Common use of PRE-COMMENCEMENT DEATH BENEFIT Clause in Contracts

PRE-COMMENCEMENT DEATH BENEFIT. If a Participant dies prior to the commencement of his or her Separation from Service payment then the Company shall pay the Participant’s vested Account Balance as a Pre-Commencement Death Benefit to such Participant's Beneficiary subject to the terms and conditions of this Plan and the Adoption Agreement.

Appears in 4 contracts

Samples: Adoption Agreement (AVITA Medical, Inc.), Deferred Compensation Plan (Beacon Roofing Supply Inc), Deferred Compensation Plan (Mission Produce, Inc.)

AutoNDA by SimpleDocs

PRE-COMMENCEMENT DEATH BENEFIT. If a Participant dies prior to the commencement of his or her Separation from Service payment payment, then the Company shall pay the Participant’s vested Account Balance as a Pre-Commencement Death Benefit to such Participant's Beneficiary ’s Beneficiary, such payments to be made in accordance with Section 6.7, subject to the terms and conditions of this Plan and as specified in the Adoption Agreement.

Appears in 1 contract

Samples: Adoption Agreement (Innovative Industrial Properties Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!