Common use of Death Prior to Retirement Clause in Contracts

Death Prior to Retirement. In the event the Executive should die while employed by the Corporation at any time after the date of this Agreement but prior to his Retirement Date, the Corporation shall pay a yearly benefit of One Hundred Thirty-four Thousand and Fifty-eight dollars ($134,058), payable on a monthly basis to the Executive's designated Beneficiary for a period of one hundred eighty (180) 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 the executive's estate. The said monthly payments shall begin the first day of the month following the month of the death 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.

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 Retirement Dateher attaining the age of sixty-five (65) years, the Corporation shall will pay a yearly benefit the annual sum of One Hundred Thirtyforty-four Thousand and Fifty-eight dollars thousand nine hundred Dollars ($134,058), payable on a monthly basis 44,900) per year to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty (180) 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 the executive's her estate. The said monthly payments shall begin the first day of the month following the month of the death 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 suicidesuicide on or before February 1, 1995.

Death Prior to Retirement. In the event the Executive should die while employed by the Corporation at any time after the date of this Agreement but prior to his Retirement Date, the Corporation shall pay a yearly benefit of One Hundred ThirtyONE HUNDRED THIRTY-four Thousand and FiftyFOUR THOUSAND AND FIFTY-eight dollars EIGHT DOLLARS ($134,058), payable on a monthly basis to the Executive's 's, designated Beneficiary for a period of one hundred eighty (180) 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 the executiveExecutive's estate. The said monthly payments shall begin the first day of the month following the month of the death 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.

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 Retirement Datethis attaining the age of sixty-five (65) years, the Corporation shall will pay a yearly benefit the annual sum of One Hundred Thirty-four Fifty Thousand and Fifty-eight dollars Dollars ($134,058)50,000.00) per year, payable on a monthly basis to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty (180) months. If a valid valued 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 the executive's his estate. The said monthly payments shall begin the first day of the month following the month of the death 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 suicidesuicide on or before November 1, 1992.

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 Retirement Datethis attaining the age of sixty-five (65) years, the Corporation shall will pay a yearly benefit the annual sum of One Hundred Thirty-four Seven Five Thousand and Fifty-eight dollars Dollars ($134,058)75,000.00) per year, payable on a monthly basis to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty (180) months. If a valid valued 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 the executive's his estate. The said monthly payments shall begin the first day of the month following the month of the death 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 suicidesuicide on or before November 1, 1992.

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 Retirement Dateattaining the age of sixty-five (65) years, the Corporation shall will pay a yearly benefit the annual sum of One Hundred Thirtyfifty-four Thousand and Fifty-eight dollars seven thousand two hundred Dollars ($134,058), payable on a monthly basis 57,200) per year to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty (180) 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 the executive's his estate. The said monthly payments shall begin the first day of the month following the month of the death 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 suicidesuicide on or before February 1, 1995.