Death or Disability Benefit Sample Clauses

Death or Disability Benefit. DEATH: If the Annuitant dies while an Account for the Annuitant is being maintained under the Contract, AXA Equitable, upon receipt of due proof of death will pay, the Cash Value of the Annuitant's Accounts as of the date such due proof is received, in a single sum to the beneficiary designated by the Annuitant to receive such payment. Due proof of death must be received by AXA Equitable at the AXA Equitable office address on the Data Pages, or any other address AXA Equitable designates in written notice to the Annuitant. Under either of the following two circumstances, the Death Benefit under this Section 3.11 of the Contract will not be paid at the Annuitant's death and the coverage under the Contract will continue if: (1) The Annuitant is married at the time of his or her death; the designated beneficiary under Section 5.04 of the Contract is the surviving spouse; and the surviving spouse elects to treat the IRA as his or her own IRA pursuant to Section 4.05B(e). (2) Also, a Death Benefit will not be paid under this Section 3.11 if the "Beneficiary Continuation Option" under Section 3.13 is in effect.

Death or Disability Benefit. In the event of the duty-incurred total 882 disability or death of an employee, the employee or, in the case of the employee's 883 death, then the employee's estate, shall be paid in one lump sum, one (1) year's regular 884 pay at the rate in effect at the death or the commencement of the disability, in addition 885 to the sick leave, worker's compensation, state life insurance, or any other benefits to 886 which said employee or his or her estate is entitled, by virtue of this Agreement or 887 employment. A "total disability" shall be a disability as defined in Section 40.63(1)(b) 888 and (11), Wis. Stat. (1981-1982). An order awarding Section 40.65, Wis. Stats., special 889 disability or death benefits to an employee or his spouse, whether based on the 890 operation of Section 891.45, Wis. Stats., or on other evidence, shall be conclusive 891 evidence that a disability or death is "duty-incurred." For purposes of this section, the 892 term "regular pay" shall be defined to consist of base salary plus longevity, educational 893 credit payments, any EMS differential payments, hazardous duty pay, and 72 hours of 894 vacation pay at the “hourly wage.” 895 896 ARTICLE 17 - INSURANCE AND PENSION‌ 897 898 Section 1. Health Insurance.‌

Death or Disability Benefit. In the event of the duty-incurred total disability or death of an employee, the employee or, in the case of the employee's death, then the employee's estate, shall be paid in one lump sum, one (1) year's regular pay at the rate in effect at the death or the commencement of the disability, in addition to the sick leave, worker's compensation, state life insurance, or any other benefits to which said employee or his or her estate is entitled, by virtue of this Agreement or employment. A "total disability" shall be a disability as defined in Section 40.63(1)(b) and (11), Wis. Stat. (1981-1982). An order awarding Section 40.65, Wis. Stats., special disability or death benefits to an employee or his spouse, whether based on the operation of Section 891.45, Wis. Stats., or on other evidence, shall be conclusive evidence that a disability or death is "duty-incurred." For purposes of this section, the term "regular pay" shall be defined to consist of base salary plus longevity, educational credit payments, any EMS differential payments, hazardous duty pay, and 72 hours of vacation pay at the “hourly wage.”

Death or Disability Benefit. Following the death or Disability of Employee while employed by the Company, the Company will provide Employee (or, in the case of death, Employee’s estate) a lump sum amount payable within thirty (30) days thereafter, equal to: (A) Employee’s salary for six (6) months; plus (B) the cost of COBRA premiums to continue health insurance coverage at the same level of coverage for Employee and his dependents (if applicable) in effect as of the termination date, through the end of six (6) months. All restricted stock and stock option grants that Employee has then received from the Company or may in the future receive from the Company shall be vested as to half of the unvested shares (or such greater amount, if any, as is provided for in the agreement for the applicable grant), and all such stock options shall, notwithstanding any lesser period, if any, provided for in the agreement for the applicable grant, be exercisable for one (1) year following such termination (but not exceeding the term of such option).

Death or Disability Benefit. Following the death or Disability of Employee while employed by the Company, the Company will provide Employee (or, in the case of death, Employee’s estate) a lump sum amount payable within thirty (30) days thereafter (or such longer period, not to exceed sixty (60) days, needed to satisfy the Severance Conditions), equal to: (A) $800,000 in cash, less standard payroll deductions and withholdings; plus (B) the cost of such COBRA premiums to continue health insurance coverage at the same level of coverage for Employee and his dependents (if applicable) in effect as of the termination date, through the end of twelve (12) months. All restricted stock and stock option grants that Employee has then received from the Company or may in the future receive from the Company, shall be vested as to half of the unvested shares (or such greater amount, if any, as is provided for in the agreement for the applicable grant), and all such stock options shall, notwithstanding any lesser period, if any, provided for in the agreement for the applicable grant, be exercisable for one (1) year following such termination (but not exceeding the term of such option). Notwithstanding the foregoing, if Employee’s death or Disability occurs after the ICS Closing, then the vesting of Employee’s February 2011 Restricted Shares shall be accelerated in full.

Death or Disability Benefit. Following the death or Disability of Employee while employed by the Company, the Company will provide Employee (or, in the case of death, Employee’s estate) a lump sum amount, payable within thirty (30) days thereafter, equal to: (A) Employee’s salary for twelve (12) months; (B) an amount equal to 150% of the average of (x) the annual bonus he was paid for the year immediately preceding the termination and (y) his target bonus under the Company’s then-current bonus plan if any, less standard payroll deductions and withholdings; plus (C) the cost of such COBRA premiums to continue health insurance coverage at the same level of coverage for Employee and his dependents (if applicable) in effect as of the termination date, through the end of twelve (12) months. All restricted stock or stock option grants that Employee previously has received or may in the future receive from the Company, shall be vested as to half of the unvested shares, and all such stock options shall be exercisable for one (1) year following such termination (but not exceeding the term of such option).

Death or Disability Benefit. Following the death or Disability of Employee while employed by the Company, the Company will provide Employee (or, in the case of death, Employee’s estate) a lump sum amount payable within thirty (30) days thereafter, equal to: (A) Employee’s salary for twelve (12) months; (B) an amount equal to 100% of the average of (x) the annual bonus he was paid for the year immediately preceding the termination and (y) his target bonus under the Company’s then-current bonus plan if any, less standard payroll deductions and withholdings; plus (C) the cost of such COBRA premiums to continue health insurance coverage at the same level of coverage for Employee and his dependents (if applicable) in effect as of the termination date, through the end of twelve (12)

Death or Disability Benefit. Upon the Executive's Separation --------------------------- from Service by reason of Disability or the Executive's death prior to his Normal Retirement Age, the Bank shall pay to the Executive the benefit described in this Section 2.3 instead of any other benefit under this Agreement.

Death or Disability Benefit. In the event that Executive's service with the Company terminates pursuant to Section 12(a) or (b) after a Change of Control has occurred, the Executive or his Beneficiary (as defined below), as the case may be, shall receive a lump sum payment which is Actuarially Equivalent to the Supplemental Retirement Benefit accrued by Executive determined as of the date immediately preceding Executive's termination of service with the Company pursuant to Section 12(a) or (b).