Common use of Catastrophe Clause in Contracts

Catastrophe. If any single incident results in payment of the death benefit for five or more Directors or Employees of the Insured who are covered under the Personal Accident Section of this Policy the Company will pay to the Insured an additional 25% of the total Sum Insured payable relative to those five or more Directors or Employees.

Appears in 3 contracts

Sources: Group Personal Accident & Business Travel Policy, Group Personal Accident & Business Travel Policy, Group Personal Accident & Business Travel Policy