DEATH BENEFITS PRIOR TO NORMAL RETIREMENT DATE Sample Clauses

DEATH BENEFITS PRIOR TO NORMAL RETIREMENT DATE. If the death of a Member occurs prior to the earlier of the Member's Retirement Date and Normal Retirement Date the following benefit is payable to his Spouse, unless waived in prescribed form in INTERNAL accordance with the Applicable Pension Laws: The Actuarial Equivalent of the Basic Pension that the Member would have been eligible to receive in accordance with Section 7.01, Section 7.02, Section 7.03 or that the Member would have been eligible to receive in accordance with Section 11.02, as applicable,
Sample 1
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DEATH BENEFITS PRIOR TO NORMAL RETIREMENT DATE. (a) If the death of a Member occurs prior to his Normal Retirement Date, a lump sum benefit is payable equal to: Prior to January 1, 1987: No death benefit is payable. On or after January 1, 1987:
Sample 1

Related to DEATH BENEFITS PRIOR TO NORMAL RETIREMENT DATE

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

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