Common use of Death Prior to Retirement Clause in Contracts

Death Prior to Retirement. Where an employee dies and would have been entitled to receive a Retirement allowance if retired immediately before death, the Retirement allowance to which the employee would have been entitled shall be paid: (a) to the employee’s beneficiary under the Group Life Insurance Policy; or (b) to the employee’s estate if there is no such beneficiary.

Death Prior to Retirement. Where an employee dies and he would have been entitled to receive a Retirement Allowance, such allowance if retired immediately before death, the Retirement allowance to which the employee would have been entitled shall be paid: (ai) to the employee’s beneficiary under the Group Life Insurance Policy; his beneficiary, or (bii) to the employee’s his estate if there is no such beneficiary.