Common use of Benefits Upon Death Clause in Contracts

Benefits Upon Death. If the employee should die before all the monthly instalments have been paid, the balance will be paid to his/her beneficiary in a lump sum. If all the 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.

Benefits Upon Death. If the employee should die before all the monthly instalments installments have been paid, the balance will be paid to his/her beneficiary in a lump sum. If all the instalments 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.

Benefits Upon Death. If the employee should die before all the monthly instalments installments have been paid, the balance will be paid to his/her beneficiary in a lump sum. If all the instalments 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.

Benefits Upon Death. If the employee should die before all the monthly instalments install- ments have been paid, the balance will be paid to his/her beneficiary in a lump sum. If all the instalments 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.