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

Payments in the Event of Death Prior to Retirement. If the Employee -------------------------------------------------- dies while actively employed by the Employer at any time after the Effective Date of this Agreement, but prior to Retirement, the Employer agrees to pay the Employee Benefits to which the Employee is then 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 Prior to Retirement. If the -------------------------------------------------- Employee -------------------------------------------------- dies while actively employed by the Employer at any time after the Effective Date of this Agreement, but prior to Retirement, the Employer agrees to pay the Employee Benefits to which the Employee is then 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.