Common use of Estate Benefit Clause in Contracts

Estate Benefit. In the event of death of a permanent employee with at least one year of service, the College will pay to the named beneficiary, or if there is none, to the estate, one month's salary exclusive of any amount already earned by the deceased up to the date on which he/she last served. M Short Term Salary Indemnity All employees upon appointment to the permanent staff shall participate in the Salary Indemnity Plan. Salary Indemnity coverage is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit - 65% of employees weekly salary to a maximum of $500 per week Duration of benefit - 52 weeks Benefit effective - upon expiration of sick leave where the absence exceeds ten (10) consecutive working days The premium cost of salary indemnity coverage shall be borne entirely by the employee and shall be paid by means of payroll deductions.