Common use of Pay-Out on Death Clause in Contracts

Pay-Out on Death. The beneficiary of an employee who dies while in the employ of the Corporation shall be entitled upon death of the employee to the same benefits as would be payable to an employee under Clause 25.04 of this Article.

Pay-Out on Death. The beneficiary of an employee who dies while in the employ of the Corporation shall be entitled upon death of the employee to the same benefits as would be payable to an employee under Clause Xxxxxx 25.04 of this Article.