Common use of Death in Service Clause in Contracts

Death in Service. In the event of death of an employee, the value of all accrued retirement benefits shall be paid to the employee's designated beneficiary. If there is no designated beneficiary, payment shall be made to the employee's estate.

Appears in 7 contracts

Sources: Collective Agreement, Collective Agreement, Collective Bargaining Agreement

Death in Service. In the event of death of an employee, the value of all accrued retirement benefits shall be paid to the employee's ’s designated beneficiary. If there is no designated beneficiary, payment shall be made to the employee's ’s estate.

Appears in 1 contract

Sources: Collective Agreement