Payment in the Event of Death. In the event payment is due and owing by the Employer to the Executive under this Agreement upon the death of the Executive, payment shall be made to such beneficiary as the Executive may designate in writing, or failing such designation, then the executor of the Executive’s estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive, shall be entitled to receive all amounts owing to the Executive at the time of the Executive’s death under this Agreement. Such payments shall be in addition to any other death benefits of the Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement.
Payment in the Event of Death. In the event Employee dies and Payment continues to Employee’s designated beneficiary (the “Death Benefit”), such Payment shall be made in accordance with Section 1(d) hereof.
Payment in the Event of Death. In the event of a Participant’s death, any vested benefits remaining unpaid shall be paid to the Participant’s estate.
Payment in the Event of Death. Upon the death of the Executive prior to a termination, any payment due and owing by the Employer to Executive under this Agreement shall be made to such beneficiary as Executive may designate in writing, or failing such designation, the executor of his or her estate. Upon the death of the Executive after a termination has occurred, then the beneficiary designated by the Executive or, if no beneficiary has been designated, his or her executor shall be entitled to a lump sum death benefit equal to the present value of the payments that were remaining to be paid under Paragraph 6(a) as of the date of death. Such lump sum present value payment shall be determined using an interest rate per annum equal to the prime rate of interest as published in The Wall Street Journal (Midwest Edition) on the first business day of the month in which the Executive's death occurred and shall be paid within 30 days of the date of death. Such payments shall be in addition to the amount of the bonus payment, if any, which may thereafter be due under Paragraph 6(b), any other death benefits provided by the Employer or under any plan, program or arrangement maintained by the Employer.
Payment in the Event of Death. If Employee should die before all amounts payable under this Agreement have been paid, such unpaid amounts shall be paid to Employee's designated beneficiary under this Agreement or, if Employee have not designated a beneficiary in writing to the Corporation, to the personal representative(s) of Employee's estate. For purposes of this Section III.1.2, Employee may designate an inter vivos revocable living grantor trust as Employee's beneficiary.
Payment in the Event of Death. In the event payment is due and owing by the Employer to Executive under this Agreement upon or following the death of Executive, payment shall be make to such beneficiary as Executive may designate in writing, or failing to make such designation, then the executor of his estate, in full settlement and satisfaction of all claims and demands on behalf of Executive, shall be entitled to receive all amounts owing to Executive at the time of death under this Agreement. Such payments shall be in addition to any other death benefits of the Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement.
Payment in the Event of Death. If you should die before all amounts payable to you have been paid, such unpaid amounts shall be paid to your beneficiary under this Agreement or, if you have not designated such a beneficiary in writing to the Company, to the personal representative(s) of your estate. For purposes of this Section 2.5, you may designate an intervivos revocable living grantor trust as your beneficiary.
Payment in the Event of Death. In the event of the death of the GENERAL COUNSEL at any time during the term of this Agreement, THE SCHOOL BOARD shall pay to her surviving spouse, if any, or if the GENERAL COUNSEL does not have a surviving spouse, to the GENERAL COUNSEL’s estate, an amount equal to the portion of the GENERAL COUNSEL’s salary to which she was entitled through the date of her death, payable within one month of the date of her death, plus the termination benefits set forth in Section 4F together with such payments or benefits as are authorized by law or School Board policies.
Payment in the Event of Death. Any amounts due to Executive under this Agreement at the time of his death shall be paid to the Executive’s surviving spouse, or in the absence of a surviving spouse, to the executor of his estate.
Payment in the Event of Death. In the event of the death of the Superintendent during the term of this Agreement, the School Board shall pay to his surviving spouse, if any, or if the Superintendent does not have a surviving spouse, to the estate of the Superintendent, all of the Superintendent’s salary to which he was entitled through the date of his death, including any Terminal Pay amount to be paid as provided for in sub-paragraph IV.I, payable within one month of the date of his death.
