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Death Benefits
Death Benefits contract clause examples

Payment of Benefits Upon Death. If a Participant or Former Participant whose employment with all Employers has not terminated dies before the complete distribution of one or more of his or her Accounts, the Participant or Former Participant shall become 100% vested in his Accounts; and the balance of such Accounts shall become payable to the Beneficiary of the Participant or Former Participant and shall be paid in accordance with [Sections 7.8 through 7.10]. Also, if a Participant or Former Participant whose employment with all Employers has terminated, but whose Account(s) have not yet become vested or are not yet forfeited (because of the extended vesting provisions of the Plan) dies before his or her Accounts have become vested or are forfeited, the Participant or Former Participant shall become 100% vested in his Accounts; and the balance of such Accounts shall become payable to the Beneficiary of the Participant or Former Participant and shall be paid in accordance with [Sections 7.8 through 7.10].

Payment of Benefits Upon Disability. If a Participant or Former Participant incurs a Termination of Employment on account of a Disability before the complete distribution of his Accounts, the Participant or the Former Participant shall become 100% vested in his or her Accounts; and the balance of such Accounts shall become payable upon such a Termination of Employment and shall be paid in accordance with [Sections 7.8 through 7.10].

Payment of Benefits Upon Termination of Employment Prior to Death, Disability or Retirement. If a Participant or Former Participant incurs a Termination of Employment before his or her death, Disability, Normal Retirement Age or the Designated Payment Date of one or more of his or her Accounts, the vested portion of the balance of the Participant’s or Former Participant’s Accounts shall become payable and shall be paid in accordance with [Sections 7.8 through 7.10] (including the six month delay prescribed in Section 7.9). Any portion of such Accounts that is not vested as of the date of the Participant’s or Former Participant’s Termination of Employment shall be forfeited, except as provided in Section 5.3.

Distribution on Death. Notwithstanding anything in this Plan to the contrary, if a Participant dies while employed (within the meaning of [Section 5.3]), or after his or her Retirement or other termination of employment or separation from service but prior to the completion of all payments in respect of his or her Accounts under the Plan, the total undistributed balance of such Accounts (or vested portion thereof) shall be paid to his or her Beneficiary in a lump sum. Payment by the Employer pursuant to any unrevoked and valid Beneficiary designation under on the fifteenth (15th) day of the third month following the month in which death occurs, in an amount based on the balance of the participant’s Accounts on the last day of the month preceding payment. [Section 1.4(c)], or to the person or persons entitled thereto under [Section 1.4(c)] in the absence of such a designation, shall terminate any and all liability of the Employer with respect thereto.

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