Common use of Benefit Upon Death Clause in Contracts

Benefit Upon Death. Upon the death of a Participant prior to Termination of Employment with the Employer, or upon the death of a Terminated Participant prior to distribution of his or her Vested Aggregate Account, his or her Beneficiary will be entitled to the Participant’s Vested Aggregate Account balance determined as of the most recent Valuation Date coinciding with or immediately preceding the date of distribution. If any Beneficiary who is living on the date of the Participant’s death dies prior to receiving his or her entire death benefit, the portion of such death benefit will be paid in a lump sum to the estate of such deceased Beneficiary. The Administrator’s determination that a Participant has died and that a particular person has a right to receive a death benefit will be final. Distribution will be made under Section 5.2.

Benefit Upon Death. Upon the death of a Participant prior to Termination of Employment with the EmployerEmployment, or upon the death of a Terminated Participant prior to distribution of his or her Vested Aggregate Account, his or her Beneficiary will be entitled to the Participant’s 's Vested Aggregate Account balance determined as of the most recent Valuation Date coinciding with or immediately preceding the date of distribution. If any Beneficiary who is living alive on the date of the Participant’s 's death dies prior to before receiving his or her the entire death benefitbenefit to which he or she is entitled, the portion balance of such the death benefit will be paid in a lump sum distributed to the estate of such deceased Beneficiary's beneficiary in accordance with Section 5.2. The Administrator’s 's determination that a Participant has died and that a particular person has a right to receive a death benefit will be final. Distribution will be made under Section 5.2.

Benefit Upon Death. Upon the death of a Participant prior to Termination of Employment with the EmployerEmployment, or upon the death of a Terminated Participant prior to distribution of his or her Vested Aggregate Account, his or her Beneficiary will be entitled to the Participant’s Vested Aggregate Account balance determined as of the most recent Valuation Date coinciding with or immediately preceding the date of distribution. If any Beneficiary who is living alive on the date of the Participant’s death dies prior to before receiving his or her the entire death benefitbenefit to which he or she is entitled, the portion balance of such the death benefit will be paid in a lump sum distributed to the estate of such deceased Beneficiary’s beneficiary in accordance with Section 5.2. The Administrator’s determination that a Participant has died and that a particular person has a right to receive a death benefit will be final. Distribution will be made under in accordance with Section 5.2.