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Common use of Distribution Upon Death Clause in Contracts

Distribution Upon Death. If a Participant dies while employed with the Employer, the unpaid portion of his or her Participant’s Account balance, if any, shall be distributed in a single sum.

Appears in 4 contracts

Sources: Nonqualified Deferred Compensation Plan Document (S&t Bancorp Inc), Nonqualified Deferred Compensation Plan Document (Smith & Wesson Holding Corp), Nonqualified Deferred Compensation Plan Document (Acadia Healthcare Company, Inc.)

Parent Clauses

  • Distribution of Benefits
  • TIMING OF DISTRIBUTION
  • DEFERRAL CONTRIBUTIONS TAKEN INTO ACCOUNT
  • Transitional Rules
  • DEFINITIONS - ARTICLE III

Sub-Clauses

  • Death Before Required Distributions Commence
  • Death on or After Required Distributions Commence
  • Death
  • COSTS IN LOCATING BENEFICIARIES
  • REMAINDER BENEFICIARIES
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