Common use of Death Prior to Retirement Clause in Contracts

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to his attaining the age of seventy (70) years, the Corporation will pay the annual sum of Twenty-Seven Thousand Dollars ($27,000.00) per year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred twenty (120) months. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of his estate. The said monthly payments shall begin the first day of the month following the month of the decease of the Executive. Provided, however, that anything hereinabove to the contrary notwithstanding, no death benefit shall be payable hereunder if it is determined that the Executive's death was caused by suicide on or before April 20, 1995.

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to his attaining the age of seventy sixty-five (7065) years, the Corporation will pay the annual sum of Twenty-Seven Thousand fifty thousand five hundred Dollars ($27,000.0050,500) per year, year to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred twenty eighty (120180) months. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of his her estate. The said monthly payments shall begin the first day of the month following the month of the decease of the Executive. Provided, however, that anything hereinabove to the contrary notwithstanding, no death benefit shall be payable hereunder if it is determined that the Executive's death was caused by suicide on or before April 20February 1, 1995.

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to his attaining the age of seventy (70) years, the Corporation will pay the annual sum of Twenty-Seven Sixteen Thousand Dollars ($27,000.0016,000.00) per year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred twenty (120) months. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of his estate. The said monthly payments shall begin the first day of the month following the month of the decease of the Executive. Provided, however, that anything hereinabove to the contrary notwithstanding, no death benefit shall be payable hereunder if it is determined that the Executive's death was caused by suicide on or before April 20, 1995.

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to his attaining the age of seventy (70) years, the Corporation will pay the annual sum of Twenty-Seven Eighteen Thousand Dollars ($27,000.0018,000.00) per year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred twenty (120) months. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of his estate. The said monthly payments shall begin the first day of the month following the month of the decease of the Executive. Provided, however, that anything hereinabove to the contrary notwithstanding, no death benefit shall be payable hereunder if it is determined that the Executive's death was caused by suicide on or before April 20, 1995.

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement Agreement, but prior to his or her attaining the age of seventy sixty-five (7065) years, the Corporation will pay the annual sum of Twenty-Seven Thousand Dollars __________________ ($27,000.00________________ ) per year, year to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred twenty (120) months. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of his estate. or her estate The said monthly payments shall begin the first day of the month following the month of the decease of the Executive. Provided, however, that anything hereinabove to the contrary notwithstanding, no death benefit shall be payable hereunder if it is determined that the Executive's death was caused by suicide on or before April 20February 1, 19951999.