Payment Upon Death. In the event of death of regular employees, the College will pay to their spouse, or if there is no spouse, to the estate of those deceased, one month's salary exclusive of any amount already earned by those deceased up to the date of which they last served.
Payment Upon Death. If an employee dies during employment with the City, his/her unused sick leave account balances as defined herein shall be paid to a surviving spouse. In the event that the employee has no surviving spouse, said balance shall be paid to the employee's estate. The employee's sick leave balances shall be valued at the time of death in accordance with the applicable Sections of this Article.
Payment Upon Death. When an employee dies, any and all accrued, unused vacation leave to his/her credit shall be paid to the surviving spouse. In the event that the employee has no surviving spouse, said unused vacation leave shall be paid to the employee's estate. Such payment shall be paid at the employee's hourly rate of pay at time of death in a lump sum (less applicable withholding), less any amounts owed by the employee to the City.
Payment Upon Death. Unless otherwise specified in an optional Rider or the Data Pages attached hereto, the Death Benefit is equal to the Annuity Account Value on the Payment Transaction Date.
Payment Upon Death. No reimbursement shall be made to any employee who experiences a break in continuous service with less than two (2) years of continuous service or less than one hundred ninety-two (192) hours accrued sick leave credit, except that when an employee dies while in paid status regardless of the number of accumulated sick leave hours in the City service, all unused sick leave to his/her credit shall be paid in a lump sum (less applicable withholding and any amounts owed by the employee to the City) to the surviving spouse or to the estate of the deceased in accordance with Section 27.3.
Payment Upon Death. Subject to the Qualified Pre-Retirement Survivor Annuity Rules of Section 8.2, all death benefits payable under any policy held on behalf of a deceased Participant shall be paid to his Beneficiary. Such benefits may, as the Committee shall determine, be paid either to the Trust Fund, in which case the cash proceeds thereof shall be included as part of vested account balance of such Participant and distributed accordingly, or directly by the insurance company to the Beneficiary pursuant to the settlement option in effect at the time of the Participant's death. In the absence of such election, the benefits may be paid in a lump sum or under any other settlement option contained in such policy, as determined by the Committee.
Payment Upon Death. In the event of Executive’s death, provided Executive is entitled to payment of the Severance Benefit, the unpaid portion of the Severance Benefit will be paid in lump sum to Executive’s estate within ten (10) days of Employer receiving notice of Executive’s death.
Payment Upon Death. In the event of your death, amounts that otherwise would have become payable to you in accordance with Section 3(a) will be paid in cash, Shares or a combination thereof, to your designated beneficiary (if such beneficiary has been designated in writing in accordance with the Plan, and such writing has been delivered to the Company’s Executive Compensation department), or if no beneficiary is designated, in accordance with Article 19 of the Plan.
Payment Upon Death. In the event of a unit member's death, the remaining balance of the monthly payments shall be paid to the estate of the unit member.
Payment Upon Death. In the event of the death of the Annuitant and upon verification of a benefit entitlement under Applicable Tax Legislation, the Trustee will take instructions from the Annuitant’s beneficiary or, if the Annuitant has no beneficiary, the executor or personal representative of the Annuitant’s estate, as to whether the Fund will be:
(a) distributed in kind to the Annuitant’s beneficiary or estate, as applicable; or,
(b) sold and the proceeds from the Fund distributed to the Annuitant’s beneficiary or estate, as applicable. The Trustee will require, in its sole discretion, satisfactory evidence of the death of the Annuitant and any other documents pertaining to the Annuitant’s death prior to proceeding with a request to distribute the Fund or the proceeds of the Fund less any tax under Applicable Tax Legislation and any other related fees or costs. If the Annuitant has designated more than one beneficiary of the Fund, the Trustee will distribute the Fund or the proceeds from the Fund to each beneficiary in the amounts designated by the Annuitant. If the Trustee cannot establish a valid designation of beneficiary or beneficiaries, the Trustee will distribute the Fund to the Annuitant’s estate. Once the Fund is transferred or the proceeds of the Fund paid, the Trustee will no longer have any further liability or duty to the Annuitant’s heirs, executors, administrators or legal representatives.
