Common use of Additional Death Benefit - Burial Expense Clause in Contracts

Additional Death Benefit - Burial Expense. In addition to the above-described benefits, upon the Executive’s death, the Executive’s Beneficiary shall be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand Dollars ($10,000.00). This benefit shall be provided specifically for the purpose of providing payment for burial and/or funeral expenses of the Executive. Such benefit shall be payable within thirty (30) days of the Executive’s death. The Executive’s Beneficiary shall not be entitled to such benefit if the Executive is removed for Cause prior to death. Notwithstanding anything in this Section 3.2 to the contrary, if the Executive is also a participant in any other Trustee Deferred Compensation Agreement or an Executive Deferred Compensation Agreement under which an additional $10,000 death benefit for burial expenses is being paid, no additional death benefit shall be paid under this Section 3.2.

Additional Death Benefit - Burial Expense. In addition to the above-described death benefits, upon the Executive’s 's death, the Executive’s 's Beneficiary shall be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand Dollars ($10,000.00). This benefit shall be provided specifically for the purpose of providing payment for burial and/or funeral expenses of the Executive. Such benefit shall be payable within thirty (30) days of the Executive’s 's death. The Executive’s 's Beneficiary shall not be entitled to such benefit if the Executive is removed for Cause prior to death. Notwithstanding anything in this Section 3.2 6.2 to the contrary, if the Executive is also a participant in any other Trustee Deferred Compensation an Executive Supplemental Retirement Income Agreement or an in the Executive Deferred Compensation Agreement Bonus Plan under which an additional $10,000 death benefit for burial expenses is being paid, no additional such death benefit shall be paid under this Section 3.2hereunder.

Additional Death Benefit - Burial Expense. In addition to the above-described benefits, upon Upon the Executive’s 's death, the Executive’s 's Beneficiary shall be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand Dollars ($10,000.0010,000). This benefit shall be provided specifically for the purpose of providing payment for burial and/or funeral expenses of the Executive. Such death benefit shall be payable within thirty (30) days of the Executive’s 's death. The Executive’s 's Beneficiary shall not be entitled to such benefit if the Executive is removed terminated for Cause prior to death. Notwithstanding anything in this Section 3.2 2.3 to the contrary, if the Executive is also a participant in any other Trustee Deferred Compensation Agreement or an the Executive Deferred Compensation Agreement Plan or Executive Deferred Bonus Plan under which an additional $10,000 death benefit for burial expenses is being paid, no additional such death benefit shall be paid under this Section 3.2hereunder.