Common use of Benefit In Case of Death of Employee Clause in Contracts

Benefit In Case of Death of Employee. If a Principal dies during retirement but before all or a portion of the payments as provided in this Article have been disbursed, that balance due shall be paid to a named beneficiary, or, lacking same, to the deceased person’s estate.

Benefit In Case of Death of Employee. If a Principal an employee dies during retirement but before all or a portion of the payments as provided in this Article have been disbursed, that balance due shall be paid to a named beneficiary, or, lacking same, to the deceased person’s deceased's estate.