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

Payments in the Event of the Executive’s Death After Retirement. Upon the death of the Executive after Normal Retirement, then Executive’s designated Beneficiary shall be paid the remainder of any unpaid or outstanding Executive Benefit payments. The payments shall commence no later than thirty (30) days after Executive’s death and shall continue until the total one hundred and eighty (180) payments have been made.

Payments in the Event of the Executive’s Death After Retirement. Upon the death of the Executive after electing Early or Normal Retirement, then Executive’s designated Beneficiary shall be paid the remainder of any unpaid or outstanding Executive Benefit payments. The payments shall commence no later than thirty (30) days after Executive’s death and shall continue until the total one hundred and eighty (180) payments have been made.