On Death Clause Samples

On Death. If the Employee dies, the Company shall pay the Employee’s surviving spouse One Hundred Percent (100%) of his base salary until the fifth anniversary of his death. From the fifth anniversary of his death through the seventh anniversary of his death the Company shall pay the Employee’s surviving spouse Fifty Percent (50%) of his base salary. From the seventh anniversary of his death through the tenth anniversary of his death, the Company shall pay the Employee’s surviving spouse Twenty Five (25%) of his base salary. If there is no surviving spouse, the Company has no obligation to pay the Employee’s estate.

On Death. In the event of the Executive's death during the term of this Agreement, the Executive's employment shall be deemed to have terminated as of the last day of the month during which his death occurs and the Corporation shall promptly pay to his estate or such beneficiaries as the Executive may from time to time designate all accrued salary, bonus compensation to the extent earned, vested deferred compensation (other than pension plan or profit sharing plan benefits which will be paid in accordance with the applicable plan), any benefits under any plans of the Corporation in which the Executive is a participant to the full extent of the Executive's rights under such plans, accrued vacation pay and any appropriate business expenses incurred by the Executive in connection with her duties hereunder, all to the date of termination, and all Severance Compensation provided, but no other compensation or reimbursement of any kind.

On Death. The parties agree that neither shall have a claim on the ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

On Death. Where an employee who has served more than six (6) months dies, there shall be paid to his or her personal representative or, if there is no personal representative, to such person as the Civil Service Commission determines, the sum of,

On Death. If the Manager receives written notice of the death of a Participant, such notice will terminate the participation in the Plan of that Participant and of all the other Participants (if any) with whom that deceased Participant was a joint Participant.

On Death. Upon your death during your active employment at the Company, all then outstanding and unvested Restricted Stock Units granted hereunder shall become immediately vested without regard to the vesting schedule contained in Section 2 of this Agreement.

On Death. The minimum distribution rules ▇▇ ▇▇▇▇ Section 401(a)(9)(B) apply to the distribution of amounts remaining credited to your Roth IRA account after your death. It is unclear, pending fur▇▇▇▇ ▇▇▇dance from the IRS, exactly how these rules will apply to Roth IRAs. H▇▇▇▇er, in general those minimum distribution rules require that if you die on or after the date payments are deemed to have begun, the entire remaining account balance must be distributed to your designated beneficiary at least as rapidly as under the method of distribution in effect on your date of death, or, if more rapid, over a period that does not exceed your life expectancy or the joint life expectancy of you and your beneficiary, such life expectancy to be determined based on the expected return multiple tables shown in IRS Publication 590. Further, those rules provide that if you die before the date payments are deemed to have begun, the general rule is that the entire remaining account balance must be distributed in a lump sum or installments on or before December 31 of the calendar year during which the fifth anniversary of the date of your death occurs. However, if the balance of your account is payable to your designated beneficiary, your designated beneficiary may elect that the amount be paid in substantially equal installments over a fixed period not exceeding the designated beneficiary's life expectancy beginning no later than December 31 of the calendar year immediately following the calendar year in which you died. Further, those rules provide that if your spouse is your designated beneficiary, such a distribution need not commence until December 31 of the calendar year during which you would have reached age 70-1/2 had you survived. Alternatively, if your designated beneficiary is your spouse, he or she may elect to treat the account as his or her own. If your designated beneficiary makes no election, the five year rule described above is to be applied. If the amount distributed from your Roth IRA in any year is less than the minimum amount required ▇▇ ▇▇ ▇istributed after your death (see paragraph 2(b) above), your beneficiary will be subject to a 50% excise tax on the difference between the amount required to be distributed and the amount actually distributed. It is the Roth IRA holder's responsibility to seek assistance from a ta▇ ▇▇▇▇▇▇r, to calculate minimum distribution amounts, and to direct the Trustee, in writing, as to the amount and method of distribution desired. Dis...

On Death. Notwithstanding the foregoing, in the event of the death of Optionee, the Option shall immediately become exercisable in full. Optionee’s heirs and/or the estate of Optionee shall have one hundred twenty (120) days from the date of Optionee’s death to exercise the Option. If the Option is not exercised within such time period, the Option shall be deemed forfeited. Notwithstanding the foregoing, upon termination of the Optionee’s employment, including by reason of disability or death, Stock Appreciation Rights shall immediately and automatically terminate; provided, however, that any remaining tandem Stock Appreciation Rights shall be considered exercised under subsection 7(a) above.

On Death. Notwithstanding the foregoing, in the event of the death of Optionee, the Option shall immediately become exercisable in full. Optionee’s heirs and/or the estate of Optionee shall have one hundred twenty (120) days from the date of Optionee’s death to exercise the Option. If the Option is not exercised within such time period, the Option shall be deemed forfeited, with no benefit or detriment to the estate of Optionee.