Insured’s Death Benefit. (a) Upon the death of the Insured while employed by the Bank, the Insured’s beneficiary shall be entitled to receive the Death Benefit. The receipt of this amount by the beneficiary shall constitute satisfaction of the Insured’s rights under this Agreement.
Appears in 4 contracts
Samples: Dollar Life Insurance Agreement (Century Bancorp Inc), Dollar Life Insurance Agreement (Century Bancorp Inc), Dollar Life Insurance Agreement (Century Bancorp Inc)
