Common use of On Death Clause in Contracts

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.