Death payment definition

Death payment means the amount payable upon the death of a member pursuant to Section 23801, 23851, or 23880.
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Examples of Death payment in a sentence

  • If such termination is due to the Executive's Death, payment shall be made in one lump sum to the Executive's Designate.

  • Upon a Participant's Retirement or Death, payment of benefits under this Plan shall, unless the Participant otherwise elects (in accordance with Section 9.3), commence no later than 6 months after the close of the Plan Year in which occurs the date of the Participant's Retirement or death.

  • Upon a Participant’s Retirement or Death, payment of benefits under this Plan shall, unless the Participant otherwise elects (in accordance with Section 9.3), commence no later than 6 months after the close of the Plan Year in which occurs the date of the Participant’s Retirement or death.

  • Notwithstanding any election by a Participant pursuant to Section 4.2, in the case of any Participant who incurs a Termination from Service during a Plan Year for any reason other than Retirement or Death, payment of the Participant's Account shall be made in a single sum payment (regardless of the form otherwise elected by the Participant) on or before January 31 of the calendar year following the effective date of such Termination from Service.

  • We will pay the proceeds based upon the date We receive the Due Proof of Death, payment instructions and the applicable tax identification information of the person(s) or entity(ies) receiving the proceeds.

  • If such termination is due to the Executive's Death, payment shall be made in one lump sum to the Management Company.

  • If such termination is due to the Executive’s Death, payment shall be made in one lump sum to the Executive’s Designate.

  • In the event of my death while I am employed by BPSA, and before I reach retirement age, the Personal Accidental Death payment due from BPSA should bepaid to the following person/s: Surname First name Sex IMPORTANT: Your Accidental Death Cover is NOT governed by the Pension Funds Act, so the payment will be made exactly as you have asked in the table above (or in Section B).

  • Roles and responsibilities When it comes to applying for a Death payment, a number of parties have a role to play in the claim process.

Related to Death payment

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Damage Payment means the dollar amount equal to the amount initially posted as Project Development Security pursuant to Section 8.4(a).

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Cash Payment has the meaning set forth in Section 2.02(a).

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Delta Payment means as it is described in this Agreement.

  • Net Death Proceeds means the total death proceeds of the Policy minus the cash surrender value.

  • Contingent Payment shall have the meaning set forth in Section 2.2(a).

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Individual Settlement Payment means the amount payable from the Net

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • PRE-PAYMENT The Tenant shall: (check one)

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Debit Payment means a particular transaction where a debit is made.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.