Death Benefit Scheme. The Co-op provides a Death Benefit Scheme for colleagues. Colleagues become eligible from the date that their employment commences. A sum equal to one year’s wages (subject to a minimum of £5000) will be paid to the beneficiary of a colleague who dies in service. Payment of the benefit is at the absolute discretion of the Scheme Trustees in accordance with the Scheme Rules.
Appears in 5 contracts
Samples: Retail Management Agreement, Retail Agreement, Retail Agreement
