Executor of Estate Sample Clauses
The Executor of Estate clause designates an individual or entity responsible for managing and distributing a deceased person's assets according to their will or applicable laws. This clause typically outlines the executor's powers, such as paying debts, collecting assets, and distributing property to beneficiaries. Its core function is to ensure that the estate is settled efficiently and in accordance with the decedent's wishes, thereby providing clarity and legal authority for the administration of the estate.
Executor of Estate. The College may approve a request for leave with pay for up to five (5) days in a year where the Employee is the executor of an estate. Approval shall be at the discretion of the College, and shall not be unreasonably denied.