Common use of Survivors Benefits Clause in Contracts

Survivors Benefits. If Executive is entitled to receive a Severance Retirement Benefit under Section 3(b) and Executive is survived by one or more Eligible Family Members (as such term is defined in the Retirement Plan as in effect immediately prior to the Change of Control), Sonat shall pay in cash to each such Eligible Family Member a monthly survivors' benefit (the "Severance Survivors' Benefit") in an amount equal to the excess of (i) over (ii), where