Common use of Payment of Longevity upon Death Clause in Contracts

Payment of Longevity upon Death. Longevity shall be paid to employee’s beneficiary or estate. Payment will be made for each complete month of employment by dividing the total number of months employed since the preceding November 30 by twelve (12) times half a percent (0.5%).

Payment of Longevity upon Death. Longevity shall be paid to employee’s beneficiary or estate. Payment will be made for each complete month of employment by dividing the total number of months employed since the preceding November 30 by twelve (12) times half a percent (0.5%).. DocuSign Envelope ID: B59B6ECA-E319-4E76-A2CD-93736492A965