Common use of Post-Retirement Death Benefit Clause in Contracts

Post-Retirement Death Benefit. If Employee dies after his Retirement Date, the Employee's estate (or his designated beneficiary) shall be entitled to receive the remaining unpaid vested portion of the Retirement Benefit. The remaining Retirement Benefit shall be paid to the Employee's estate (or his Designated Beneficiary) on the same basis as it was being paid to the Employee as of Employee's

Appears in 4 contracts

Samples: Deferred Compensation Plan (Nu Skin Enterprises Inc), Deferred Compensation Plan (Nu Skin Enterprises Inc), Deferred Compensation Plan (Nu Skin Enterprises Inc)

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Post-Retirement Death Benefit. If Employee dies after his Retirement Date, the Employee's ’s estate (or his designated beneficiary) shall be entitled to receive the remaining unpaid vested portion of the Retirement Benefit. The remaining Retirement Benefit shall be paid to the Employee's ’s estate (or his Designated Beneficiary) on the same basis as it was being paid to the Employee as of Employee's’s Retirement Date. The Company may, in its discretion, accelerate any payments due and may accelerate vesting of the benefits under the Plan.

Appears in 1 contract

Samples: Deferred Compensation Plan (Nu Skin Enterprises Inc)

Post-Retirement Death Benefit. If Employee dies after his Retirement Date, the Employee's ’s estate (or his designated beneficiary) shall be entitled to receive the remaining unpaid vested portion of the Retirement Benefit. The remaining Retirement Benefit shall be paid to the Employee's ’s estate (or his Designated Beneficiary) on the same basis as it was being paid to the Employee as of Employee's’s Retirement Date. The Company may, in its discretion, accelerate any payments due and may accelerate vesting of the benefits under the plan.

Appears in 1 contract

Samples: Deferred Compensation Plan (Nu Skin Enterprises Inc)

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Post-Retirement Death Benefit. If Employee dies after his Retirement Date, the Employee's ’s estate (or his designated beneficiary) shall be entitled to continue to receive the remaining unpaid vested portion of the Retirement Benefit. The remaining Retirement Benefit shall be paid amounts as determined pursuant to the Employee's estate (or his Designated Beneficiary) Section 10 on the same basis as it was being paid to the Employee as Employee. The Company may, in its discretion, accelerate any payments due and may accelerate vesting of Employee'sthe benefits under the plan.

Appears in 1 contract

Samples: Deferred Compensation Plan (Nu Skin Enterprises Inc)

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