Common use of Form of Payment to Beneficiary Clause in Contracts

Form of Payment to Beneficiary. In the event of the Employee's death, ------------------------------ Benefits shall be distributed -- [_] in one lump sum payment, determined in the manner described in paragraph 1 hereof. [_] in accordance with the payment schedule selected in paragraphs 1, 2, and 3 hereof (with payments made as though the Employee survived to collect all benefits, and as though the Employee terminated service on the date of death, if payments had not already begun).

Form of Payment to Beneficiary. In the event of the Employee's death, ------------------------------ Benefits his benefits shall be distributed -- [_] in one lump sum payment, determined in the manner described in paragraph 1 hereof. [_] in accordance with the payment schedule selected in paragraphs 1, 2, and 3 hereof (with payments made as though the Employee survived to collect all benefits, and as though the Employee terminated service on the date of his death, if payments had not already begun).

Form of Payment to Beneficiary. In the event of the Employee's death, ------------------------------ Benefits shall be distributed -- [_[ ] in one lump sum payment, determined in the manner described in paragraph 1 hereof. [_[ ] in accordance with the payment schedule selected in paragraphs 1, 2, and 3 hereof (with payments made as though the Employee survived to collect all benefits, and as though the Employee terminated service on the date of death, if payments had not already begun).

Form of Payment to Beneficiary. In the event of the Employee's death, ------------------------------ his Benefits shall be distributed -- [_] in one lump sum payment, determined in the manner described in paragraph 1 hereof. [_] in accordance with the payment schedule selected in paragraphs 1, 2, and 3 hereof (with payments made as though the Employee survived to collect all benefits, and as though the Employee terminated service on the date of his death, if payments had not already begun).