Common use of Life Assurance Benefit Clause in Contracts

Life Assurance Benefit. Life Assurance Benefit is payable to the Executive’s beneficiary(s) should the Executive die whilst in the service of the Company, subject to certain criteria but which will be no less than four (4) times the then prevailing annual salary of the Executive. Payments under the Scheme are subject to approval by the Trustees and the rules of the scheme. Details are available from the HR department.

Life Assurance Benefit. Life Assurance Benefit is payable to the Executive’s beneficiary(s) should the Executive die whilst in the service of the Company, subject to certain criteria but which will be no less than four (4) times the then prevailing aggregate annual salary of the Executive. Payments under the Scheme are subject to approval by the Trustees and the rules of the scheme. Details are available from the HR department.