Common use of In the Event of Death Clause in Contracts

In the Event of Death. This Agreement shall terminate in the event of Executive's death, in which case Executive's estate shall be entitled to the bi-weekly installments of Executive's Base Salary for a period of six months following the date of death and Executive's Business Expense Reimbursement not paid prior to his death. In addition, the Board of Directors may, at its sole discretion, pay to Executive's estate a pro-rata portion of any bonus Executive would have received pursuant to Section 4(f); it being understood that the Board shall have no obligation to award such bonus.

In the Event of Death. This Agreement employment agreement shall terminate in the event of Executive's death, in which case Executive's estate shall be entitled to the bi-weekly installments of Executive's Base Salary for a period of six months following the date of death and Executive's Business Expense Reimbursement not paid prior to his death. In addition, the Board of Directors may, at its sole discretion, pay to Executive's estate a pro-rata portion of any bonus Executive would have received pursuant to Section 4(f); it being understood that the Board shall have no obligation to award such bonus.