Common use of Payment on Death Clause in Contracts

Payment on Death. If an employee dies during active military duty, the employee’s heirs of such deceased employee shall be paid an amount of money equal to the number of unused Military Bank leave hours donated to the employee’s personal Military Leave Bank, multiplied by the hourly rate of such deceased employee.

Payment on Death. If an employee dies during active military duty, the employee’s heirs of such deceased employee shall be paid an amount of money equal to the number of unused Military Bank leave hours donated to the employee’s personal Military Leave Bank, multiplied by the hourly rate of such deceased employee.the

Payment on Death. ‌ If an employee dies during active military duty, the employee’s heirs of such deceased employee shall be paid an amount of money equal to the number of unused Military Bank leave hours donated to the employee’s personal Military Leave Bank, multiplied by the hourly rate of such deceased employee.