Lump Sum Death Benefit Sample Clauses

Lump Sum Death Benefit. In the event of an employee's death, the designated beneficiary, beneficiaries or estate, if permissible by law, must receive a lump sum payment for accrued sick leave at the current pay rate, as follows:
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Lump Sum Death Benefit. If Employee dies before all of Employee's Transitional Compensation payments have been made, the Company will pay a lump sum death benefit equal to the discounted present value (based on the prime rate reported in The Wall Street Journal) of unpaid Transitional Compensation to Employee's designated beneficiary within 30 days from Employee's date of death.
Lump Sum Death Benefit. In the event that an Executive dies after a Severance Event and prior to receipt of the full amount of such Executive’s Severance Pay, then a lump sum death benefit shall be paid to the estate or beneficiary within ninety (90) days after the date of death of the Executive; provided, however, that payment may be deferred until the Executive’s executor or personal representative has been appointed and qualified pursuant to the laws in effect in the Executive’s jurisdiction of residence at the time of the Executive’s death. The lump sum death benefit shall be equal to the aggregate amount of the Severance Pay to which the Executive is entitled, but that has not been paid as of the date of death. Notwithstanding the foregoing, if, as of the date of death, the Executive has not executed the Release, or if executed, the time for revocation of the Release has not expired, then the payment of the lump sum death benefit shall be subject to the execution by such personal representative or beneficiary of a release substantially similar in scope to the Release.
Lump Sum Death Benefit. A one‐time payment not to exceed $255 payable on the death of an insured worker. Lump‐Sum Death Benefit‐No provision. Special benefits from the Miner's Pension Insurance
Lump Sum Death Benefit. A one-time payment not to exceed $255 payable on the death of an insured worker. Lump-Sum Death Benefit— NP—Benefit payable if the deceased contributed for at least 3 years, was not entitled to a benefit, and had dependents who are not entitled to survivors benefits. EPI—
Lump Sum Death Benefit. In addition to any other death ---------------------- benefits payable under this Section 4.5, upon receipt of proof satisfactory to the Committee of the death of a Pensioner who is receiving:
Lump Sum Death Benefit a. In addition to all other benefits payable pursuant to this Article III, upon the death on or after November 1, 1994 of any Participant who had begun to receive retirement or disability benefits, a lump sum benefit of $2,000 shall be paid to the Beneficiary designated by the Participant. If there is no designated Beneficiary then the benefit shall be payable in the same manner and order of preference set forth in Section 3.15.c. Although the Participant is entitled to a $2,000 Lump Sum Death Benefit, if the Participant is eligible for a Lump Sum Death Benefit under this Plan and under the Chicago Regional Council of Carpenters Pension Fund, the Lump Sum Death Benefit payable from this Plan shall be only $1,500.
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Related to Lump Sum Death Benefit

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Pre-Retirement Death Benefits Should the Director die while --------- ----------------------------- serving as a director of the Bank and prior to the occurrence of his Retirement Age, the Bank will pay $1,500.00 per month for a continuous period of 120 months to the Beneficiary or Beneficiaries of the Director. The first such monthly installment payment shall be made on a date to be determined by the Bank, but in no event later than the first day of the calendar month following the calendar month in which the Director died. In the event of the death of the last living Beneficiary before all installment payments shall have been made, the balance of any payments which remain unpaid at the time of such Beneficiary's death shall be commuted on the basis of seven and one-half percent (7 1/2%) per annum compounded interest and shall be paid in a single sum to the estate of the last Beneficiary to die. In the absence of any such beneficiary designation, or if no Beneficiary survives the Director, any payments remaining unpaid at the Director's death shall be commuted on the basis of seven and one-half percent (7 1/2%) per annum compounded interest and shall be paid in a single sum to the Director's estate.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

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