Common use of Collection of Death Proceeds Clause in Contracts

Collection of Death Proceeds. Upon the death of the Employee, the Corporation shall promptly take all action necessary to obtain the death benefit provided under the Policy. When such benefit has been collected and paid as provided herein, this Agreement shall thereupon terminate.

Collection of Death Proceeds. Upon the death of the Employee, the Corporation shall promptly cooperate with the beneficiary or beneficiaries designated by the Corporation at the direction of the Employee to take all whatever action is necessary to obtain collect the death benefit provided under the Policy. When ; when such benefit has been collected and paid as provided herein, this Agreement shall thereupon terminate.

Collection of Death Proceeds. a. Upon the death of the Employee, the Corporation and the Owner shall promptly cooperate to take all whatever action is necessary to obtain collect the death benefit benefits provided under the PolicyPolicies. When such benefit has those benefits have been collected and paid as provided hereinin this Agreement, this Agreement shall thereupon terminate.

Collection of Death Proceeds. Upon the death of the Employee, the Corporation shall promptly cooperate with the Owner to take all whatever action is necessary to obtain collect the death benefit provided under the Policy. When ; when such benefit has been collected and paid as provided herein, this Agreement shall thereupon terminate.