CONTRACT BENEFITS. Upon Executive's termination of employment ----------------- under this Section 5.7, Executive shall become entitled to all of the Contract Benefits, with the Salary Contract Benefit to be paid in a lump sum within sixty (60) days after his termination date.
CONTRACT BENEFITS. Executive or her Beneficiary shall be ----------------- entitled to receive payment of ninety days' Salary, less applicable withholding, in a lump sum within sixty (60) days after the termination date of Executive's employment under this Section 5.3. In addition, Executive or her Beneficiary shall be entitled to receive the Contract Benefits described in Sections 1.9(ii) through 1.9(vi) on the terms stated in those provisions, in consideration for Executive's covenants in Section 3.1.
CONTRACT BENEFITS. In such event, CPC shall (i) pay the ----------------- Beneficiary the Salary to the date of Executive's death, within sixty (60) days, and (ii) continue to have the obligations described in Sections 2.2.4 and 2.2.5, to the extent those benefits are available under those plans then in effect.
CONTRACT BENEFITS. 7.1 Contract Surrender 13
CONTRACT BENEFITS. Xxxxx shall be entitled to all of the ----------------- Contract Benefits, with the Salary Contract Benefit to be paid in a lump sum within sixty (60) days after the termination date of Xxxxx'x employment.
CONTRACT BENEFITS. 11 Surrender .......................12
CONTRACT BENEFITS. 6.1 Contract Surrender ............................................................................................................ 14 6.2 Withdrawals ...................................................................................................................... 14 6.3 The Death Benefit .............................................................................................................. 14 6.4 Annuity Payments ............................................................................................................. 15
CONTRACT BENEFITS. Upon such termination of employment, Xxxxx ----------------- shall become entitled to all of the Contract Benefits, with the Salary Contract Benefit to be paid in a lump sum within sixty (60) days after the termination date of Xxxxx'x employment.
CONTRACT BENEFITS. This contract will be administered to fully conform with the provisions of Section 72(s) of the Internal Revenue Code. DEFERRAL OF MATURITY DATE. If we approve, the Owner may defer the Maturity Date upon written request received by us at our Home Office. PAYMENT ON MATURITY. Upon the Maturity Date stated in the Data Section, the Cash Surrender Value is payable to the Payee in a single sum. In lieu of this lump sum payment, an income may be payable to the Payee in accordance with a Payment Option chosen by the Owner. The amount of income shall be determined by applying the Contract Value less any state premium tax that is assessed on distributions as of the date this contract matures as proceeds under that Payment Option. Upon the Maturity Date, unless we receive at our Home Office written instructions from the Owner to the contrary, the Owner will be deemed to have elected an income payment pursuant to Option 3 - Payments for Life with Period Certain, with monthly payments for 120 months, continuing thereafter during the life of:
