Common use of Death Benefits Before Retirement Clause in Contracts

Death Benefits Before Retirement. Current Plan: Upon the death of a Participant prior to a Retirement Date and within 24 months of Covered Employment, a single-sum Death Benefit is payable to the Participant’s surviving spouse or Designated Beneficiary equal to the lesser of 100% of employer contributions or $10,000.

Death Benefits Before Retirement. Current Plan: Upon the death of a Participant prior to a Retirement Date and within 24 months of Covered Employment, a single-sum Death Benefit is payable to the Participant’s 's surviving spouse or Designated Beneficiary equal to the lesser of 100% of employer contributions or $10,00010,000.00.