Common use of Benefits Payable Upon Death Clause in Contracts

Benefits Payable Upon Death. In the event of the Employee's death during the term hereof, the Employee or the Employee's designated beneficiaries shall be entitled to receive his base salary at the rate provided in Section 3(a) and the benefits provided in Section 5 through the end of a two weeks following the weekly payroll period in which death occurred, such salary continuance period to be inclusive of all accrued vacation time Employee otherwise would be eligible for at the time of Employee's death. In addition, the Employee's designated beneficiaries shall be entitled to receive; 1) the available proceeds under any group term or other insurance maintained for the benefit of the Employee and 2) Employee's interest in any stock options vested at the time of Employee's death. In addition to amounts called for under this Section 6 (c) amounts payable to Employee under Section 3(b) shall be pro-rated through the date of the Employees death, however the terms governing the payment of such amount, as set forth therein, shall not be changed.

Benefits Payable Upon Death. In the event of the Employee's death during the term hereof, the Employee or the Employee's designated beneficiaries shall be entitled to receive his base salary at the rate provided in Section 3(a) and the benefits provided in Section 5 through the end of a two weeks three month period following the weekly payroll period in which death occurred, such salary continuance period to be inclusive of all accrued vacation time Employee otherwise would be eligible for at the time of Employee's death. In addition, the Employee's designated beneficiaries shall be entitled to receive; 1) the available proceeds under any group term or other insurance maintained for the benefit of the Employee and 2) Employee's interest in any stock options vested at the time of Employee's death. In addition to amounts called for under this Section 6 (c) amounts payable to Employee under Section 3(b) shall be pro-rated through the date of the Employees death, however the terms governing the payment of such amount, as set forth therein, shall not be changed.

Benefits Payable Upon Death. In the event of the Employee's death during the term hereof, the Employee or the Employee's designated beneficiaries shall be entitled to receive his base salary at the rate provided in Section 3(a) and the benefits provided in Section 5 through the end of a two weeks following the weekly payroll period in which death occurred, such salary continuance period to be inclusive of all accrued vacation time Employee otherwise would be eligible for at the time of Employee's death. In addition, the Employee's designated beneficiaries shall be entitled to receive; 1) the available proceeds under any group term or other insurance maintained for the benefit of the Employee and 2) Employee's interest in any stock options vested at the time of Employee's death. In addition to amounts called for under this Section 6 (c) d), amounts payable to Employee under Section 3(b) shall be pro-rated through the date of the Employees death, however the terms however the terms governing the payment of such amount, as set forth therein, shall not be changed.