Common use of Payment in the Event of Death Clause in Contracts

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. 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.1.2III.1.3, Employee may designate an inter vivos revocable living grantor trust as Employee's beneficiary.