Death Benefits. Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.
Death Benefits. In the event of the death of a teacher who, at the time of death has been employed by the Board continuously for six months, the Board shall pay one months‘ salary to the widow or widower of the deceased, or to the estate if there is no widow or widower. This payment is in addition to any amount earned by the deceased up to the date on which he or she was last employed by the Board.
Death Benefits. In the event Employee dies while employed by Employer prior to Employee’s Retirement Date, Employer will pay the sum of Fifty-Seven Thousand Three Hundred Forty-One and No/100 Dollars ($57,341.00) per year, payable in monthly installments of Four Thousand Seven Hundred Seventy-Eight and 41/100 Dollars ($4,778.41) for a period of ten (10) years, to such individual or individuals as Employee shall have designated in writing filed with Employer, or in the absence of such designation, to the Estate of Employee. The first payment shall be made not later than two (2) months following Employee’s death. Payments hereunder shall be payable each month without deductions and the recipient shall be solely responsible for the payment of all income and other taxes and assessments applicable on said payments.
Death Benefits. Upon the Executive’s death during the Contract Period, the Executive shall be entitled to the benefits of any life insurance policy or supplemental executive retirement plan paid for, or maintained by, the Employer, but his estate shall not be entitled to any further benefits under this Agreement.
Death Benefits. After the Executive’s death, the Bank shall pay to the Executive’s Beneficiary the Account Balance as of the date of the Executive’s death. The Account Balance shall be paid to the Executive’s Beneficiary in a single lump sum, 90 days after the date of the Executive’s death. However, if the Executive dies after termination of this Agreement under Article 6, the Executive’s Beneficiary shall be entitled to no benefits under this Agreement.
Death Benefits. In the event of the death of the Participant, the Company shall transfer shares of Common Stock equal in number to the vested Stock Unit Awards, if any, credited to the Participant’s Stock Unit Account to the Participant’s legal representative or beneficiaries. Such transfer shall be made within 30 days following death. The Participant may designate a beneficiary or beneficiaries (contingently, consecutively, or successively) of such death benefit and, from time to time, may change his or her designated beneficiary. A beneficiary may be a trust. A beneficiary designation shall be made in writing in a form prescribed by the Company and delivered to the Company while the Participant is alive. If there is no designated beneficiary surviving at the death of the Participant, payment of any death benefit of the Participant shall be made to the surviving spouse of the Participant, if any, and if no such surviving spouse to the estate of the Participant.
Death Benefits. Upon the Executive's death during the Contract Period, the Executive shall be deemed to terminate without cause as of the date of death and his estate shall be entitled to the payments and benefits provided under Section 9 hereof as if the Executive had been terminated without cause upon such date.
Death Benefits. (a) Upon receipt of written instructions from the Participant's beneficiary (or, if applicable, the secondary beneficiary of the Participant) and of due proof of the Participant's (and, if applicable, the beneficiary's) death during the Accumulation Period at its Home Office, AUL shall apply the Account Value (subject to Section 6.5, and minus the Participant's outstanding loan balance, if any, under this contract and any unpaid expense charges due on such loans) of the Participant Account for the purpose of providing a death benefit. The death benefit shall be paid to the beneficiary last properly designated in writing to AUL at its Home Office by the Participant, or, if there is no designated beneficiary living on the date of the Participant's death, to the Participant's estate. The Participant's beneficiary may also designate a beneficiary. If any beneficiary dies while receiving payments and no beneficiary is designated to receive any remaining payments, such remaining payments shall be made to the deceased beneficiary's estate.
Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of EIGHT THOUSAND SEVEN HUNDRED SIX and 45/100 Dollars ($8,706.45) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.
Death Benefits. In the event Employee dies while employed by Employer prior to Employee’s Retirement, Employer will pay the sum of TWO THOUSAND NINE HUNDRED EIGHTEEN and 75/100 Dollars ($2,918.75) per month for a period of ten years, to such individual or individuals as Employee shall have designated in writing as his beneficiary(ies) as provided in Paragraph 11 below or, in the absence of such designation, to Employee’s estate, as applicable. The first payment shall be made not later than two months following Employee’s death. Payments under this Paragraph 4 shall be payable each month without deductions and the recipient shall be solely responsible for the payment of all income and other taxes and assessments, if any, applicable on those payments.