Common use of DEATH BENEFIT PRIOR TO RETIREMENT Clause in Contracts

DEATH BENEFIT PRIOR TO RETIREMENT. Should the Executive die prior to the Normal Retirement Date (exclusive of Early Retirement or Severance as defined elsewhere, herein), Corporation agrees to pay to the Executive’s designated beneficiary on the first day of the month following the Executive’s death the sum of $4,150 for a continuous period of 180 months. Executive shall declare his designated beneficiary in writing on a form provided by the Corporation. In the event the Executive’s death shall be the result of suicide with a 24-month period following the effective date of this Agreement, then no death benefits shall be payable to the Executive or his designated beneficiary.

DEATH BENEFIT PRIOR TO RETIREMENT. Should the Executive die prior to before the Normal Retirement Date (exclusive of Early Retirement or Severance as defined elsewhere, hereinSeverance), the Corporation agrees to pay to the Executive’s designated beneficiary in the Beneficiary Designation Form, or in the absence or failure of the Executive to designate a beneficiary, to the Executive’s estate, a single sum of $350,000 on the first day of the first month following the Executive’s death the sum of $4,150 for a continuous period of 180 months. Executive shall declare his designated beneficiary in writing on a form provided by the Corporationdeath. In the event the Executive’s death shall be the result of suicide with within a 24two-month year period following the effective date of this Agreement, then no death benefits shall be payable to the Executive or his designated beneficiary.

DEATH BENEFIT PRIOR TO RETIREMENT. Should the Executive die prior to the Normal Retirement Date (exclusive of Early Retirement or Severance as defined elsewhere, herein)Date, Corporation agrees to pay to the Executive’s designated beneficiary beneficiary, commencing on the first day of the month following the Executive’s death and on each annual anniversary thereafter for a total of ten (10) years, the annual sum of $4,150 for a continuous period of 180 months150,000. Executive shall declare his designated beneficiary in writing on a form provided by the Corporation. In the event the Executive’s death shall be the result of suicide with a 24-month period following the effective date of this Agreementbefore January 2, 1999, then no death benefits shall be payable to the Executive or his designated beneficiarypayable.

DEATH BENEFIT PRIOR TO RETIREMENT. Should the Executive die prior to before the Normal Retirement Date (exclusive of Early Retirement or Severance as defined elsewhereDate, herein), the Corporation agrees to pay to the Executive’s designated beneficiary in the Beneficiary Designation Form, or in the absence or failure of the Executive to designate a beneficiary, to the Executive’s estate, a single sum of $350,000 on the first day of the first month following the Executive’s death death. If the sum provisions of $4,150 for a continuous period of 180 monthsArticle III. Executive shall declare his designated beneficiary B. are in writing on a form provided by the Corporation. In the event the Executive’s death shall be the result of suicide with a 24-month period following the effective date of effect, this Agreement, then no death benefits shall be payable to the Executive or his designated beneficiaryprovision is null and void.

DEATH BENEFIT PRIOR TO RETIREMENT. Should the Executive die prior to the Normal Retirement Date (exclusive of Early Retirement Retirement, Termination or Severance Total and Permanent Disability, as defined elsewhere, elsewhere herein), Corporation agrees to pay to the Executive’s designated beneficiary on the first day of the month following the Executive’s death the sum of $4,150 1,000.00 for a continuous period of 180 months. Executive shall declare his designated beneficiary in writing on a form provided by the Corporation. In the event the Executive’s death shall be the result of suicide with a 24-month period following the effective date of this Agreement, then no death benefits shall be payable to the Executive or his designated beneficiaryuntil funds are depleted.