Common use of Distribution at Death Clause in Contracts

Distribution at Death. If the Executive dies prior to the payment of his or her Distributable Balance, the Executive’s Distributable Balance immediately shall become payable in full to the Executive’s Designated Beneficiary (as determined under paragraph 4) (irrespective of the payment date elected by the Executive in paragraph 3(b)). Payment shall be made at the time determined by the Company within sixty (60) days following the Executive’s death.

Distribution at Death. If the Executive dies prior to the payment total distribution of his or her Distributable Balance, the Executive’s unpaid Distributable Balance immediately shall become payable in full to the Executive’s Designated Beneficiary (as determined under defined in paragraph 4) (irrespective of the payment date elected by the Executive in paragraph 3(b)). Payment shall be made in a lump sum at the time determined by the Company within sixty (60) days following the Executive’s death.

Distribution at Death. If the Executive dies prior to the payment total distribution of his or her Distributable Balance, the Executive’s unpaid Distributable Balance immediately shall become payable in full to the Executive’s Designated Beneficiary (as determined under paragraph 4) (irrespective of the payment date elected by the Executive in paragraph 3(b)). Payment shall be made in a lump sum (irrespective of the form of payment elected by the Executive in paragraph 3(c)) at the time determined by the Company within sixty (60) days following the Executive’s death.