Common use of Payments to Executive Clause in Contracts

Payments to Executive. Upon termination of the Executive's employment with the Trust for any reason, the Trust shall pay to the Executive the amount credited to his account in a single sum within 60 days after such termination of employment. If the Executive's employment is terminated due to his death, such amount shall be paid to the Executive's beneficiary, as designated on the attached Exhibit A.

Payments to Executive. Upon termination of the Executive's employment with the Trust and all affiliates for any reason, the Trust shall pay to the Executive the amount credited to his account in a single sum within 60 days after such termination of employment. If the Executive's employment is terminated due to his death, such amount shall be paid to the Executive's beneficiary, as designated on the a beneficiary designation form substantially similar to Exhibit A attached Exhibit A.hereto.