Pre-Retirement Death. In the event the Participant dies while employed by the Bank, but prior to the commencement of benefits under Section 1, Paragraph A (except on account of the Six Month Rule as defined therein), the Participant’s beneficiary as designated on the Beneficiary Designation Form (pursuant to the rules on beneficiary designations set forth in Paragraph 1.A.), shall receive a lump sum death benefit of $200,000. Such amount shall be payable no later than 60 days following the date of the Participant’s death. Upon payment of this amount, no further sums shall be due the Participant or his beneficiary.
Pre-Retirement Death. The Company agrees that if the Officer dies while covered by the provisions of this Agreement and prior to commencement of Benefit payments under Article III below, the Company will pay the Officer's Beneficiary the Pre-Retirement Death Benefit. The Pre-Retirement Death Benefit shall be divided by twelve (12) and paid in monthly payments commencing on the first business day of the month following the month in which the Officer dies. The payment of such Pre-Retirement Death Benefit will be subject to the conditions and limitations set forth elsewhere in this Agreement. If the Officer's Beneficiary is entitled to receipt of the Pre-Retirement Death Benefit, the Officer's Beneficiary shall not be entitled to any other payments under this Agreement.
Pre-Retirement Death. (i) If the Executive continues to be employed by the Company and dies before attaining age 65, his Beneficiary shall receive an annual death benefit that will be distributed in monthly payments for a 10-year period. The first and second annual pre-retirement death benefit payments will be equal to one-hundred percent of the Executive's Final Compensation. The amount of each subsequent annual pre-retirement death benefit payment will be an amount equal to fifty percent of the Executive's Final Compensation.
Pre-Retirement Death. The State employer shall, upon the death of an employee while in State service, continue to pay employer contributions for health, dental, and vision benefits for a period not to exceed 120 days beginning in the month of the employee’s death. The surviving spouse, if any, shall be advised of all rights and obligations during this period regarding the continuation of health and dental benefits as an annuitant by the California Public Employees’ Retirement System. The surviving spouse shall also be notified by the department during this period regarding COBRA rights for the continuation of vision benefits.
Pre-Retirement Death a) A member's spouse shall receive a lifetime pension equal to sixty-six and two-thirds percent (66 2/3 %) of the member's normal retirement benefit accrued to the member's date of death.
Pre-Retirement Death. Benefits to continue after remarriage of survivor as per Government Code Section 21551
Pre-Retirement Death. The Bank agrees that if the Officer dies while covered by the provisions of this Agreement and prior to receipt of payment under the Retirement Benefit, the Early Retirement Benefit, or the Disability Benefit, the Bank will pay the Officer's Beneficiary the Pre-Retirement Death Benefit. The Pre-Retirement Death Benefit shall be payable monthly in equal installments to commence on the first business day of the month following the month in which the Officer dies. The payment of such Pre-Retirement Death Benefit, the Officer's Beneficiary shall not be entitled to the Retirement Benefit, the Early Retirement Benefit, or the Disability Benefit. 2.02.
Pre-Retirement Death. If the Participant continues to be employed by the Company and dies before his Normal Retirement, provided that a Participant who is not listed on Schedule A has five (5) Years of Plan Service, his Beneficiary shall receive a pre-retirement annual death benefit, which shall be paid, in lieu of the Plan Benefit, to his Beneficiary in a series of monthly payments for a period of ten years. For the first two years, the pre-retirement annual death benefit payment will be equal to 100% of the Final Compensation, and for the next eight years, the pre-retirement annual death benefit payment will be equal to 50% of the Final Compensation. The Benefit Commencement Date for a Plan Benefit as a result of the Participant's pre-retirement death shall occur on the first day of the month which is within ninety (90) days after the Participant's pre-retirement death.
Pre-Retirement Death. Benefit shall be revised to read as follows:
Pre-Retirement Death. In the event the Participant dies prior to retirement while employed by the Bank, the Participant’s beneficiary as designated on the Beneficiary Designation Form (pursuant to the rules on beneficiary designations set forth in Sub-Paragraph 1.A.), shall receive a benefit payment hereunder for 120 months equal to the monthly amount payable at age 65 as specified in Paragraph 1.A. hereunder to a maximum of $200,000. Any beneficiary of the Plan may receive said payments in a single, unreduced, lump sum upon request to the Bank.
