Common use of Payments in the Event of Death Prior to Retirement Clause in Contracts

Payments in the Event of Death Prior to Retirement. In the event the Executive should die while actively employed by the Employer at any time after the Effective Date of this Agreement, but prior to attaining sixty (60) years of age or if the Executive chooses to work after attaining Sixty (60) years of age, but dies before Retirement, the Employer agrees to pay the Annual Benefit for a period of fifteen (15) years in One Hundred Eighty (180) equal monthly installments, with each installment to be paid on the first of each month beginning with the month following Executive's death, to the Executive's designated beneficiary with the Applicable Percentage determined by the applicable years of service, including years of service with Employer prior to execution of this Agreement, at the time of death, as set forth on Schedule "A". If a valid Beneficiary Designation is not in effect, then the amounts due to the Executive under the terms of this Agreement shall be paid to the Executive's Surviving Spouse as set forth above. If the Executive leaves no Surviving Spouse, the amounts due to the Executive under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Executive's estate as set forth above.

Payments in the Event of Death Prior to Retirement. In the event the Executive should die while actively employed by the Employer at any time after the Effective Date of this Agreement, but prior to attaining sixty sixty-three (6063) years of age or if the Executive chooses to work after attaining Sixty Sixty-Three (6063) years of age, but dies before Retirement, the Employer agrees to pay the Annual Benefit for a period of fifteen (15) years in One Hundred Eighty (180) equal monthly installments, with each installment to be paid on the first of each month beginning with the month following Executive's death, to the Executive's designated beneficiary with the Applicable Percentage determined by the applicable years of service, including years of service with Employer prior to execution of this Agreement, at the time of death, as set forth on Schedule "A". If a valid Beneficiary Designation is not in effect, then the amounts due to the Executive under the terms of this Agreement shall be paid to the Executive's Surviving Spouse as set forth above. If the Executive leaves no Surviving Spouse, the amounts due to the Executive under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Executive's estate as set forth above.

Payments in the Event of Death Prior to Retirement. In the event the Executive should die while actively employed by the Employer at any time after the Effective Date of this Agreement, but prior to attaining sixty (60) years of age or if the Executive chooses to work after attaining Sixty sixty (60) years of age, but dies before Retirement, the Employer agrees to pay the Annual Benefit for a period of fifteen (15) years in One Hundred Eighty (180) equal monthly installments, with each installment to be paid on the first of each month beginning with the month following Executive's death, to the Executive's designated beneficiary with the Applicable Percentage determined by the applicable years of service, including years of service with Employer prior to execution of this Agreement, at the time of death, as set forth on Schedule "A". If a valid Beneficiary Designation is not in effect, then the amounts due to the Executive under the terms of this Agreement shall be paid to the Executive's Surviving Spouse as set forth above. If the Executive leaves no Surviving Spouse, the amounts due to the Executive under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Executive's estate as set forth above.

Payments in the Event of Death Prior to Retirement. In the event the Executive should die while actively employed by the Employer at any time after the Effective Date of this Agreement, but prior to attaining sixty five (6065) years of age or if the Executive chooses to work after attaining Sixty sixty five (6065) years of age, but dies before Retirement, the Employer agrees to pay the Annual Benefit (with the Applicable Percentage determined by the applicable years of service Executive had with Employer, including years of service prior to the execution of this Agreement as set forth on Schedule A) for a period of fifteen twenty (1520) years in One Two Hundred Eighty Forty (180240) equal monthly installments, with each installment to be paid on the first of each month beginning with the month following Executive's death, death to the Executive's designated beneficiary with the Applicable Percentage determined by the applicable years of service, including years of service with Employer prior to execution of this Agreement, at the time of death, as set forth on Schedule "A"beneficiary. If a valid Beneficiary Designation is not in effect, then the amounts to due to the Executive under the terms of this Agreement shall be paid to the Executive's Surviving Spouse as set forth above. If the Executive leaves no Surviving Spouse, the amounts due to the Executive under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Executive's estate as set forth above.

Payments in the Event of Death Prior to Retirement. In the event the Executive should die while actively employed by the Employer at any time after the Effective Date of this Agreement, but prior to attaining sixty (60) years of age or if the Executive chooses to work after attaining Sixty (60) years of age, but dies before Retirement, the Employer agrees to pay the Annual Benefit for a period of fifteen (15) years in One Hundred Eighty (180) equal monthly installments, with each installment to be paid on the first of each month beginning with the month following the Executive's death, to the Executive's designated beneficiary beneficiary. The Annual Benefit shall be determined with the Applicable Percentage determined by that corresponds to the applicable years number of service, including years of service the Executive had with the Employer prior to execution of this Agreement, at the time of death, as set forth on Schedule "A". If a valid Beneficiary Designation is not in effect, then the amounts due to the Executive under the terms of this Agreement shall be paid to the Executive's Surviving Spouse as set forth aboveSpouse. If the Executive leaves no Surviving Spouse, the amounts due to the Executive under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Executive's estate as set forth aboveestate.