Common use of Post-Retirement Death Benefit Clause in Contracts

Post-Retirement Death Benefit. The Participant’s annual SERP Benefit shall be payable for a minimum period of fifteen (15) years. In the event that the Participant dies during the minimum fifteen (15) year SERP Benefit payment period, the Participant’s Beneficiary, as designated pursuant to this Participation Agreement, will continue to receive such payments until the minimum benefits are fully paid.

Post-Retirement Death Benefit. The Participant’s annual SERP Benefit shall be payable for a minimum period of fifteen twenty (1520) years. In the event that the Participant dies during the minimum fifteen twenty (1520) year SERP Benefit payment period, the Participant’s Beneficiary, as designated pursuant to this Participation Agreement, will continue to receive such a lump sum payment equal to the sum of the remaining payments until that would otherwise be payable in annual installments under the minimum benefits are fully paidPlan.

Post-Retirement Death Benefit. The Participant’s annual 's SERP Benefit shall be payable for a minimum period of fifteen (15) years. In the event that the Participant dies during the minimum fifteen (15) year SERP Benefit payment distribution period, the Participant’s 's Beneficiary, as designated pursuant to this Participation Agreement, will continue to receive such payments until the minimum benefits are fully paidpresent value of the remaining SERP Benefit distributions in a lump sum.

Post-Retirement Death Benefit. The Participant’s 's annual SERP Benefit shall be payable for a minimum period of fifteen (15) years. In the event that the Participant dies during the minimum fifteen (15) year SERP Benefit payment period, the Participant’s 's Beneficiary, as designated pursuant to this Participation Agreement, will continue to receive such payments until the minimum benefits are fully paid.