Insured Death Sample Clauses

Insured Death. When a Team agrees to insure, in whole or in part, the Cash Compensation provided for by a Uniform Player Contract in the event such Contract is terminated by the Team, pursuant to paragraph 16(a)(iv) thereof, by reason of the player’s insured death, such agreement shall mean that, subject to any conditions set forth in Exhibit 2 and/or Exhibit 3 to the Uniform Player Contract (in addition to the conditions and limitations set forth in this Section 4(c)), the Team has procured (or will procure forthwith) an insurance policy (specifically designated in Exhibit 2 to such Contract) for the benefit of the player or his estate or beneficiary that, subject to the conditions and limitations contained in the policy, would pay a benefit in the event of the player’s death in an amount equal to or less than the Cash Compensation remaining to be paid to the player under Exhibit 1 of his Player Contract at the time of his death; provided, however, that (i) such death does not result from the player’s participation in activities prohibited by paragraph 12 of the Uniform Player Contract (as such paragraph may be modified by Exhibit 5 to the Player Contract), suicide, the abuse of alcohol, or the use of any controlled substance; and (ii) at the time of the player’s failure to render playing services, the player is not in material breach of such Contract.