Common use of Death Clause Clause in Contracts

Death Clause. Should the participant die while enrolled in the all monies accumulated plus interest accrued, will be paid to the estate. Every agreement entered into, shall state that monies paid to the estate of an employee under this section as a "right or thing" within the meaning of the Income Tax Act (Canada "Tax Act"). During each taxation year the participating employee's income tax liability shall be in accordance with the Income Tax Act and the amount of the withholding tax deducted at source by the Employer shall be based on monies actually received by the employee in each taxation year subject to the acceptance of the by Revenue Canada, Taxation. An employee must return to regular employment with the Employer after the Leavefor a period that is not less than the period of the Leave.

Death Clause. Should the participant die while enrolled in the all monies accumulated plus interest accrued, will be paid to the estate. Every agreement entered into, shall state that monies paid to the estate of an employee under this section as a "right or thing" within the meaning of the Income Tax Act (Canada "Tax Act"). During each taxation year the participating employee's income tax liability shall be in accordance with the Income Tax Act and the amount of the withholding tax deducted at source by the Employer shall be based on monies actually received by the employee in each taxation year subject to the acceptance of the by Revenue Canada, Taxation. An employee must return to regular employment with the Employer after the Leavefor a period that is not less than the period of the Leave.

Death Clause. Should the participant die while enrolled in the all monies accumulated plus interest accrued, will be paid to the estate. Every agreement entered into, shall state that monies paid to the estate of an employee under this section as a "right or thing" within the meaning of the Income Tax Act (Canada "Tax Act"). During each taxation year the participating employee's income tax liability shall be in accordance with the Income Tax Act and the amount of the withholding withhotding tax deducted at source by the Employer shall be based on monies actually received by the employee in each taxation year subject to the acceptance of the by Revenue Canada, Taxation. An employee must return to regular employment with the Employer after the Leavefor Leave for a period that is not less than the period of the Leave.