Common use of Simultaneous Death Clause in Contracts

Simultaneous Death. If the Holder and his spouse both suffer a common accident or casualty which results in their respective deaths within 60 days of each other, it shall be conclusively presumed, for the purpose of this Agreement, that the Holder died first and the spouse died thereafter.

Appears in 2 contracts

Sources: Restricted Stock Unit Award Agreement (COMMERCIAL METALS Co), Restricted Stock Award Agreement (COMMERCIAL METALS Co)