Payments to Estate Clause Samples
The "Payments to Estate" clause defines how payments owed to a party under a contract are handled if that party dies before receiving them. Typically, this clause ensures that any outstanding amounts due are paid directly to the deceased party's estate or legal representatives, rather than being forfeited or left in limbo. This provision provides clarity and certainty for both parties by specifying the process for handling payments after death, thereby preventing disputes and ensuring that the deceased's beneficiaries receive what is owed.
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Payments to Estate. If Consultant should die before all amounts payable to her pursuant to Section 3.5 have been paid, such unpaid amounts shall be paid to Consultant's estate.
Payments to Estate. The executor of the Executive’s estate shall be entitled to receive all amounts owing to the Executive at the time of death under this Agreement in full settlement and satisfaction of all claims and demands on behalf of the Executive. Such payments shall be in addition to any other death benefits of the Company and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement. In the event of the Executive’s death or a judicial determination of the Executive’s incompetence, reference in this Agreement to the “Executive” will be deemed to refer, where appropriate, to the Executive’s estate or other legal representative.
Payments to Estate. In the event of death prior to retirement, the balance of the individual account, including employee contributions and any portion of Employer contributions which are vested in accordance with 6 above, will be paid in cash to the estate or to the designated beneficiary, or transferred to the designated beneficiary's RRSP if permitted by the Income Tax Act. Contributions made on and after January 1, 1999, shall be locked in if the employee was vested at death and the spouse is the beneficiary.
Payments to Estate. In the event of death prior to retirement, the balance of the individual account, based on Employer and employee contributions, will be paid to the estate or designated beneficiary.
Payments to Estate. If none of the Primary Beneficiaries listed in Paragraph 1 above and one of the Contingent Beneficiaries listed in Paragraph 2 above are living or in existence at the date of my death, then the payments and other benefits due to me under the Agreement shall be paid to my estate.
Payments to Estate. If Employee should die before all amounts payable to him pursuant to Section 3.6 have been paid, such unpaid amounts shall be paid to the personal representative of Employee's estate.
Payments to Estate. The executor of your estate shall be entitled to receive all amounts owing to you at the time of death under this Agreement in full settlement and satisfaction of all claims and demands on your behalf. Such payments shall be in addition to any other death benefits of the Company and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement. In the event of your death or a judicial determination of your incompetence, reference in this Agreement to “you” will be deemed to refer, where appropriate, to your estate or other legal representative.
Payments to Estate. In the event of your death prior to the Retirement Date or before payment has been made of all amounts provided under this Agreement, the remaining payments to you under this Agreement shall be made to your estate .
Payments to Estate. In the event that the Superintendent dies during the term of this Agreement, any payments to which he is entitled for unused vacation time shall be payable to the Superintendent’s estate. Pursuant to N.J.A.C. 6A:23A-3.1, no payments for unused sick time shall be payable to the estate.
Payments to Estate. In the event of ▇▇. ▇▇▇ ▇▇▇▇▇▇’▇ death during the term of this Agreement, any amounts remaining payable under Paragraphs 2 and 3 at the time of his death will be made to his estate, subject to the requirements of Paragraph 8.