After Commencement of Benefits Sample Clauses

After Commencement of Benefits. If the Participant dies after any benefit payments have commenced, but prior to receiving all of the scheduled minimum number of monthly payments, the Company shall pay the remaining monthly payments to the Participant’s beneficiary. In the event a beneficiary dies before receiving all the remaining payments, the then-remaining payments shall be paid to the legal representative of the beneficiary’s estate.
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After Commencement of Benefits. If Executive dies after any benefit payments have commenced, but prior to receiving all of the scheduled minimum number of monthly payments, Employer shall pay the remaining monthly payments to Executive’s Beneficiary or Beneficiaries. (In the event that there are multiple Beneficiaries, their combined benefit shall be equal to this amount.) In the event a Beneficiary dies before receiving all the remaining payments, the then-remaining payments shall be paid to the legal representatives of the Beneficiary’s estate.
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After Commencement of Benefits. 6 3.7 Recipients of Payments; Designation of Beneficiary.....................................6 3.8
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After Commencement of Benefits. If Employee dies after benefit payments under Paragraphs 4A or 4B have commenced, Company shall continue to pay the remaining payments to Employee's beneficiary in accordance with the payment terms and schedule in effect at the time of death until the full balance of the Deferred Benefit Account are paid.
Sample 1
After Commencement of Benefits. 8 3.7 RECIPIENTS OF PAYMENTS: DESIGNATION OF BENEFICIARY. . . 8 3.8
Sample 1
After Commencement of Benefits. In the event of Employee's death on or after the date hereof, while in the employment of the Company or after Employee's commencement of benefits under this Agreement, his spouse shall be entitled to receive for her lifetime a monthly spouse death benefit equal to one-half of the benefit payable to Employee under clause (i) of paragraph (3)(a) above, less the total of the monthly amounts payable to the spouse during each applicable month from the Retirement Plan, the U.S. Social Security Act, the Company's Salary Continuation Plan, as defined benefits under the Excess Benefit Agreement between the Company and Employee, and from any other retirement plan with a former employer (whether or not received in the form of monthly payments) of Employee."
Sample 1

Related to After Commencement of Benefits

  • Commencement of Benefits (a) Unless the Participant elects otherwise, distribution of benefits will begin no later than the sixtieth day after the close of the Plan Year in which the latest of the following events occurs:

  • Death Prior to Commencement of Benefit Payments In the event the Participant should die while actively employed by the Plan Sponsor at any time after the date of this Plan but prior to his Normal Retirement Age, the Plan Sponsor will pay the Accrued Benefit in fifteen (15) equal annual installments to the Participant's Beneficiary. The payments shall commence to be paid on the first day of the second month following the month in which the Participant dies.

  • Death Subsequent to Commencement of Benefit Payments In the event the Executive dies while receiving payments, but prior to receiving all payments due and owing hereunder, the Employer shall pay the Beneficiary the same amounts at the same times as the Employer would have paid the Executive, had the Executive survived.

  • Payment of Benefits Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Termination Date, or (ii) upon Xx. Xxxxxx'x tender of an effective Waiver and Release to the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

  • Mitigation; Exclusivity of Benefits (a) The Executive shall not be required to mitigate the amount of any benefits hereunder by seeking other employment or otherwise, nor shall the amount of any such benefits be reduced by any compensation earned by the Executive as a result of employment by another employer after the Date of Termination or otherwise.

  • Coordination of Benefits If the Executive’s employment is terminated for any reason described in Sections 4(d) or (e) and, after such termination, Executive becomes entitled to payments under Section 4(f), the Executive shall receive the payments described in Section 4(f), at the time and in the form described in Section 4(f), less the amount of any payments previously paid that are described in Sections 4(d) or (e).

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • Payment of Benefit The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.

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

  • Basis of Payment of Benefits Direct payment by the Insurer is the basis of payment of benefits under this Agreement, with those benefits in turn being based on the payment of premiums as provided in this Agreement.

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