Common use of Lump Sum Death Benefit Clause in Contracts

Lump Sum Death Benefit. a. In addition to all other benefits payable pursuant to this Article III, upon the death on or after November 1, 1994 of any Participant who had begun to receive retirement or disability benefits, a lump sum benefit of $2,000 shall be paid to the Beneficiary designated by the Participant. If there is no designated Beneficiary then the benefit shall be payable in the same manner and order of preference set forth in Section 3.15.c. Although the Participant is entitled to a $2,000 Lump Sum Death Benefit, if the Participant is eligible for a Lump Sum Death Benefit under this Plan and under the Chicago Regional Council of Carpenters Pension Fund, the Lump Sum Death Benefit payable from this Plan shall be only $1,500. b. If there is no Spouse, Children, parents or beneficiaries of the Chicago Regional Council of Carpenters Welfare Fund surviving, the Lump Sum Death Benefit may be paid to the individual who provides proof to the Trustees that he or she paid the funeral expense of the deceased Participant, or the Lump Sum Death Benefit may be paid directly to the funeral home in payment of the funeral expenses of the deceased Participant provide, that in these latter two instances the amount of the Lump Sum Death Benefit shall be limited to the amount of the funeral expenses. c. If no one seeks reimbursement for funeral expenses, and there is no surviving Spouse, Children, parents or beneficiaries of the Chicago Regional Council of Carpenters Welfare Fund surviving, there shall be no Lump Sum Death Benefit paid hereunder. Whenever an individual entitled to receive a Lump Sum Death Benefit files an application for such Lump Sum Death Benefit, payment shall be made as soon as practicable after receipt of the application by the Plan.

Lump Sum Death Benefit. ‌ a. In addition to all other benefits payable pursuant to this Article III, upon the death on or after November 1, 1994 of any Participant who had begun to receive retirement or disability benefits, a lump sum benefit of $2,000 shall be paid to the Beneficiary designated by the Participant. If there is no designated Beneficiary then the benefit shall be payable in the same manner and order of preference set forth in Section 3.15.c. Although the Participant is entitled to a $2,000 Lump Sum Death Benefit, if the Participant is eligible for a Lump Sum Death Benefit under this Plan and under the Chicago Regional Council of Carpenters Pension Fund, the Lump Sum Death Benefit payable from this Plan shall be only $1,500. b. If there is no Spouse, Children, parents or beneficiaries of the Chicago Regional Council of Carpenters Welfare Fund surviving, the Lump Sum Death Benefit may be paid to the individual who provides proof to the Trustees that he or she paid the funeral expense of the deceased Participant, or the Lump Sum Death Benefit may be paid directly to the funeral home in payment of the funeral expenses of the deceased Participant provide, that in these latter two instances the amount of the Lump Sum Death Benefit shall be limited to the amount of the funeral expenses. c. If no one seeks reimbursement for funeral expenses, and there is no surviving Spouse, Children, parents or beneficiaries of the Chicago Regional Council of Carpenters Welfare Fund surviving, there shall be no Lump Sum Death Benefit paid hereunder. Whenever an individual entitled to receive a Lump Sum Death Benefit files an application for such Lump Sum Death Benefit, payment shall be made as soon as practicable after receipt of the application by the Plan.