Settlement Options. The amount of any valid life insurance or accidental death and dismemberment insurance claim for death shall be paid in one sum or in a fixed number of monthly or yearly instalments for each $1,000.00 in accordance with the settlement options made available by the Insurer. In the event that provision for payment of such a claim by instalments has not been made by the employee prior to his/her death, then such provision may be designated by the beneficiary last named by the employee.
Settlement Options. 12 Option 1: Life Annuity ......................................................................................................... 12 Option 2: Life Annuity with Guaranteed Period .................................................................. 12 Option 3: Installment Refund Life Annuity .......................................................................... 12 Option 4: Joint and Last Survivor Annuity .......................................................................... 12 Option 5:
Settlement Options. A lump sum payment of any amount payable under one or several Life Insurance benefits provided under this policy, may, at the request of the Insured Employee or of the Beneficiary, be replaced by a method of payment mutually agreed upon by the Insured Employee or the Beneficiary and the Insurer such as a deposit bearing interest, guaranteed annuity, immediate or deferred life annuity.
Settlement Options. 14 Suicide................................2 Surrender..............................8
Settlement Options. Conditions Benefit Payments
Settlement Options. Except as provided in Section 1.4.8 of this Appendix, the order may not require the Plan to provide any type or form of benefits or any option not otherwise provided under the Plan.
Settlement Options. Payee Defined.--In these provisions and under the Automatic Mode of Settlement, the word Payee means a person who has a right to receive a settlement under the contract. Such a person may be the Insured, the owner, a beneficiary, or a contingent payee. Choosing an Option.--While the Insured is living you may choose, or change the choice of, an option for all or part of the proceeds that may arise from the Insured's death. The requirements are the same as those to designate or change a beneficiary. We describe them under Beneficiary. A payee may choose an option for all or part of any proceeds or residue that becomes payable to him or her in one sum. We describe residue later on this page. In some cases, you or another Payee will need our consent to choose an option. We describe these cases under conditions. Options Described.--Here are the options we offer. We may also consent to other arrangements.
Settlement Options. 24 SCHEDULE Contract No.: Owner: Issue Date: Insured: Contract Date: Issue Age/Sex: Initial Purchase Payment $ Risk Class: Initial Insurance Amount: $ This Schedule sets forth additional information that relates to the provisions in this Contract with the corresponding headings. MAKING PURCHASE PAYMENTS Additional purchase payments may be made at any time and in any amount necessary to avoid termination of this Contract. Other additional purchase payments may be made at any time after the [first] Contract Anniversary, subject to the following conditions:
Settlement Options. At our discretion, your loss will be settled at replacement cost value with no deduction for depreciation, less the deductible listed on your Policy Declarations page.
Settlement Options. Pursuant to promissory notes (the "Settlement Notes") issued in accordance with the "Settlement Agreement" (as defined in Section 2.2 hereof), two individuals each have an option to acquire 100,000 shares of Company Common Stock by reducing the principal amount of the Settlement Notes. The Company shall pay the holders of the Settlements Notes all amounts outstanding under the Settlement Notes prior to the Effective Time of the Merger. As a result, no obligation to issue capital stock or otherwise will exist after the Effective Time of the Merger pursuant to the Settlement Notes.
