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

Payments in the Event of Disability Prior to Retirement. In the event the Executive becomes Disabled while actively employed by the Employer at any time after the date of this Agreement but prior to Retirement, and provided an event triggering Schedule B Annuity payments has not yet occurred, the Executive (or the Executive's designated beneficiary, or the Executive's estate if no designated beneficiary has been selected, upon the Executive's death) shall be entitled to the Schedule B Annuity, as defined above, with payments thereunder to begin in the month following the month in which the Executive attains sixty-five (65) years of age or, if earlier, the month following the month in which the Executive dies.