Death of the Sample Clauses

Death of the employee in which case payment shall be made to the surviving spouse, or if there is no surviving spouse, to the employee’s estate. Payment for sick leave under this policy shall be considered to eliminate all sick leave credit accrued by the employee at that time. Such payment shall be made within thirty
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Death of the. Contract Owner -- Distribution to be made in a manner consistent with the "Death of Contract Owner" provisions of this Contract.
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Death of the. OWNER WHO IS NOT THE ANNUITANT PRIOR TO THE ANNUITY STARTING DATE Upon the death of any Owner, who is not the same as the Annuitant, the account value of the Net Single Premium Payment must be paid by the end of the calendar year containing the fifth anniversary of that Owner's death. However, each person who is or becomes an Owner in accordance with the Rights of Succession (Article 6, section 6.01) may elect to have the entire interest paid over his or her lifetime or over a period not exceeding his or her life expectancy. Payments are to begin on or before the end of the calendar year immediately following the year in which the Owner or Joint Owner died. Refer to Lifetime Income Payout Option (Article 6, section 6.10) for additional restrictions on Lifetime Only Payout Options.
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Death of the. Dealer Principal named in the Dealer Ownership and Management Exhibit will result in the immediate termination of this agreement unless the provisions of Article 8.2 apply. [LAND ROVER LOGO]
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Death of the. Dealer Principal named in the Dealer Ownership and Management Exhibit will result in the immediate termination of this agreement unless the provisions of Article 8.2 apply. </TABLE> 12 [LAND ROVER LOGO] <PAGE> <TABLE> <CAPTION> ARTICLE 13 - EFFECTS OF TERMINATION --------------------------------------------------------------------------------------------------------- <S> <C> CESSATION 13.1 Upon receipt of Company's notice of termination, or the mailing of Dealer's notice of termination to Company, or upon expiration of the term of this Agreement without renewal, Dealer will immediately cease to be, or act as an authorized dealer of Land Rover Products, will no longer make use of any Land Rover trademark and will immediately remove all signs, displays, etc., advertising itself as such. NON-USE OF LAND ROVER IDENTIFICATION 13.2 Dealer will inventory, package and ship all Land Rover books, manuals, etc., to Company at Dealer's expense and will destroy any and all Dealer letterhead, business cards, business forms, etc., indicating Dealer's previous status as a Dealer of Land Rover Products. OUTSTANDING ORDERS 13.3 The Company may cancel any unfilled orders for Land Rover Products upon its receipt of Dealer's notice of termination even if previously accepted by Company. The Company may, at its sole option, accept orders or conduct business with Dealer after the effective date of termination. All such orders or business operations will be under the same terms and conditions as this Agreement. The conduct of any business after termination or expiration shall not serve as a waiver or modification of the termination, or serve to extend the term of this Agreement. REPURCHASE 13.4 Company, subject to Dealer fulfilling its obligations under this Article 13, will repurchase from Dealer: (a) all current model, new, unused, undamaged Land Rover Vehicles at the net cost of that vehicle to the Dealer less the cost of freight, insurance, etc., or transfer the subject vehicle(s) to Company or another dealer; (b) all current, new, properly packaged and itemized Land Rover Parts and Accessories at Dealer's net cost of the item(s), less freight, insurance, etc., to Company's warehouse and less a restocking charge of twenty percent (20%); (c) special tools, equipment and signs for Land Rover Products properly maintained in good working order and repair, less than five (5) years old at Dealer's cost less straight line depreciation of five (5) years useful life. TRANSFER OF TITLE ...
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Related to Death of the

  • Death of the Employee The TERM automatically terminates upon the death of the EMPLOYEE. In the event of such death, the EMPLOYEE's estate shall be entitled to receive the compensation due the EMPLOYEE through the last day of the calendar month in which the death occurred, except as otherwise specified herein.

  • Death of the Executive In the event of the Executive’s death before all payments or benefits the Executive is entitled to receive under this Agreement have been provided, the unpaid amounts will be provided to the Executive’s designated beneficiary, if living, or otherwise to the Executive’s personal representative in a single lump sum as soon as possible following the Executive’s death.

  • Death of the Annuitant If the Annuitant is not an Owner and dies prior to the Annuity Date, Owner 1 will become the new Annuitant unless you designate otherwise. If any Owner is not an individual, we will treat the death of the Annuitant as the death of an Owner.

  • Death of the Participant The Advisory Committee will direct the Trustee, in accordance with this Section 6.01(C), to distribute to the Participant's Beneficiary the Participant's Nonforfeitable Accrued Benefit remaining in the Trust at the time of the Participant's death. Subject to the requirements of Section 6.04, the Advisory Committee will determine the death benefit by reducing the Participant's Nonforfeitable Accrued Benefit by any security interest the Plan has against that Nonforfeitable Accrued Benefit by reason of an outstanding Participant loan. (1) DECEASED PARTICIPANT'S NONFORFEITABLE ACCRUED BENEFIT DOES NOT EXCEED $3,500. The Advisory Committee, subject to the requirements of Section 6.04, must direct the Trustee to distribute the deceased Participant's Nonforfeitable Accrued Benefit in a single sum, as soon as administratively practicable following the Participant's death or, if later, the date on which the Advisory Committee receives notification of or otherwise confirms the Participant's death. (2) DECEASED PARTICIPANT'S NONFORFEITABLE ACCRUED BENEFIT EXCEEDS $3,500. The Advisory Committee will direct the Trustee to distribute the deceased Participant's Nonforfeitable Accrued Benefit at the time and in the form elected by the Participant or, if applicable by the Beneficiary, as permitted under this Article VI. In the absence of an election, subject to the requirements of Section 6.04, the Advisory Committee will direct the Trustee to distribute the Participant's undistributed Nonforfeitable Accrued Benefit in a lump sum on the first distribution date following the close of the Plan Year in which the Participant's death occurs or, if later, the first distribution date following the date the Advisory Committee receives notification of or otherwise confirms the Participant's death. If the death benefit is payable in full to the Participant's surviving spouse, the surviving spouse, in addition to the distribution options provided in this Section 6.01(C), may elect distribution at any time or in any form (other than a joint and survivor annuity) this Article VI would permit for a Participant.

  • Death of Optionee If the Optionee shall die while in the employ of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

  • DEATH OF BENEFICIARY Unless otherwise provided in the Beneficiary designation, if any Beneficiary dies before the Owner, that Beneficiary's interest will go to any other primary Beneficiaries named, according to their respective interests. If there are no primary Beneficiaries, the Beneficiaries' interest will pass to a contingent Beneficiary, if any. Prior to the Annuity Commencement Date, if no Beneficiary or contingent Beneficiary survives the Owner, the Death Benefits will be paid to the Owner's estate. Unless otherwise provided in the Beneficiary designation, once a Beneficiary is receiving Death Benefits or annuity payments under an Annuity Payment Option, the Beneficiary may name his or her own Beneficiary to receive any remaining benefits due under the Contract, should the original Beneficiary die prior to receipt of all benefits. If no Beneficiary is named or the named Beneficiary predeceases the original Beneficiary, any remaining benefits will continue to the original Beneficiary's estate. A Beneficiary designation must be made by Notice to LNY.

  • Death of Executive In the event of the death of Executive during the Employment Period, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued to the date of death.

  • Death of Owner If the Owner dies before the sole surviving Annuitant and before the Annuity Date, the death benefit proceeds will be equal to the Death Benefit Amount as of the Notice Date. If the Owner dies before the sole surviving Annuitant and before the Annuity Date, we will pay the death benefit proceeds to the first among the following who is (1) living; or (2) an entity entitled to receive the death benefit proceeds:

  • Death of Grantee If the Grantee shall die during the term of this Option, the Grantee's legal representative or representatives, or the person or persons entitled to do so under the Grantee's last will and testament or under applicable intestate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his death, and such right shall expire and this Option shall terminate one (1) year after the date of the Grantee's death or on the expiration date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such death.

  • Death of Member Upon the death of the Member, the Company shall be dissolved. By separate written documentation, the Member shall designate and appoint the individual who will wind down the Company’s business and transfer or distribute the Member's Interests and Capital Account as designated by the Member or as may otherwise be required by law.

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