Common use of Years Clause in Contracts

Years. This option provides payments for the entire lifetime of the retired participant and guarantees that, should the Member die after his pension has commenced but before he/she has received one hundred and twenty (120) monthly payments thereof, the payments shall be continued to his Beneficiary until one hundred and twenty (120) monthly payments in all shall have been made. If the Beneficiary is the retired Member's estate, any remaining guaranteed monthly payments shall be commuted and paid in a lump sum to the estate.

Years. This option provides payments for the entire lifetime of the retired participant member and guarantees that, should the Member member die after his pension has commenced but before he/she has received one hundred and twenty eighty (120180) monthly payments thereof, the payments shall be continued to his Beneficiary until one hundred and twenty eighty (120180) monthly payments in all shall have been made. If the Beneficiary is the retired Membermember's estate, any remaining guaranteed monthly payments shall be commuted and paid in a lump sum to the estate.

Years. This option provides payments for the entire lifetime of the retired participant member and guarantees that, should the Member member die after his pension has commenced but before he/she has received one hundred and twenty sixty (12060) monthly payments thereof, the payments shall be continued to his Beneficiary until one hundred and twenty sixty (12060) monthly payments in all shall have been made. If the Beneficiary is the retired Membermember's estate, any remaining guaranteed monthly payments shall be commuted and paid in a lump sum to the estate.

Years. This option provides payments for the entire lifetime of the retired participant member and guarantees that, should the Member member die after his pension has commenced but before he/she has received one hundred and twenty eighty (1201SO) monthly payments thereof, the payments shall be continued to his Beneficiary until one hundred and twenty eighty (120180) monthly payments in all shall have been made. If the Beneficiary is the retired Membermember's estate, any remaining guaranteed monthly payments shall be commuted and paid in a lump sum to the estate.

Years. This option provides payments for the entire lifetime of the retired participant and guarantees that, should the Member die after his pension has commenced but before he/she has received one hundred and twenty (120) monthly payments thereof, the payments shall be continued to his Beneficiary until one hundred and twenty (120) monthly payments in all shall have been made. If the Beneficiary is the retired Member's estate, any remaining guaranteed monthly payments shall be commuted and paid in a lump sum to the estate.