Common use of Death of Retired Early Employee Clause in Contracts

Death of Retired Early Employee. If the Retired Early Employee dies before receiving all monthly payments payable to him under subparagraph 4.4(b), above, Employer shall pay to the Retired Early Employee's estate, one (1) lump sum payment in an amount equal to the present value of all such remaining unpaid monthly payments, determined as of the date of death of the Retired Early Employee. If the Retired Early Employee was receiving health insurance and dental benefits pursuant to paragraph 3.4 hereof at the time of death, employer shall continue to provide such health insurance and dental benefits to the dependents of the deceased Retired Early Employee for the duration specified in paragraph 3.4, if the Retired Early Employee had not died.

Appears in 4 contracts

Samples: Employment Agreement (Financial Institutions Inc), Employment Agreement (Financial Institutions Inc), Employment Agreement (Financial Institutions Inc)

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Death of Retired Early Employee. If the Retired Early Employee dies before receiving all monthly payments payable to him under subparagraph 4.4(b), above, Employer shall pay to the Retired Early Employee's ’s estate, one (1) lump sum payment in an amount equal to the present value of all such remaining unpaid monthly payments, determined as of the date of death of the Retired Early Employee. If the Retired Early Employee was receiving health insurance and dental benefits pursuant to paragraph 3.4 hereof at the time of death, employer shall continue to provide such health insurance and dental benefits to the dependents of the deceased Retired Early Employee for the duration specified in paragraph 3.4, if the Retired Early Employee had not died.

Appears in 1 contract

Samples: Employment Agreement (Financial Institutions Inc)

Death of Retired Early Employee. If the Retired Early Employee dies before receiving all monthly payments payable to him under subparagraph 4.4(b), above, Employer shall pay to the Retired Early Employee's estate, one (1) lump sum payment in an amount equal to the present value of all such remaining unpaid monthly payments, determined as of the date of death of the Retired Early Employee. If the Retired Early Employee was receiving health insurance and dental benefits pursuant to paragraph 3.4 hereof at the time of death, employer Employer shall continue to provide such health insurance and dental benefits to the dependents of the deceased Retired Early Employee for the duration specified in paragraph 3.4, if the Retired Early Employee had not died.

Appears in 1 contract

Samples: Employment Agreement (Financial Institutions Inc)

Death of Retired Early Employee. If the Retired Early Employee dies before receiving all monthly payments payable to him under subparagraph 4.4(b)4.4.2, above, Employer shall pay to the Retired Early Employee's estate, one (1) lump sum payment in an amount equal to the present value of all such remaining unpaid monthly payments, determined as of the date of death of the Retired Early Employee. If the Retired Early Employee was receiving health insurance and dental benefits pursuant to paragraph 3.4 hereof at the time of death, employer Employer shall continue to provide such health insurance and dental benefits to the dependents of the deceased Retired Early Employee for the duration specified in paragraph 3.4, 3.4 if the Retired Early Employee had not died.

Appears in 1 contract

Samples: Employment Agreement (Financial Institutions Inc)

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Death of Retired Early Employee. If the Retired Early Employee dies before receiving all monthly payments payable to him under subparagraph 4.4(b), above, Employer shall pay to the Retired Early Employee's estate, estate one (1) lump sum payment in an amount equal to the present value of all such remaining unpaid monthly payments, determined as of the date of death of the Retired Early Employee. If the Retired Early Employee was receiving health insurance and dental benefits pursuant to paragraph 3.4 hereof at the time of death, employer shall continue to provide such health insurance and dental benefits to the dependents of the deceased Retired Early Employee for the duration specified in paragraph 3.4, if the Retired Early Employee had not died.

Appears in 1 contract

Samples: Employment Agreement (Financial Institutions Inc)

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