employee's designated beneficiary, or, in the absence of such designation, to the estate or other legal representative of the Employee, through the term of such Option.

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