Common use of PAYMENT OF DEATH BENEFIT Clause in Contracts

PAYMENT OF DEATH BENEFIT. In the event of the death of the Employee while the Policy and this Agreement are in force, the net proceeds of the Policy shall be divided into two parts and paid as follows:

Appears in 13 contracts

Samples: Split Dollar Agreement (Dm Management Co /De/), Split Dollar Agreement (Dm Management Co /De/), Split Dollar Agreement (J Jill Group Inc)

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PAYMENT OF DEATH BENEFIT. In the event of the death of the Employee while the Policy and this Agreement are in force, the net proceeds of the Policy shall be divided into two parts and paid as follows:

Appears in 1 contract

Samples: Split Dollar Agreement (Dm Management Co /De/)

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PAYMENT OF DEATH BENEFIT. 6.1 In the event of the death of the Employee while the Policy and this Agreement are in force, the net proceeds of the Policy shall be divided into two parts and paid as follows:

Appears in 1 contract

Samples: Split Dollar Agreement (Ipswich Bancshares Inc)

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