Survivorship Benefits. (a) Prior to commencement of normal retirement benefits. If a Participant dies while in the service of the Company or after a Termination of Employment due to Disability and while disabled, but prior to commencement of any benefit payments under this Agreement, the Company shall pay to the Participant's beneficiary a survivor's benefit of 204 equal monthly installments of $3,333 each commencing on the first day of the month after the Participant's death and continuing on the first day of each month thereafter until all such payments are completed. In the event a beneficiary dies before receiving all the survivor's benefit payments, the remaining payments shall be paid to the legal representative of the beneficiary's estate. Payment of the survivor's benefit shall relieve the Company of the obligation to pay any other benefit which the Participant would have otherwise received, under the terms of this Agreement.
Survivorship Benefits. (a) Upon the death of a member who has participated in the Retirement Fund for a period of not less than six (6) months or who had been retired by reason of age and service, or by reason of disability, there shall be paid to or on account of his surviving child or children under eighteen years of age, and to his widow or widower, monthly benefits consistent with the following table: MONTHLY BENEFIT Widow Or Widow Or Widower In the event that payments are made pursuant to this Section to surviving children under eighteen years of age who are represented by more than one legal guardian, such payments shall be apportioned among such guardians in proportion to the number of children represented by each guardian, respectively.
Survivorship Benefits. (a) Upon the death of a member who has participated in the Retirement Fund for a period of not less than six (6) months or who had been retired by reason of age and service, or by reason of disability, there shall be paid to or on account of his surviving child or children under eighteen years of age, and to his widow or widower, monthly benefits consistent with the following table: Monthly Benefit Widow or Three Widow or Widow or Widower +2 Or Average Widower Widower or more One Two More $2,400 $130 $200 $200 $70 $140 $200 3,000 140 225 250 85 170 250 3,600 150 250 300 100 200 300 4,200 160 270 320 110 220 320 4,000 000 000 340 120 240 340 5,400 180 310 360 130 260 360 6,000 190 330 380 140 280 380 6,600 195 345 400 150 300 400 7,000 000 000 420 160 320 420 7,800 200 370 440 170 340 440 8,400 200 375 460 175 350 460 9,000 200 380 480 180 360 480 9,600 205 390 500 185 370 500 10,200 210 400 525 190 380 525 10,800 215 410 550 195 390 550 11,400 220 420 575 200 400 575 12,000 225 430 600 205 410 600 12,600 230 440 625 210 420 625 13,200 235 450 650 215 430 650 13,800 240 460 675 220 440 675 14,000 000 000 700 225 450 700 15,000 250 480 725 230 460 725 15,600 255 490 750 235 470 750 16,200 260 500 775 240 480 775 16,800 265 510 800 245 490 800 In the event that payments are made pursuant to this Section to surviving children under eighteen years of age who are represented by more than one legal guardian, such payments shall be apportioned among such guardians in proportion to the number of children represented by each guardian, respectively.
Survivorship Benefits. 8 (a) PRIOR TO COMMENCEMENT OF NORMAL OR EARLY RETIREMENT BENEFITS. . . . . . . . . . . . . . . . . 8 (b)
Survivorship Benefits. (a) Upon (i) the death of a Participant who has become vested in his Accrued Benefit, as provided in Section 4 of the Plan, (ii) the death of a Participant who has attained normal retirement age as specified in Subdivision (a) of Subsection 5(2), or (iii) the death of a former Participant who had attained age 60 and rendered 15 or more years of Creditable Service prior to the date he ceased to be a Participant (but who was not receiving at the time of his death any retirement allowance), there shall be payable to the Participant's or former Participant's spouse, if any, a spouse's allowance defined in Subsection 5(4)(d) below.
(b) Unless an optional form of benefit is selected within the election period pursuant to a qualified election, upon the death of a former Participant who had become vested in his Accrued Benefit, as provided in Section 4 of the Plan, there shall be payable to the former Participant's spouse, if any, a spouse's allowance as prescribed in Subsection 5(4)(e) below.
(c) The spouse's allowance shall commence as the first day of the calendar month following the month in which the Participant or former Participant died or would have been age 60, whichever is the later, except that the Committee may, under rules uniformly applicable to all Participants and former Participants similarly situated, direct payment commencing on the first day of any earlier calendar month after the Participant's or former Participant's death.
(d) If the Committee does not direct early commencement of payment, the spouse's allowance shall be the greater of (i) an allowance for the life of the spouse, payable monthly, which is equal to 20 percent of the Participant's or former Participant's annual rate of compensation at the time of his death or earlier termination of employment, or (ii) an allowance equal to the allowance the spouse would have received if the Participant or former Participant had retired or terminated his service on the date of his death and elected to receive, based on his Average Final Compensation, years of Creditable Service and age at such date, the maximum retirement allowance payable to him under Subsections 5(1) and 5(2), commencing at the earliest possible date and continuing after his death in the same monthly amount during the life of his
Survivorship Benefits. Upon the death of a member who has participated in the Retirement Fund for a period of not less than six (6) months or who had been retired by reason of age and service, or by reason of disability, there shall be paid to or on account of his surviving child or children under eighteen years of age, and to his widow or widower, monthly benefits consistent with the following table:
Survivorship Benefits. (A) Upon the death of a member who has participated in the Retirement Fund for a period of not less than six (6) months or who had been retired by reason of age and service, or by reason of disability, there shall be paid to or on account of his surviving child or children under eighteen years of age, and to his widow or widower, monthly benefits consistent with the following table: Average Annual Pay Widow or Widower Only Widow or Widower +1 Child Widow or Widower +2 or more children One Child Two Childre n Three or More Children In the event that payments are made pursuant to this Section to surviving children under eighteen years of age who are represented by more than one legal guardian, such payments shall be apportioned among such guardians in proportion to the number of children represented by each guardian, respectively.
Survivorship Benefits. In the event of the Employee's death, the Company shall cause the Trustee to begin to pay the monthly normal benefit payments (or the then remaining unpaid payments) to his beneficiary; in the installments provided in Paragraph 3.1, above.
Survivorship Benefits. The Village agrees to continue to make a “survivorship” benefit available to an eligible employee’s surviving spouse and dependent children as defined by the participating health insurance plan document, provided all of the following eligibility requirements are met:
1. The employee was actively employed with the Village at the time of death; and
2. The employee completed twenty (20) years of continuous full time service with the Village prior to the date of death.
3. The employee’s surviving spouse and/or dependent children shall be responsible for paying the employee’s applicable share of the health insurance premiums at the same rate in effect at the time of the employee’s death. If the surviving spouse gets remarried or is offered major medical health insurance through another employer, such survivorship benefits shall terminate.
Survivorship Benefits. (1) If Participant dies while employed by the Company, prior to Commencement of Retirement Benefits; after Termination of Employment due to Disability; or after Termination of Employment on or after Early Retirement Date but prior to commencement of benefits, the Company shall pay, as a Survivor’s benefit, a minimum of $20,000 per year, payable in monthly installments commencing on the first day of the month next following the date of Participant’s death and continuing thereafter for a period of ten years until 120 total payments are made. In the event the named beneficiary dies before receiving all benefit payments, the remainder shall be paid to the legal representative of the beneficiary’s estate. Payment of a survivor’s benefit hereunder shall relieve the Company of any obligation to pay any other benefit with Participant might otherwise have received under this Agreement.
(2) If Participant dies after payments have commenced, but prior to receving the full amount of payments due hereunder, the Company shall pay the remainder to Participant’s beneficiary. In the event the named beneficiary dies before receiving all benefit payments, the remainder shall be paid to the legal representative of the beneficiary’s estate.
