Sum Payable at Death Sample Clauses

Sum Payable at Death. (Before Annuity Payments Start):
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Sum Payable at Death. (Before Annuity Payments Start): The Company will pay the Current Value to the beneficiary (see 8.07) if:
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Sum Payable at Death. If you die, any benefits due are payable as specified by the Plan. The program provides a death benefit, payable to the beneficiary named under the Plan .Your employer is the beneficiary, but may direct that we make any payments to the beneficiary you name under the plan (plan beneficiary). REQUIRED PAYMENTS Distributions for all participants must begin in the form of periodic benefit payments no later than the April 1 following the calendar year in which you turn age 70½, or retire, whichever occurs later, or be made in a lump sum by the same date. The Plan will specify how the distribution is to be paid. Restriction on Plan Sponsor- Initiated Withdrawals from the ING Stable Value Fund: Unless otherwise permitted by the ING Stable Value Fund, plan sponsor initiated transfers and withdrawals may not be made sooner than twelve (12) months from the date ING receives written notice of the request for withdrawal. If this provision is invoked, access to balances in the ING Stable Value Fund may be delayed. DISTRIBUTION OPTIONS
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Sum Payable at Death. (Before Annuity Payments Start): The Current Value payable under the terms of this section will be reduced by the amount of the accrued interest on any outstanding loan. Aetna will pay the Current Value to the beneficiary if:
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Sum Payable at Death. (Before Annuity Payments Start): The Company will pay the Current Value to the Beneficiary when: IRA-CDA-03(NY) 11
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Sum Payable at Death. Upon receipt of proof of the death of a Participant prior to the Annuity Commencement Date, Aetna agrees to pay certain Contract values to the beneficiary. If this is an Allocated Contract pursuant to Section 2.04, the payment at death will be the sum of the Participant's Individual Account. If this is an Unallocated Contract pursuant to Section 2.05, the payment at death will be his vested accrued benefit being held under this Contract. Any payment by reason of death may be taken in a lump sum or under any settlement options available in individual annuities then being issued by Aetna.
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Sum Payable at Death. If the payee of the death proceeds is your (Before Annuity Payments surviving spouse (as your designated Start) (Cont'd): beneficiary), the first Annuity payment or the lump sum payment may be deferred to a date not later than when you would have attained age 70 1/2 or such later date as may be allowed under federal law or regulations. If the beneficiary is not the surviving spouse, all of the Current Value must either be applied to an Annuity Option within one year of your death or be paid to the payee within 5 years of your death (see Part IV). In no event may any payments to the beneficiary under an Annuity Option extend beyond:
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Sum Payable at Death. (Before Annuity Payments Start) Aetna will pay to the beneficiary the value of the Individual Account in the case of a Defined Contribution Plan (see section 3.02), or the Participant's accrued benefit under the Plan in the case of a Defined Benefit Plan (see section 3.03), if:
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Related to Sum Payable at Death

  • Distribution at Death If the Executive dies prior to the payment of his or her Distributable Balance, the Executive’s Distributable Balance immediately shall become payable in full to the Executive’s Designated Beneficiary (as determined under paragraph 4) (irrespective of the payment date elected by the Executive in paragraph 3(b)). Payment shall be made at the time determined by the Company within sixty (60) days following the Executive’s death.

  • Termination Due to Death In the event that the Executive’s employment is terminated due to his death, his estate or his beneficiaries, as the case may be, shall be entitled to the following benefits:

  • Termination Due to Death or Disability Executive’s employment shall terminate automatically upon Executive’s death. The Company may terminate Executive’s employment immediately upon the occurrence of a Disability, such termination to be effective upon Executive’s receipt of written notice of such termination. Upon Executive’s death or in the event that Executive’s employment is terminated due to Executive’s Disability, Executive or Executive’s estate or Executive’s beneficiaries, as the case may be, shall be entitled to:

  • Termination for Retirement or Death If Executive’s employment is terminated by reason of his retirement or death following a Change in Control, Executive’s benefits shall be determined in accordance with Company’s retirement, survivor’s benefits, insurance, and other applicable programs then in effect, and Executive shall not be entitled to any other benefits provided by this Agreement.

  • Termination Due to Death or Permanent Disability If the Employment Period shall be terminated due to death or Permanent Disability of the Executive, the Executive (or his estate or legal representative) shall be entitled solely to the following: (a) Base Salary through the Date of Termination (paid on the Companies’ normal payroll date), and (b) medical benefits as provided in Section 5.05 below. The Executive’s entitlements under any other benefit plan or program shall be as determined thereunder. In addition, promptly following any such termination, the Executive (or his estate or legal representative) shall be reimbursed for all Reimbursable Expenses incurred by the Executive prior to such termination in accordance with Section 4.04 and Section 13.14 herein.

  • Termination Due to Disability or Death This Agreement shall terminate automatically upon the appointee’s death. If the appointee is unable to perform his/her essential job functions with or without reasonable accommodation, the University or appointee may terminate this Agreement.

  • Termination Due to Executive’s Death This Agreement will terminate automatically on the date the Executive dies. As of that date, and subject to Section 5.04[6], the Company will make the following payments to the person the Executive designates on the attached Beneficiary designation form or, with respect to any Equity Incentive, the beneficiary the Executive designates under the Stock Incentive Plan under which the award was issued (“Beneficiary”):

  • Termination of Employment Due to Death The Officer’s employment with the Bank shall terminate, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s death. In such event, the Bank shall pay and deliver to his estate and surviving dependents and beneficiaries, as applicable, the Standard Termination Entitlements.

  • Termination Due to Disability If the Optionee’s employment terminates by reason of the Optionee’s disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 12 months from the date of termination or until the Expiration Date, if earlier.

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