Common use of Before payments begin Clause in Contracts

Before payments begin. If, a Separation from Service on or after Normal Retirement Age having previously occurred, the Director is entitled to the benefit under section Article 2.1 but dies before the benefit payments begin, beginning with the month immediately after the month in which the Director’s death occurs the Company shall pay to the Director’s Beneficiary the Normal Retirement benefit under section 2.1.

Before payments begin. If, a Separation from Service on or after before Normal Retirement Age having previously occurred, the Director is entitled at Normal Retirement Age to the Early Termination benefit under section Article 2.1 2.2 or the Disability benefit under section 2.3 but dies before the benefit payments begin, beginning with the Company shall pay to the Director’s Beneficiary the Early Termination benefit under section 2.2 or the Disability benefit under section 2.3, as the case may be, but the benefit payments shall begin on the first day of the month immediately after the month in which the Director’s death occurs the Company shall pay to the Director’s Beneficiary the Normal Retirement benefit under section 2.1occurs.