Common use of Death Prior to Retirement Clause in Contracts

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement, but prior to his or her attaining the age of sixty-five (65) years, the Corporation will pay the annual sum of __________________ (________________ ) per year to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred twenty (120) months. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of his or her estate The said monthly payments shall begin the first day of the month following the month of the decease of the Executive. Provided, however, that anything hereinabove to the contrary notwithstanding, no death benefit shall be payable hereunder if it is determined that the Executive's death was caused by suicide on or before February 1, 1999.

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement, Agreement but prior to his or her attaining the age of sixty-five seventy (6570) years, the Corporation will pay the annual sum of __________________ Sixteen Thousand Dollars (________________ $16,000.00) per year year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred twenty (120) months. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of his or her estate estate. The said monthly payments shall begin the first day of the month following the month of the decease of the Executive. Provided, however, that anything hereinabove to the contrary notwithstanding, no death benefit shall be payable hereunder if it is determined that the Executive's death was caused by suicide on or before February 1April 20, 19991995.

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement, Agreement but prior to his or her attaining the age of sixty-five seventy (6570) years, the Corporation will pay the annual sum of __________________ Eighteen Thousand Dollars (________________ $18,000.00) per year year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred twenty (120) months. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of his or her estate estate. The said monthly payments shall begin the first day of the month following the month of the decease of the Executive. Provided, however, that anything hereinabove to the contrary notwithstanding, no death benefit shall be payable hereunder if it is determined that the Executive's death was caused by suicide on or before February 1April 20, 19991995.

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement, Agreement but prior to his or her attaining the age of sixty-five seventy (6570) years, the Corporation will pay the annual sum of __________________ Twenty-Seven Thousand Dollars (________________ $27,000.00) per year year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred twenty (120) months. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of his or her estate estate. The said monthly payments shall begin the first day of the month following the month of the decease of the Executive. Provided, however, that anything hereinabove to the contrary notwithstanding, no death benefit shall be payable hereunder if it is determined that the Executive's death was caused by suicide on or before February 1April 20, 19991995.

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement, Agreement but prior to his or her attaining the age of sixty-five (65) years, the Corporation will pay the annual sum of __________________ fifty thousand five hundred Dollars (________________ $50,500) per year to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred twenty eighty (120180) months. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of his or her estate estate. The said monthly payments shall begin the first day of the month following the month of the decease of the Executive. Provided, however, that anything hereinabove to the contrary notwithstanding, no death benefit shall be payable hereunder if it is determined that the Executive's death was caused by suicide on or before February 1, 19991995.