Benefits Upon Death. If the employee should die before all the monthly installments have been paid, the balance will be paid to his/her beneficiary in a lump sum. If all the installments have been paid, or if the unpaid balance is less than $500.00, his/her beneficiary will receive $500.00. Payment of Total and Permanent Disability benefits will in no way affect any benefit the employee may be entitled to under the Retirement Pension Plan.
Appears in 6 contracts
Samples: Supplemental Agreement, Agreement Concerning the Supplemental Unemployment Benefit Plan, the Separation Payment Plan, and the Automatic Short Week Benefit Plan, Collective Bargaining Agreement
Benefits Upon Death. If the employee should die before all the monthly installments instalments have been paid, the balance will be paid to his/her beneficiary in a lump sum. If all the installments instalments have been paid, or if the unpaid balance is less than $500.00, his/her beneficiary will receive $500.00. Payment of Total and Permanent Disability benefits will in no way affect any benefit the employee may be entitled to under the Retirement Pension Plan.
Appears in 5 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Benefits Upon Death. If the employee should die before all the monthly installments have been paid, the balance will be paid to his/her beneficiary in a lump sum. If all the installments have been paid, or if the unpaid balance is less than $500.00, his/her beneficiary will receive $500.00. Payment of Total total and Permanent Disability permanent disability benefits will in no way affect any benefit the employee may be entitled to under the Retirement Pension Planretirement pension plan.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Benefits Upon Death. If the employee should die before all the monthly installments install- ments have been paid, the balance will be paid to his/her beneficiary in a lump sum. If all the installments have been paid, or if the unpaid balance is less than $500.00, his/her beneficiary will receive $500.00. Payment of Total and Permanent Disability benefits will in no way affect any benefit the employee may be entitled to under the Retirement Pension Plan.
Appears in 1 contract
Samples: Collective Bargaining Agreement
