Common use of DEATH BENEFIT PRIOR TO RETIREMENT Clause in Contracts

DEATH BENEFIT PRIOR TO RETIREMENT. Should the Executive die before the Retirement Date, the Corporation agrees to pay to the Executive’s designated beneficiary in the Beneficiary Designation Form, or in the absence or failure of the Executive to designate a beneficiary, to the Executive’s estate, a single sum of $350,000 on the first day of the first month following the Executive’s death. If the provisions of Article III. B. are in effect, this provision is null and void.

DEATH BENEFIT PRIOR TO RETIREMENT. Should the Executive die before the Normal Retirement DateDate (exclusive of Early Retirement or Severance), the Corporation agrees to pay to the Executive’s designated beneficiary in the Beneficiary Designation Form, or in the absence or failure of the Executive to designate a beneficiary, to the Executive’s estate, a single sum of $350,000 on the first day of the first month following the Executive’s death. If In the provisions event the Executive’s death shall be the result of Article III. B. are in effectsuicide within a two-year period following the effective date of this Agreement, this provision is null and voidthen no death benefits shall be payable to the Executive or his designated beneficiary.

DEATH BENEFIT PRIOR TO RETIREMENT. Should the Executive die before prior to the Normal Retirement DateDate (exclusive of Early Retirement, the Termination or Total and Permanent Disability, as defined elsewhere herein), Corporation agrees to pay to the Executive’s designated beneficiary in the Beneficiary Designation Form, or in the absence or failure of the Executive to designate a beneficiary, to the Executive’s estate, a single sum of $350,000 on the first day of the first month following the Executive’s death. If death the provisions sum of Article III. B. $1,000.00 for a continuous period until funds are in effect, this provision is null and voiddepleted.

DEATH BENEFIT PRIOR TO RETIREMENT. Should the Executive die before prior to the Normal Retirement DateDate (exclusive of Early Retirement or Severance as defined elsewhere, the herein), Corporation agrees to pay to the Executive’s designated beneficiary in the Beneficiary Designation Form, or in the absence or failure of the Executive to designate a beneficiary, to the Executive’s estate, a single sum of $350,000 on the first day of the first month following the Executive’s deathdeath the sum of $4,150 for a continuous period of 180 months. If Executive shall declare his designated beneficiary in writing on a form provided by the provisions Corporation. In the event the Executive’s death shall be the result of Article III. B. are in effectsuicide with a 24-month period following the effective date of this Agreement, this provision is null and voidthen no death benefits shall be payable to the Executive or his designated beneficiary.

DEATH BENEFIT PRIOR TO RETIREMENT. Should the Executive die before prior to the Normal Retirement Date, the Corporation agrees to pay to the Executive’s designated beneficiary in the Beneficiary Designation Form, or in the absence or failure of the Executive to designate a beneficiary, to the Executive’s estate, a single sum of $350,000 commencing on the first day of the first month following the Executive’s deathdeath and on each annual anniversary thereafter for a total of ten (10) years, the annual sum of $150,000. If Executive shall declare his designated beneficiary in writing on a form provided by the provisions Corporation. In the event the Executive’s death shall be the result of Article III. B. are in effectsuicide before January 2, this provision is null and void1999, then no death benefits shall be payable.