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Death Benefits
Death Benefits contract clause examples

Death Benefits. Unless a QDRO establishing a separate account for an Alternate Payee provides to the contrary, an Alternate Payee for whom a separate account is established shall have the right to designate a Beneficiary, in the same manner as provided in Section 8.05 with respect to a Participant (except that no Spousal consent shall be required), who shall receive benefits payable to an Alternate Payee which have not been distributed at the time of an Alternate Payee's death. Upon an Alternate Payee's death, a separate account shall be established for any such Beneficiary. If the Alternate Payee for whom a separate account is established does not designate a Beneficiary, or if the Beneficiary predeceases the Alternate Payee, benefits payable to the Alternate Payee that have not been distributed shall be paid to the Alternate Payee's estate.

Death Benefits. In the event of the Participant’s death after Separation from Service but prior to complete distribution of all Plan benefits, the Employer shall pay to the Participant’s Beneficiary, the Distributable Amount of each such Account in the form of a single lump sum on the Payment Date following the Participant’s death, unless the Participant has made an alternative benefit election on a timely basis pursuant to Section 3.3 to receive benefits at the same time and in the same form they would otherwise have been paid to the Participant. In the event of the Participant’s Separation from Service by reason of death, the Employer shall pay to the Participant’s Beneficiary, the Distributable Amount of each such Account in the form of a single lump sum on the Payment Date following the Participant’s death unless the Participant has made an alternative benefit election on a timely basis pursuant to Section 3.3 to receive pre-retirement benefits at the same time and in the same form they would otherwise have been paid to the Participant upon Retirement.

If a Participant dies before payment of his or her benefits from the Plan has been completed, the Beneficiary or Beneficiaries designated by such Participant in his or her latest beneficiary designation form filed with the Administrative Committee in accordance with the terms of [Section 11.6] will be entitled to receive a distribution of the total of the entire vested amount credited to such Participant’s Account, determined as of the Valuation Date on which the distribution is processed. Benefits will be distributed to such Beneficiary or Beneficiaries as soon as administratively feasible after the date of the Participant’s death (or, if later, after timing restrictions and requirements under the Code are satisfied). As required by Code [Section 401(a)(9)], except for distributions made to such Participant’s Spouse, in no event will any such

Amount and form of Death Benefit. Subject to [Section 9.02(f)], in the event of a Participant's death prior to his Benefit Payment Date, his Beneficiary shall be entitled to receive a death benefit equal to the vested balance of his Account, determined as of the Valuation Date related to the Benefit Payment Date for the Participant's Beneficiary. The Beneficiary shall have the option to select any form of payment under Section 8.03.

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

Death Benefits. If a Participant or Former Participant shall die prior to the commencement of any benefits otherwise provided under this [Article XIII], except as provided below, his or her Beneficiary shall be entitled to a lump sum death benefit equal to the amount credited to the Participant’s Account as of the date the Plan Administrator receives due proof of the Participant’s death. In lieu of receiving benefits in a lump sum, a Beneficiary may elect to receive benefits under any option described in [Section 13.06]; provided that in lieu of receiving a lump sum death benefit, and except with respect to amounts held in a Rollover Account as described below in this Section, the Beneficiary of a Participant may only elect to receive benefits under the installment payment option described in [Section 13.06].

Death Benefits. If a Participant or Former Participant shall die prior to the commencement of any benefits otherwise provided under this Article XIII, except as provided below, his or her Beneficiary shall be entitled to a lump sum death benefit equal to the amount credited to the Participant’s Account as of the date the Plan Administrator receives due proof of the Participant’s death. In lieu of receiving benefits in a lump sum, a Beneficiary may elect to receive benefits under any option described in [Section 13.06]; provided that in lieu of receiving a lump sum death benefit, and except with respect to amounts held in a Rollover Account as described below in this Section, the Beneficiary of a Participant may only elect to receive benefits under the installment payment option described in [Section 13.06].

Death Benefits. If a Participant dies on or after January 1, 2007, while performing qualified military service, the beneficiaries of such Participant shall be entitled to the same death benefits, if any, that would have been available had the Participant resumed employment with the Company immediately prior to the date of his or her death and thereafter terminated employment as a result of death. For purposes of this section, “qualified military service” is defined as service in the uniformed services of the United States for which an individual has reemployment rights under chapter 43 of title 38 of the United States Code.

Benefits Payable Upon Death. In the event that the Term terminates pursuant to Section 3.2(c), (i) the Bank will pay to Executive’s surviving spouse or, if none, his estate, a lump-sum amount equal to Executive’s Standard Termination Payments within sixty (60) days of such termination of employment and # death benefits, if any, under the Bank’s employee benefit plans will be paid to Executive’s beneficiaries as properly designated in writing by Executive.

Death Benefits Under USERRA. In the case of a Participant who dies while performing qualified military service as defined in Code [Section 414(u)], the survivors of the Participant are entitled to any additional benefits (other than benefit accruals relating to the period of qualified military service) provided under the Plan had the Participant resumed and then terminated employment on account of death. Moreover, the Plan will credit the Participant’s qualified military service as service for vesting purposes, as though the Participant had resumed employment under USERRA immediately prior to the Participant’s death.

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