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MRO » Topics » Section 12. Death Before Payment of the Consideration

This excerpt taken from the MRO 8-K filed Jun 16, 2005.

Section 12. Death Before Payment of the Consideration

 

I understand that if I am otherwise eligible for the Consideration, and I should die after signing this General Release, but before the Consideration is paid to me in full, the amount of the Consideration described in Section 1 which has not been paid to me will be paid to my estate.  This is the case, however, only if I did not revoke this General Release before my death.  I also understand that if I am otherwise eligible for the Consideration described in Section 1, but die before signing this General Release, the Consideration will not be paid to my estate nor to anyone else.  I also understand that in no event will the Consideration be payable to anyone if I should die prior to the end of my employment.

 

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