Common use of Death after Separation from Service Clause in Contracts

Death after Separation from Service. If, pursuant to Article 1.15, a terminated Employee has a Vested Insurance Benefit at the date of death, the Beneficiary shall be entitled to a benefit equal to the amount set forth in Article 2. 2.1. If the Employee has not achieved a Vested Insurance Benefit on the date of death, the Beneficiary will not be entitled to a benefit under this Plan. The Simsbury Bank & Trust Company, Inc. Split Dollar Life Insurance Agreement

Death after Separation from Service. If, pursuant to Article 1.15, a terminated Employee has a Vested Insurance Benefit at the date of death, the Beneficiary shall be entitled to a benefit equal to the amount set forth in Article 2. 2.1. If the Employee has not achieved a Vested Insurance Benefit on the date of death, the Beneficiary will not be entitled to a benefit under this Plan. The Simsbury Bank & Trust Company, Inc. Split Dollar Life Insurance Agreement.