Common use of Benefits on Death Clause in Contracts

Benefits on Death. 10.01 If a Member should die prior to their Normal Retirement Date, or their Early Retirement Date if such was elected, his Designated beneficiary will receive a refund of the sum of: (a) their contributions on and after May 1st, 1972 prior to January 1, 1987 with Credited Interest; Plus (b) the sum of: (i) contributions made to the Plan by the member prior to May 1st, 1972; (ii) interest credited to those contributions prior to May 1st, 1972 pursuant to the provisions of the Plan as constituted from time to time prior to that date; (iii) Credited Interest on the sum of (a) and (b) computed from May 1st, 1972. 10.02 If a Member, who has terminated employment and, prior to January 1, 1987, elected or was required to leave all or a portion of their contributions in the Plan pursuant to Section 9 hereof, should die prior to their Normal Retirement Date, their Designated Beneficiary shall receive whichever of the following amounts is applicable: (a) if the Member did not receive a refund of any contributions, the amount provided in Section 10.01 above; or (b) if the member received a refund of contributions, the Member's death benefit pursuant to Section 10.01 above in the records of the Plan at their date of termination less the amount of any refund they received at that time and the result accumulated with Credited Interest to their date of death. 10.03 For service on and after January 1, 1987 (a) Before completion of two (2) years of Plan Membership. If a Member dies while in the service of the Company prior to their retirement date and before they have completed two (2) years of Plan membership, their Beneficiary will receive a refund of the Member's contributions made to the Plan on and after January 1, 1987, if any, with Credited Interest thereon. (b) After completion of two (2) years of Plan Membership. (i) the member's Spouse or, in the absence of a surviving Spouse, the member's beneficiary, shall be entitled to receive a lump sum amount equal to the commuted value of the member's deferred pension entitlement, calculated in accordance with Section 7.01 in respect of his service on and after January 1, 1987, and determined immediately prior to his death. (ii) the Member's Spouse may elect, in lieu of the lump sum amount payable under paragraph (i), to receive an immediate or deferred pension payable on or before the surviving Spouse attains age sixty-five (65), the commuted value of which is equal to the lump sum amount to which the surviving Spouse would be entitled under paragraph (i) above. The Member's surviving spouse, if any, must elect in the period of time described under the Pension Benefit Act to receive either a lump sum amount of an immediate or deferred pension. If the Spouse fails to elect within the prescribed period of time, the Spouse shall be deemed to have elected to receive a deferred pension under paragraph (ii). A Member and his Spouse may jointly waive the spousal entitlement under this Section in a form prescribed under the Pension Benefits Act, in which event the death benefit shall be payable to the Member's beneficiary in accordance with paragraph (i) above. Notwithstanding the foregoing, a Spouse who is living separate and apart from the Member at the date of the Member's death shall not be entitled to the benefit payable under this Section, unless such Spouse is the member's designated beneficiary.

Benefits on Death. 10.01 If a Member should die prior to their Normal Retirement Date, or their Early Retirement Date if such was elected, his Designated beneficiary will receive a refund of the sum of: (a) their contributions on and after May 1st, 1972 prior to January 1, 1987 with Credited Interest; Plus (b) the sum of: (i) contributions made to the Plan by the member prior to May 1st, 1972; (ii) interest credited to those contributions prior to May 1st, 1972 pursuant to the provisions of the Plan as constituted from time to time prior to that date; (iii) Credited Interest on the sum of (a) and (b) computed from May 1st, 1972. 10.02 If a Member, who has terminated employment and, prior to January 1, 1987, elected or was required to leave all or a portion of their contributions in the Plan pursuant to Section 9 hereof, should die prior to their Normal Retirement Date, their Designated Beneficiary shall receive whichever of the following amounts is applicable: (a) if the Member did not receive a refund of any contributions, the amount provided in Section 10.01 above; or (b) if the member received a refund of contributions, the Member's death benefit pursuant to Section 10.01 above in the records of the Plan at their date of termination less the amount of any refund they received at that time and the result accumulated with Credited Interest to their date of death. 10.03 For service on and after January 1, 1987 (a) Before completion of two (2) years of Plan Membership. If a Member dies while in the service of the Company prior to their retirement date and before they have completed two (2) years of Plan membership, their Beneficiary will receive a refund of the Member's contributions made to the Plan on and after January 1, 1987, if any, with Credited Interest thereon. (b) After completion of two (2) years of Plan Membership. (i) the member's Spouse or, in the absence of a surviving Spouse, the member's beneficiary, shall be entitled to receive a lump sum amount equal to the commuted value of the member's deferred pension entitlement, calculated in accordance with Section 7.01 in respect of his service on and after January 1, 1987, and determined immediately prior to his death. (ii) the Member's Spouse may elect, in lieu of the lump sum amount payable under paragraph (i), to receive an immediate or deferred pension payable on or before the surviving Spouse attains age sixty-five (65), the commuted value of which is equal to the lump sum amount to which the surviving Spouse would be entitled under paragraph (i) above. The Member's surviving spouse, if any, must elect in the period of time described under the Pension Benefit Act to receive either a lump sum amount of an immediate or deferred pension. If the Spouse fails to elect within the prescribed period of time, the Spouse shall be deemed to have elected to receive a deferred pension under paragraph (ii). A Member and his Spouse may jointly waive the spousal entitlement under this Section in a form prescribed under the Pension Benefits Act, in which event the death benefit shall be payable to the Member's beneficiary in accordance with paragraph paragraph (i) above. Notwithstanding the foregoing, a Spouse who is living separate and apart from the Member at the date of the Member's death shall not be entitled to the benefit payable under this Section, unless such Spouse is the member's designated beneficiary.

Benefits on Death. 10.01 10.1 If a Member should die prior to their Normal Retirement Date, or their Early Retirement Date if such was elected, his Designated beneficiary Beneficiary will receive a refund of the sum of: (ai) their contributions on and after May 1st, 1972 and prior to January 1, 1987 with Credited Interest; Plusplus (bii) the sum of: (ia) contributions made to the Plan by the member Member prior to May 1st, 1972; (iib) interest credited to those contributions prior to May 1st, 1972 pursuant to the provisions of the Plan as constituted from time to time prior to that date; (iiic) Credited Interest on the sum of (a) and (b) computed from May 1st, 1972. 10.02 If a Member, who has terminated employment and, prior to January 1, 1987, elected or was required to leave all or a portion of their contributions in the Plan pursuant to Section 9 hereof, should die prior to their Normal Retirement Date, their Designated Beneficiary shall receive whichever of the following amounts is applicable: (a) if the Member member did not receive a refund of any contributions, the amount provided in Section 10.01 10.1 above; or (b) if the member Member received a refund of contributions, the Member's member’s death benefit pursuant to Section 10.01 10.1 above in the records of the Plan at their date of termination less the amount of any refund they received at that time and the result accumulated with Credited Interest to their date of death. 10.03 10.3 For service on and after January 1, 1987 (a) Before completion of two (2) years of Plan Membershipmembership. If a Member dies while in the service of the Company company prior to their retirement date and before they have completed two (2) years of Plan membership, membership their Beneficiary will receive a refund of the Member's ’s contributions made to the Plan on and after January 1, 1987, if any, with Credited Interest credited interest thereon. (b) After completion of two (2) years of Plan Membership.membership. If a member dies while in the service of the Company before his Retirement Date and has completed two (2) years of Plan membership at the date of his death, or if a Member dies following his termination of employment but prior to the commencement of any deferred pension payable under the Plan; (i) the member's Member’s Spouse or, in the absence of a surviving Spouse, the member's ’s beneficiary, shall be entitled to receive a lump sum amount equal to the commuted value of the member's Member’s deferred pension entitlement, calculated in accordance with Section 7.01 7.1 in respect of his service on and after January 1, 1987, and determined immediately prior to his death.; (ii) the Member's member’s Spouse may elect, in lieu of the lump sum amount payable under paragraph (i), to receive an immediate or deferred pension payable on or before the surviving Spouse attains age sixty-five (65), the commuted value of which is equal to the lump sum amount to which the surviving Spouse would be entitled under paragraph (i) above. The Member's ’s surviving spouse, if any, must elect in the period of time described under the Pension Benefit Act to receive either a lump sum amount of or an immediate or deferred pension. If the Spouse fails to elect within the prescribed period of time, the Spouse shall be deemed to have elected to receive a deferred pension under paragraph (ii). A Member and his Spouse may jointly waive the spousal entitlement under this Section in a form prescribed under the Pension Benefits Act, in which event the death benefit shall be payable to the Member's ’s beneficiary in accordance with paragraph (i) above. Notwithstanding the foregoing, a Spouse who is living separate and apart from the Member at the date of the Member's ’s death shall not be entitled to the benefit payable under this Section, unless such Spouse is the member's Member’s designated beneficiary.

Benefits on Death. 10.01 If a Member should die prior to their Normal Retirement Date, or their Early Retirement Date if such was elected, his Designated beneficiary Beneficiary will receive a refund of the sum of: (a) their contributions on and after May 1st, 1972 and prior to January 1, 1987 with Credited Interest; Plusplus (b) the sum of: (i) contributions made to the Plan by the member Member prior to May 1st, 1972; (ii) interest credited to those contributions prior to May 1st, 1972 pursuant to the provisions of the Plan as constituted from time to time prior to that date; (iii) Credited Interest on the sum of (a) and (b) computed from May 1st, 1972. 10.02 If a Member, who has terminated employment and, prior to January 1, 1987, elected or was required to leave all or a portion of their contributions in the Plan pursuant to Section 9 hereof, should die prior to their Normal Retirement Date, their Designated Beneficiary shall receive whichever of the following amounts is applicable: (a) if the Member did not receive a refund of any contributions, the amount provided in Section 10.01 above; or (b) if the member Member received a refund of contributions, the Member's death benefit pursuant to Section 10.01 above in the records of the Plan at their date of termination less the amount of any refund they received at that time and the result accumulated with Credited Interest to their date of death. 10.03 For service on and after January 1, 1987. (a) Before completion of two (2) years of Plan Membershipmembership. If a Member dies while in the service of the Company prior to their retirement date and before they have completed two (2) years of Plan membership, their Beneficiary will receive a refund of the Member's contributions made to the Plan on and after January 1, 1987, if any, with Credited Interest credited interest thereon. (b) After completion of two (2) years of Plan Membership. (i) the member's Spouse or, membership. If a Member dies while in the absence of a surviving Spouse, the member's beneficiary, shall be entitled to receive a lump sum amount equal to the commuted value service of the member's deferred pension entitlement, calculated in accordance with Section 7.01 in respect of Company before his service on Retirement Date and after January 1, 1987, and determined immediately prior to his death. (ii) the Member's Spouse may elect, in lieu of the lump sum amount payable under paragraph (i), to receive an immediate or deferred pension payable on or before the surviving Spouse attains age sixty-five (65), the commuted value of which is equal to the lump sum amount to which the surviving Spouse would be entitled under paragraph (i) above. The Member's surviving spouse, if any, must elect in the period of time described under the Pension Benefit Act to receive either a lump sum amount of an immediate or deferred pension. If the Spouse fails to elect within the prescribed period of time, the Spouse shall be deemed to have elected to receive a deferred pension under paragraph (ii). A Member and his Spouse may jointly waive the spousal entitlement under this Section in a form prescribed under the Pension Benefits Act, in which event the death benefit shall be payable to the Member's beneficiary in accordance with paragraph (i) above. Notwithstanding the foregoing, a Spouse who is living separate and apart from the Member at the date of the Member's death shall not be entitled to the benefit payable under this Section, unless such Spouse is the member's designated beneficiary.has completed two