Common use of Transition Survivor Income Benefit Clause in Contracts

Transition Survivor Income Benefit. a) The Company agrees to provide Transition Survivor Income Benefits Insurance for a period of up to a maximum of twenty-four (24) months in the amount of $500.00 per month payable to the eligible survivor of an employee who dies on or after July 29, 1998; except that $525.00 per month effective July 29, 1998 will be payable in any month in which; i) an eligible Class A survivor has a dependent child as defined in sub section (c) of this section, or ii) an eligible Class B survivor survives both parents. Such insurance shall also be provided for an employee who is retired under any Pension Plan of the Company due to total and permanent disability, but only until he/she has attained age 65. No other retired employee shall be insured hereunder. b) In the event of death of an insured employee from any cause, benefits shall be payable monthly commencing on the first day of the calendar month following the death of the employee and on the first day of each month thereafter or until twenty-four (24) such payments have been made or until there are no eligible survivors in any Class of eligible survivors, whichever should first occur. In no event will the maximum amount payable, on account of the death of an employee exceed the amounts covered in (a) above. Payments shall be made to the eligible survivor or in equal shares to the eligible survivors in the first of the classes of survivors set forth in sub-section (c) herein which there is an eligible survivor or survivors. c) The classes of eligible survivors and the order of qualifying for benefit are as follows: Class A: The partner of a deceased employee Class B: Any child of the deceased employee, who at the time a transition survivor income benefit first becomes payable to him/her is both unmarried and either (i) under 25 years of age, or (ii) totally and permanently disabled at any age over 25; provided, however, that a child must have been legally residing with and dependent upon the employee at the time of his/her death. A child shall cease to be a Class B eligible survivor upon marriage, or if not totally and permanently disabled, upon reaching his/her 25th birthday.

Transition Survivor Income Benefit. a) The Company agrees to provide Transition Survivor Income Benefits Insurance for a period of up to a maximum of twenty-four (24) months in the amount of $500.00 per month payable to the eligible survivor of an employee who dies on or after July 29, 1998; except that $525.00 per month effective July 29, 1998 will be payable in any month in which; i) an eligible Class A survivor has a dependent child as defined in sub section (c) of this section, or ii) an eligible Class B survivor survives both parents. Such insurance shall also be provided for an employee who is retired under any Pension Plan of the Company due to total and permanent disability, but only until he/she has attained age 65. No other retired employee shall be insured hereunder. b) In the event of death of an insured employee from any cause, benefits shall be payable monthly commencing on the first day of the calendar month following the death of the employee and on the first day of each month thereafter or until twenty-twenty- four (24) such payments have been made or until there are no eligible survivors in any Class of eligible survivors, whichever should first occur. In no event will the maximum amount payable, on account of the death of an employee exceed the amounts covered in (a) above. Payments shall be made to the eligible survivor or in equal shares to the eligible survivors in the first of the classes of survivors set forth in sub-section (c) herein which there is an eligible survivor or survivors. c) The classes of eligible survivors and the order of qualifying for benefit are as follows: : Class A: The partner of a deceased employee Class B: Any child of the deceased employee, who at the time a transition survivor income benefit first becomes payable to him/her is both unmarried and either either (i) under 25 years of age, or (ii) totally and permanently disabled at any age over 25; provided, however, that a child must have been legally residing with and dependent upon the employee at the time of his/her death. A child shall cease to be a Class B eligible survivor upon marriage, or if not totally and permanently disabled, upon reaching his/her 25th birthday.

Transition Survivor Income Benefit. a) The Company agrees to provide Transition Survivor Income Benefits Insurance for a period of up to a maximum of twenty-four (24) months in the amount of $500.00 per month payable to the eligible survivor of an employee who dies on or after July 29, 1998; except that $525.00 per month effective July 29, 1998 will be payable in any month in which; i) an eligible Class A survivor has a dependent child as defined in sub section (c) of this section, or ii) an eligible Class B survivor survives both parents. Such insurance shall also be provided for an employee who is retired under any Pension Plan of the Company due to total and permanent disability, but only until he/she has attained age 65. No other retired employee shall be insured hereunder. b) In the event of death of an insured employee from any cause, benefits shall be payable monthly commencing on the first day of the calendar month following the death of the employee and on the first day of each month thereafter or until twenty-four (24) such payments have been made or until there are no eligible survivors in any Class of eligible survivors, whichever should first occur. In no event will the maximum amount payable, on account of the death of an employee exceed the amounts covered in (a) above. Payments shall be made to the eligible survivor or in equal shares to the eligible survivors in the first of the classes of survivors set forth in sub-section (c) herein which there is an eligible survivor or survivors. c) The classes of eligible survivors and the order of qualifying for benefit are as follows: Class A: The partner of a deceased employee Class B: Any child of the deceased employee, who at the time a transition survivor income benefit first becomes payable to him/her is both unmarried and either (i) under 25 years of age, or (ii) totally and permanently disabled at any age over 25; provided, however, that a child must have been legally residing with and dependent upon the employee at the time of his/her death. A child shall cease to be a Class B eligible survivor upon marriage, or if not totally and permanently disabled, upon reaching his/her 25th birthday.or

Transition Survivor Income Benefit. a) The Company agrees to provide Transition Survivor Income Benefits Insurance for a period of up to a maximum of twenty-four (24) months in the amount of $500.00 per month payable to the eligible survivor of an employee who dies on or after July 29, 1998; except that $525.00 per month effective July 29, 1998 will be payable in any month in which; i) an eligible Class A survivor has a dependent child as defined in sub section (c) of this section, or ii) an eligible Class B survivor survives both parents. Such insurance shall also be provided for an employee who is retired under any Pension Plan of the Company due to total and permanent disability, but only until he/she has attained age 65. No other retired employee shall be insured hereunder. b) In the event of death of an insured employee from any cause, benefits shall be payable monthly commencing on the first day of the calendar month following the death of the employee and on the first day of each month thereafter or until twenty-four (24) such payments have been made or until there are no eligible survivors in any Class of eligible survivors, whichever should first occur. In no event will the maximum amount payable, on account of the death of an employee exceed the amounts covered in (a) above. Payments shall be made to the eligible survivor or in equal shares to the eligible survivors in the first of the classes of survivors set forth in sub-section (c) herein which there is an eligible survivor or survivors. c) The classes of eligible survivors and the order of qualifying for benefit are as follows: : Class A: The partner of a deceased employee Class B: Any child of the deceased employee, who at the time a transition survivor income benefit first becomes payable to him/her is both unmarried and either either (i) under 25 years of age, or (ii) totally and permanently disabled at any age over 25; provided, however, that a child must have been legally residing with and dependent upon the employee at the time of his/her death. A child shall cease to be a Class B eligible survivor upon marriage, or if not totally and permanently disabled, upon reaching his/her 25th birthday.