Common use of Payments in the Event of Death After Retirement Clause in Contracts

Payments in the Event of Death After Retirement. The Employer ----------------------------------------------- agrees that if the Employee Retires, but shall die before receiving all of the Employee Benefits, the Employer will make such payments to which the Employee may be entitled, to the Employee's designated beneficiary in lump sum. If a valid Beneficiary Designation is not in effect, then the remaining amounts due to the Employee under the terms of this Agreement shall be paid to the Employee's Surviving Spouse. If the Employee leaves no Surviving Spouse, the remaining amounts due to the Employee under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Employee's estate.

Payments in the Event of Death After Retirement. The Employer agrees ----------------------------------------------- agrees that if the Employee Retires, but shall die before receiving all of the Employee Benefits, the Employer will make such payments to which the Employee may be entitled, to the Employee's designated beneficiary in lump sum. If a valid Beneficiary Designation is not in effect, then the remaining amounts due to the Employee under the terms of this Agreement shall be paid to the Employee's Surviving Spouse. If the Employee leaves no Surviving Spouse, the remaining amounts due to the Employee under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Employee's estate.