SURVIVOR BENEFIT IN CASE OF DEATH PRIOR TO COMMENCEMENT OF BENEFITS Sample Clauses

SURVIVOR BENEFIT IN CASE OF DEATH PRIOR TO COMMENCEMENT OF BENEFITS. If the Employee dies on or after January 1, 1996, but prior to commencement of benefits, his spouse shall be entitled to receive payment of the Supplement (as calculated in paragraph 3(a)) as a pre-retirement surviving spouse annuity as defined in the Retirement Plan (currently defined at a 50% Contingent Annuity) for her life, commencing on the Employee's death. The amount of the benefit shall be calculated by the application of the actuarial factors used by the Retirement Plan for calculating the surviving spouse annuity as of the date of the Employee's death. The Employee's Spouse shall also be entitled to payment of such retirement benefits (as defined in paragraph 2), if any, as provided under the terms of the Retirement Program.
Sample 1
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SURVIVOR BENEFIT IN CASE OF DEATH PRIOR TO COMMENCEMENT OF BENEFITS. If the Executive dies after the date of this Agreement but prior to commencement of benefits, and at the time of his death he would have been entitled to a Supplemental Retirement Benefit under this Agreement in the event of his involuntary termination, then his spouse shall be entitled to receive a "Pre-Retirement Surviving Spouse Annuity" as provided in the Retirement Plan (currently defined as a 50% Contingent Annuity) for her life. The amount of the Pre-Retirement Surviving Spouse Annuity payable under this Agreement shall equal the amount that would have been paid to the Executive under this Agreement as a single-life annuity, assuming he was involuntarily terminated immediately prior to his date of death, reduced by the Retirement Plan's actuarial adjustments necessary to express the single-life annuity as a 50% contingent annuity option. Payment of this benefit shall commence on the date the Supplemental Retirement would have commenced to the Executive if he had involuntarily terminated immediately prior to his death.
Sample 1
SURVIVOR BENEFIT IN CASE OF DEATH PRIOR TO COMMENCEMENT OF BENEFITS. If the employee dies after the date of this Agreement but prior to commencement of benefits, and at the time of his death he is otherwise entitled to a Supplemental Retirement Benefit under this Agreement, then his spouse shall be entitled to receive a "Pre-Retirement Surviving Spouse Annuity" as provided in the Retirement Plan (currently defined as a 50% Contingent Annuity) for her life, 3 commencing on the Employee's death. The amount of the Pre-Retirement Surviving Spouse Annuity payable under this Agreement shall equal (1) the amount that would have been paid to the Employee under this Agreement as a single-life annuity, assuming he was involuntarily terminated immediately prior to his date of death, less (2) the Retirement Plan's actuarial adjustments necessary to express the single-life annuity as a 50% contingent annuity option.
Sample 1
SURVIVOR BENEFIT IN CASE OF DEATH PRIOR TO COMMENCEMENT OF BENEFITS. If the Executive dies after the date of this Agreement but prior to commencement of benefits, and at the time of his death he would have been entitled to a Supplemental Retirement Benefit under this Agreement in the event of his involuntary termination (other than Termination for Cause), then his spouse shall be entitled to receive a "Pre-Retirement Surviving Spouse Annuity" as provided in the Retirement Plan (currently defined as a 50% Contingent Annuity) for her life. The amount of the Pre-Retirement Surviving Spouse Annuity payable under this Agreement shall equal the amount that would have been paid to the Executive under this Agreement as a single-life annuity, assuming he was involuntarily terminated (other than Termination for Cause) immediately prior to his date of death, reduced by the Retirement Plan's actuarial adjustments necessary to express the single-life annuity as a 50% contingent annuity option. Payment of this benefit shall commence on the date the Supplemental Retirement would have commenced to the Executive if he had involuntarily terminated (other than Termination for Cause) immediately prior to his death.
Sample 1

Related to SURVIVOR BENEFIT IN CASE OF DEATH PRIOR TO COMMENCEMENT OF BENEFITS

  • Commencement of Benefits The benefits commence six (6) months from the date that disability began, which shall include the period of payment under the terms of the Short Term Income Protection Plan. Proof of disability must be submitted within six (6) months following the Qualifying Period.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree. 2. A surviving eligible retiree who qualifies for a monthly retirement allowance who was married to a retiree who was also eligible for a Grant shall receive the survivor benefit described in D.1., above, or his or her own Grant, whichever is greater. Such retiree shall not be eligible for both Grants.

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • Payment of Benefits All or part of the contract benefits may be paid under one or more of the following: - a variable payment plan; - a fixed payment plan; or - in cash. The provisions and rate for variable and fixed payment plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.3.

  • Duration of Benefits Eligibility for Income Protection benefits will cease upon the earliest of the following dates: 1.09.01 the date the member is no longer disabled from performing the duties of their regular position, or any alternative employment made available to the member by the City. 1.09.02 the date the member's Income Protection benefits have been expended. 1.09.03 the date the member dies.

  • Cessation of Benefits An employee shall cease to be eligible for benefits of this Plan at the earliest of the following dates: (a) at the end of the month in which the employee reaches his/her sixty-fifth (65th) birthday; (b) on the date of commencement of paid absence prior to retirement; (c) on the date of termination of employment with the Employer. Benefits will not be paid when an employee is serving a prison sentence. Cessation of active employment as a regular employee shall be considered termination of employment except when an employee is on authorized leave of absence with or without pay.

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • PAYMENT OF DEATH BENEFIT The Company will require due proof of death before any death benefit is paid. Due proof of death will be:

  • Death Benefits Upon the Executive’s death during the Contract Period, the Executive’s estate shall not be entitled to any further benefits under this Agreement.

  • Payment of Benefit The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.

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