Common use of Benefit In Case of Death of Employee Clause in Contracts

Benefit In Case of Death of Employee. If a teacher who is eligible and participating under Section 2 of this Article dies before all or a portion of the payments as provided in Section 2 of 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 who is eligible and participating under Section 2 of this Article dies before all or a portion of the payments as provided in Section 2 of this Article have been disbursed, that balance due shall be paid to a named beneficiary or, lacking same, to the deceased’s estate.