Common use of Death Before Benefit Period Clause in Contracts

Death Before Benefit Period. If the Employee has become entitled to benefits under this Agreement, but the Employee dies before the commencement of such benefit payments, the Bank shall pay such benefits to the Employee's Beneficiary at the same times and in the same amounts they would have been paid to the Employee had the Employee survived. This benefit shall be payable on the first day of each month commencing with the month following the Employee's death. If the Employee's Beneficiary dies prior to receiving all such payments, then any remaining payments shall be paid to the Beneficiary's estate.

Death Before Benefit Period. If the Employee has become becomes entitled to benefits under this Agreement, but the Employee dies before the commencement of such benefit payments, the Bank shall pay such benefits to the Employee's ’s Beneficiary at the same times and in the same amounts they that would have been paid to the Employee had the Employee survivedsurvived to receive two hundred forty (240) monthly installments. This benefit shall be payable payable, on the first day of each month month, commencing with the month following the Employee's ’s death. If the Employee's ’s Beneficiary dies prior to receiving all such payments, then any remaining payments shall be paid to the Beneficiary's ’s estate.