Common use of DEATH BENEFIT PROGRAM Clause in Contracts

DEATH BENEFIT PROGRAM. The Board agrees to continue the Death Benefit Program. The Board may pay to the estate of the deceased eligible Employee or to a specified Beneficiary, a sum equal to twenty (20) days’ pay at the per diem rate of the regular gross annual salary for the fiscal year during which death occurs.

DEATH BENEFIT PROGRAM. The Board agrees to continue the Death Benefit Program. The Board may pay to the estate of the deceased eligible Employee or to a specified Beneficiarybeneficiary, a sum equal to twenty (20) days’ days pay at the per diem rate of the regular gross annual salary for the fiscal year during which death occurs.

DEATH BENEFIT PROGRAM. The Board agrees to continue the Death Benefit Program. The Board may pay to the estate of the deceased eligible Employee employee or to a specified Beneficiarybeneficiary, a sum equal to twenty (20) days’ days pay at the per diem rate of the regular gross annual salary for the fiscal year during which death occurs.