Common use of Employee's Death Benefit Portion Clause in Contracts

Employee's Death Benefit Portion. If Employee dies prior to a -------------------------------- Termination Event, Employee's designated beneficiary or beneficiaries as set forth in the Policy shall be entitled to receive the excess of the death proceeds as provided in the Policy over the Corporate Interest. For purposes of this Agreement, "death proceeds" shall mean the face amount of the death benefit provided for in the Policy plus any increase in the Death Benefit from dividends, cash or accumulation value as those terms may be defined in the Policy contract or option contained therein.

Employee's Death Benefit Portion. If Employee dies prior to a -------------------------------- Termination Event, Employee's designated beneficiary or beneficiaries as set forth in the Policy shall be entitled to receive the excess of the death proceeds as provided in the Policy over the Corporate Interest. For purposes of this Agreement, "death proceeds" shall mean the face amount of the death benefit provided for in the Policy plus any increase in the Death Benefit from dividends, cash or accumulation value as those terms may be defined in the Policy contract or option contained therein.

Employee's Death Benefit Portion. If Employee dies prior to a -------------------------------- Termination Eventtermination of employment, the Employee's designated beneficiary or beneficiaries as set forth in the Policy shall be entitled to receive the excess of the death proceeds as provided in under the Policy over the Corporate InterestPolicy. For purposes of this Agreement, the term "death proceeds" shall mean the face amount of the death benefit provided for in the Policy plus any increase in the Death Benefit from dividends, cash or accumulation value as those terms may be defined in the any Policy contract or option contained therein.