In Case of Death Sample Clauses
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In Case of Death. If the Optionee dies prior to the termination of this Option, the Option may be exercised within one (1) year after the death of the Optionee by the personal representative of this estate, or by a person who acquired the right to exercise the Option by bequest, inheritance, or by reason of the death of the Optionee, provided that:
(1) the Optionee died while an employee of the Company or a Subsidiary; or
(2) the Optionee ceased to be an employee of the Company or a Subsidiary on account of physical or mental disability and died within three (3) months after the date on which he ceased to be such employee. The Option may be exercised only as to the number of shares for which the Optionee could have exercised at the time the Optionee died. In no event may the Option be exercised after the expiration of ten (10) years from the Date of Grant.
In Case of Death. If an eligible employee shall die before the end of the twelve (12) month period, the credit vacation pay of such deceased employee shall be paid to the person designated by such deceased employee as the beneficiary under the group life insurance carried by him under the insurance program.
In Case of Death. If an employee dies, CMG will pay the beneficiary, or the employee's estate if no beneficiary has been designated, an amount of severance pay equal to one week for every 4.5 months worked up to a maximum of thirty-nine (39) weeks pay, such pay to be computed at the highest weekly compensation received by the employee during his or her service with CMG.
In Case of Death. Basic Life Insurance benefit paid to your beneficiary on death from any cause. WHO PAYS?* Library pays 100% of the premium of this plan. CONTRACT Manulife Contract 38252 PLAN OPTIONAL LIFE INSURANCE ➢ full-time employees and part-time employees (working 17.5 hours/week based on the average working day formula) ➢ eligible dependent spouse WHAT’S PROVIDED ➢ Additional life insurance is available for you and your eligible dependent spouse in units of $10,000 to a maximum of $700,000 per covered individual ➢ Evidence of insurability is required for new coverage or additional amounts of coverage WHAT HAPPENS TO MY BENEFITS… IN CASE OF DISABILITY? Following six months of disability, you may qualify to have your coverage remain in effect without IN CASE OF DEATH? Optional Life Insurance benefit paid to your beneficiary in premium payment. However, until approved by the carrier, you will the case of your death. Conversion option need to continue paying premiums. for your eligible dependent spouse. IN CASE OF LEAVE? Coverage continues during all types of leave WHO PAYS?* You pay the full premium provided you pay the full premium cost in advance. cost.
In Case of Death. Should termination be caused by the death of an employee, the legal heir(s) of said employee will be entitled to receive payment for that vacation to which the employee was entitled; provided said heir(s) provide sufficient documentation to the Employer of their status as the employee’s legal heir(s).
In Case of Death. In case of death, due to natural causes or accident during the Haj period, burial rituals may be performed as per prevailing practice in Kingdom of Saudi Arabia. The original Death Certificate is directly, sent to the next of kin of a deceased pilgrim by the Consulate General of India (CGI), Jeddah, after the completion of Haj season.
In Case of Death. In the case of the death of an employee, in the employ of the Board, one hundred percent (100%) of the employees accumulated sick leave credits shall be paid to the employees beneficiary or the employees estate if no beneficiary.
In Case of Death. A. In case of death of an employee during the contract period, the foreign principal shall agree to repatriate the remains of the deceased, including his personal belongings and savings on the expenses of the foreign principal.
In Case of Death. In the case of the death of an employee who has qualified for but has not taken his vacation, such vacation money will be paid to the estate of the deceased employee.
In Case of Death. Should the duration of employment end in the death of the employee, and the deceased had either marriage partner or under-age children, the employer will make a single capital payment. The amount of the sum in question will correspond to the total of the gross monthly salary and the applicable notice period. -------------------------------------------------------------------------------- CONCLUDING REGULATIONS -------------------------------------------------------------------------------- CLAUSE 24 LEGAL FUNDAMENTALS