Common use of Collection of Death Proceeds Clause in Contracts

Collection of Death Proceeds. (a) Upon the death of the second to die of the Employee and Claixx X. Xxxxxxxx, xxe Corporation and the Owner shall cooperate to take whatever action is necessary to collect the death benefit, if any, provided under the Policy, and when such death benefit, if any, has been collected and paid as provided herein, this Agreement shall thereupon terminate.