Common use of Claimant in Death Situation Clause in Contracts

Claimant in Death Situation. If severance pay is granted because of the death of an employee, the severance pay shall be paid to the employee's estate. 18.05 No Pyramiding of Pay 18.06 Timing Receipt of Severance Pay or Retiring Pay (a) An employee eligible for severance pay or retiring pay may elect to immediately receive such pay or defer receipt until the beginning of the next calendar year, provided the next calendar year is within the same fiscal year that the amount is payable. (b) In the case of a layoff, severance pay is payable in accordance with Article 36.06 (h) or (i) (2).

Claimant in Death Situation. If severance pay is granted because of the death of an employee, the severance pay shall be paid to the employee's estate’s designated beneficiary or to his/her estate if no beneficiary has been designated. 18.05 No Pyramiding of Pay 18.06 Timing Receipt of Severance Pay or Retiring Pay (a) An employee eligible for severance pay or retiring pay may elect to immediately receive such pay or defer receipt until the beginning of the next calendar year, provided the next calendar year is within the same fiscal year that the amount is payable. (b) In the case of a layoff, severance pay is payable in accordance with Article 36.06 (h36.06(h) or (i) (2j).