Benefit In Case of Death of Employee Sample Clauses

Benefit In Case of Death of Employee. If an employee who is eligible and participating under sections in this article dies before all or a portion of payments have been made due the employee, that balance shall be paid to the employee’s beneficiary or estate, providing such payment meets IRS requirements.
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Benefit In Case of Death of Employee. If a Principal dies during retirement but before all or a portion of the payments as provided in this Article have been disbursed, that balance due shall be paid to a named beneficiary, or, lacking same, to the deceased person’s estate.
Benefit In Case of Death of Employee. If a Director dies before all or a portion of the payments as provided in this Article have been disbursed, that balance due shall be paid to a named beneficiary, or, lacking same, to the deceased's estate.
Benefit In Case of Death of Employee. If a teacher dies before all or a portion of the payments as provided in this Article have been disbursed, that balance due shall be paid to a named beneficiary or, lacking same, to the deceased’s estate.
Benefit In Case of Death of Employee. In the event an employee dies before retirement and has completed twenty (20) years of continuous service with the School District, immediately preceding the date of his/her death, or in the event the employee dies before full benefits under Schedule D are paid, the deferred compensation matching benefit as determined in this Article shall be paid to the estate of the deceased.
Benefit In Case of Death of Employee. If an employee dies before all or a portion
Benefit In Case of Death of Employee. If the Superintendent dies before all or a portion of the payments as provided have been disbursed, that balance due shall be paid to a named beneficiary, or, lacking same, to the deceased's estate.
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Related to Benefit In Case of Death of Employee

  • Termination of Employment Due to Death or Disability 4.1. In the event of your termination of employment due to death or permanent disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986 (the “Code”)) during the Initial Term or the Additional Term, on the date of such termination each outstanding and unvested equity award held by you that, pursuant to its terms, vests solely based upon providing continued service to Skyworks, including, without limitation, stock options, restricted stock awards (including restricted stock unit awards), and performance-based equity awards that are earned but unissued, shall automatically become vested, exercisable, and issuable, and any forfeiture restrictions thereon shall immediately lapse, as applicable, in each case, with respect to one-hundred percent (100%) of that number of then-unvested shares underlying such equity award. 4.2. All outstanding stock options that are exercisable upon your termination of employment due to death or permanent disability (including any stock options that become vested and exercisable pursuant to Section 4.1) shall remain exercisable for a period of time expiring on the earlier of (a) the one (1) year anniversary of your termination of employment due to death or permanent disability, and (b) the final expiration date of such stock options as set forth in the applicable stock option agreement, subject to their other terms and conditions. 4.3. In the event that you hold a performance-based equity award that vests based upon the achievement of performance metrics and upon providing continued service to Skyworks and your termination of employment due to death or permanent disability occurs prior to the “measurement date” (i.e. the last day of the applicable performance period) for such award, then such award shall, as of the measurement date, (a) be earned as to the greater of (i) the “Target” level of shares for such award, or (ii) the number of shares that would have been earned pursuant to the terms of such award had you remained employed through the measurement date, and (b) automatically become vested, exercisable, and issuable, and any forfeiture restrictions thereon shall immediately lapse, as applicable, in each case, as of the measurement date, with respect to one-hundred percent (100%) of that number of then-unvested shares underlying such equity award that are earned pursuant to (a) above. 4.4. Subject to Section 12.4, any shares that are issued pursuant to Section 4.1 shall be issued to you (or to your estate, if applicable) as soon as practicable (but not more than sixty (60) days) after the date of your termination (or such later date as may be required by Section 12.2). Subject to Section 12.4, any shares that are issued pursuant to Section 4.3 shall be issued to you (or to your estate, if applicable) as soon as practicable (but not more than sixty (60) days) after the measurement date.

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