Payments on Death. Any payment due under this Agreement following the death of the Recipient shall be paid to the Successor of the Recipient.
Payments on Death. Any payment due under this Agreement following the death of the Holder shall be paid to the Successor of the Holder.
Payments on Death. If the Executive shall die after the occurrence of a Triggering Event, but prior to the payment of all of the monthly severance payments required by Article II hereof, then all remaining severance payments shall be paid to the beneficiary herein provided at the same time, and in the same amount, as would have been payable to the Executive (in accordance with Article II hereof) had he survived. For this purpose, the Executive's beneficiary shall mean the person or persons designated by the Executive in a notice to the Employer, provided, however than any such designation shall be revocable during the lifetime of the Executive, and in the event that the Executive shall have given more than one such notice during his lifetime, the beneficiary designated in the last such notice shall govern. If the Executive shall not have given such a notice prior to his death, the beneficiary shall be deemed to be the same person that the Executive designated with respect to his group life insurance program maintained by the Employer.
Payments on Death. In the event of Employee's death during the Employment Term and in addition to any payments to Employee's beneficiary or estate made with respect to any insurance contracts entered under the terms of this Agreement, the Company shall, irrespective of the expiration date of this Agreement, pay the personal representative of Employee's estate, the salary and bonus provided for in Paragraphs 4.1 and 4.2 through the end of the sixth month after the month in which Employee's death occurs.
Payments on Death. The Executive's employment under this agreement shall be terminated upon her death and the Executive's estate shall be paid, in full discharge of all the Company's obligations to the Executive, the Executive's full salary under section 3 until the date of termination and the amount of all expense reimbursements (including professional dues and fees) due for periods prior to termination.
Payments on Death. Notwithstanding the provisions of Section 1, if the Executive dies prior to the date on which he has received all of the payments due to him hereunder, then all of the then remaining Retirement Benefits to which he is entitled hereunder, determined in accordance with Exhibit A (without any adjustment for early payment), shall be paid in a lump sum as soon as practicable following the Executive’s death to the trustees of the Acton Trust or such other person or entity nominated by the Executive in writing and delivered to Axis.
Payments on Death. Notwithstanding the provisions of Section 1, if the Executive dies prior to the date on which he has received all of the payments due to him hereunder, then all of the then remaining Retirement Benefits to which he is entitled hereunder, determined in accordance with Exhibit A (without any adjustment for early payment), shall be paid in a lump sum as soon as practicable following the Executive’s death to the trustees of the Dragon Holdings Trust or such other person or entity nominated by the Executive in writing and delivered to AXIS.
Payments on Death. The Executive's employment under this agreement shall be terminated upon his death and the Executive's estate shall be paid, in full discharge of all the Company's obligations to the Executive, the Executive's full salary and accrued bonus, if any, under section 3 for three months following the date of termination (or, if a shorter period, the remainder of the term), plus the proceeds of any life insurance policy purchased by the Company on the Executive's life and payable to the Executive's heirs and estate. If the Executive's immediate family shall request, the Company shall, at the expense of the Executive's immediate family, keep them on all medical, dental and other plans they previously enjoyed under this agreement for the minimum period required under applicable law.
Payments on Death. B17.1 In the event of the death of a teacher with six months or more continuous service with the Board, the Board shall pay three (3) month’s salary to the widow or widower or to the teacher’s designate or to the estate, as well as any amount earned by the deceased up to the last date of employment with the Board.
B17.2 In addition to the payment in Article B17.1, the Board will also pay one additional month’s salary for any employee who has been in the service of the Board for more than ten years and covered by this Agreement.
B17.3 The Board shall continue medical, extended health and dental benefits to the dependents of the deceased teacher previously covered for a period of six (6) months beyond the month in which the death occurs. Such continuation shall be paid for in full by the Board. The dependents shall be notified in writing of the terms of these provisions when severance and other benefits are paid over.
Payments on Death. During Xxxxxxxxxx Xxxxx 00 SECTION 10. GLWB-THE XXXXXXXXXX XXXXX 00 10.01 Contract Rights and Benefits 17 10.02 Fees 18 10.03 Installments 18 10.04 Domestic Relations Orders during the Xxxxxxxxxx Xxxxx 00 10.05 Death during the Xxxxxxxxxx Xxxxx 00 SECTION 11. REQUIRED MINIMUM DISTRIBUTIONS 18 11.01 Distribution Requirements 18 11.02 Establishment of Former Spouse Account 18 11.03 Required Minimum Distributions 18 11.04 Distributions after the Owner’s Death 19 SECTION 12. ANNUITY PAYMENT OPTIONS 19 12.01 Overview 19 12.02 Annuity Payment Options 20 12.03 Proof of Age and Survival 20 SECTION 13. CONTRACT CHARGES AND OTHER FEES 20 13.01 Guarantee Benefit Fee 20 13.02 Variable Asset Charge 21 13.03 Contract Maintenance Charge 21 13.04 Covered Fund Expenses 21 13.05 Deductions for Premium Taxes and Other Taxes 21 13.06 Service Charges and Fees 21 [13.07 Grace Period 21 SECTION 14. GENERAL PROVISIONS 21 14.01 Contract 21 14.02 Entire Contract 22 14.03 Incontestability 22 14.04 Contract Modification 22 14.05 Non-Participating 22 14.06 Currency and Contributions 22 14.07 Notices or Other Communications 22 14.08 Disclaimer 22 14.09 Representations 22 14.10 Misstatement of Age or Death 23 14.11 Non-Waiver 23 14.12 Information 23 14.13 Reports 23
