Preretirement Death Benefit. If the Executive dies while eligible for a retirement benefit under paragraph (d) of this Section 3 and prior to his retirement and/or the payment of such retirement benefit, the Executive's surviving spouse shall be entitled to receive a supplemental preretirement survivor benefit equal to the difference between (i) the monthly amount of retirement income to which the deceased Executive's spouse would have been entitled under the Qualified Plan if the Executive had retired on the day prior to his death having elected a 100% joint and survivor annuity option and if such benefit were calculated under the Qualified Plan without giving effect to the compensation limit under section 401(a)(17) of the Code or the limitations imposed by the application of section 415 of the Code, and assuming that the benefit described in Section 4.01(d) of the Qualified Plan continued to apply on and after January 1, 1989 notwithstanding the provisions of section 401(a)(4) of the Code, and (ii) the monthly amount of retirement income to which the deceased Executive's spouse is entitled under the Qualified Plan based on his compensation up to the said compensation limit and based on the limitations imposed by the application of section 415 of the Code, and the limitations imposed by the application of section 401(a)(4) of the Code to Section 4.01(d) of the Qualified Plan. Such supplemental preretirement survivor benefit shall be paid to such surviving spouse in cash by Parent or the Company, to the extent not so paid by the Trustee, as an "Actuarial Equivalent" single lump sum, as above defined, as soon as practicable following the Executive's death.
Preretirement Death Benefit. Upon the death of the Executive while in service to the Employer, the Employer shall pay to the Executive’s Beneficiary the benefit described in this Section 3.4 in lieu of any other benefit under this Agreement.
(a) The present value of benefit under this Section 3.4 is the Account Balance as of the date of Executive’s death (the “Preretirement Death Benefit”).
(b) The Employer shall pay the Preretirement Death Benefit to the Executive’s Beneficiary in one hundred eighty (180) equal monthly installments beginning on the first day of the month following submission of proof of claim substantiating the Executive’s death.
Preretirement Death Benefit. Upon the death of the Executive while in service to the Employer, the Employer shall pay to the Executive’s Beneficiary at Beneficiary’s election as set forth in the Beneficiary Designation Form (as it may be amended from time to time) either (a) a lump sum payment representing the net present value of the amount that represents what Executive would have received under Section 3.1(a) in one hundred eighty (180) installments if the Executive had become entitled to receive Normal Retirement Benefits upon the date of his death (with the Beneficiary having no right to designate the taxable year of the payment) or (b) one hundred eighty (180) monthly payments, each in amount as calculated as in Section 3.1(a) above. Net present value for purposes of clause (a) shall be determined by applying a discount rate determined by the Plan Administrator in good faith. Consistent with Section 409A, a change in such election that has been effective prior to death for less than twelve (12) months will not be recognized as a changed election. In the event of death, the Executive shall be deemed to be fully vested irrespective of the vesting schedule provided for in Section 3.1(b).
Preretirement Death Benefit. If the Plan is an Uninsured Plan, the preretirement death benefit shall be [select one] _____ the Qualified Preretirement Survivor Annuity. _____ the Participant's vested Accrued Benefit.
Preretirement Death Benefit a. If the Employee dies during the period of his active employment, or during a disability as defined under Section 3 of this Agreement, payments shall be made as provided in the attached "Schedule A", made a part hereof.
b. Such payments shall be made by the Corporation to such person(s) as the Employee shall designate in writing prior to his death. The Employee shall have the right to change the designated recipient(s) of these payments by presenting a written amendment to the Corporation prior to his death in a form as provided in "Schedule B", attached hereto and made a part hereof.
c. If the Employee's spouse is the designated beneficiary of these payments, and the spouse shall begin receiving payment but dies prior to receiving all payments, the balance of the payments shall be paid to the spouse's estate. In the event the Employee shall fail to designate a recipient prior to his death, the payments shall be made to the Employee's surviving spouse as provided above, if alive; otherwise to the Personal Representative of the Employee's estate.
d. However, this benefit shall not be payable if the Employee's death results from suicide, whether sane or insane, within two years after the execution of this Agreement.
Preretirement Death Benefit. 4.1 A benefit shall be paid to the surviving spouse if Neun dies when the following conditions are met:
(a) Neun is employed by Tektronix or an Affiliate and is eligible for Retirement.
(b) Neun was legally married to the surviving spouse at death and was throughout the 12 months before death.
4.2 The spouse's death benefit shall be as follows:
(a) The amount shall be an annuity equal to the amount that would have been payable under this Agreement as the spouse's survivor annuity if Neun had commenced benefits under this Agreement in the form of a 50 percent joint and survivor annuity with his spouse the day before death and then died.
(b) The benefit shall be a single life annuity for the life of the spouse starting with the month following the date of Neun's death.
Preretirement Death Benefit. In the event of the death of an Active Participant prior to the commencement of benefit payments, the Participant's Accrued Benefit, reduced by any security interest held by the Plan by reason of a loan outstanding to such Participant upon death, shall be one hundred percent (100%) vested.
Preretirement Death Benefit. In the event of the Executive's termination of employment on account of his death, NAC Re and NAC agree to pay to the Executive's surviving spouse (unless she fails to survive him for at least five days, in which case payment shall be made to the Executive's estate) a death benefit equal to 100% of the cash lump sum payment the Executive would have been entitled to receive pursuant to Section 5(a) or 5(b) above, as the case may be, had the Executive's Retirement occurred on the day before his death and the Executive had immediately elected a cash lump sum payment in accordance with Section 5(d). Such death benefit shall be payable in a cash lump sum as soon as possible after the Executive's death.
Preretirement Death Benefit. If a Participant dies while employed by Employer, the balances in the Retirement/Termination Accounts and Scheduled Withdrawal Accounts, if any, shall be paid as soon as practicable to the Participant’s Beneficiary in the form elected by the Participant with respect to his Retirement/Termination Accounts. The Beneficiary shall be permitted to make investment elections and earnings shall continue to be credited pursuant to Article V after the Participant’s death.
Preretirement Death Benefit. If a married Participant dies before his or her Annuity Starting Date, then 50 percent of his or her vested Account balance will be used to provide an annuity for the life of the Participant's surviving spouse; PROVIDED, that in place of such annuity, the spouse may elect in writing to receive distributions under the Plan as if he or she had been designated by the Participant as his or her beneficiary with respect to 50 percent of the Participant's Accounts.
