Common use of Death Benefits Payable Clause in Contracts

Death Benefits Payable. Upon the death of an employee, all accrued and unused overtime, vacation leave, and other terminal leave benefits (other than life insurance proceeds for which a beneficiary has been designated), shall be paid within forty-five (45) days to the employee’s designated beneficiary of the terminal leave benefits. The Employer will provide a form that employees may use to designate the beneficiary of the employee’s terminal leave benefits.

Death Benefits Payable. Upon the death of an employee, all accrued and unused overtime, vacation leave, and other terminal leave benefits (other than life insurance proceeds for which a beneficiary has been designated), shall be paid within forty-five (45) days to the employee’s designated beneficiary of the terminal leave benefits. The Employer will provide a form that employees may use to designate the beneficiary of the employee’s terminal leave benefits.five