VII. Death or Disability

With respect to payments made pursuant to Section IV(1) of the Plan:

A.    If the University has accepted an Eligible Employee’s written election to participate in the Plan and the Eligible Employee dies before his or her Exit Date, payments provided pursuant to Section IV(1) shall be made directly to the beneficiary named on the optional Eligible Employee’s Beneficiary Form submitted with his or her election within sixty (60) days of the Eligible Employee’s death, or as soon as is administratively feasible thereafter.
 
B.    If the employee separates from service and is entitled to benefits under Section IV(1) of the Plan, but dies before receiving all such benefits, then the beneficiary named on the optional Eligible Employee’s Beneficiary Form submitted with his or her election shall receive the remaining benefits within sixty (60) days of the Eligible Employee’s death, or as soon as is administratively feasible thereafter.  

With respect to the healthcare benefits made pursuant to Section IV(2) of the Plan, if the University has accepted an Eligible Employee’s written election to participate in the Plan and the Eligible Employee dies before his or her Exit Date (or after his or her Exit Date, but before receiving all contributions or payments contemplated under Section IV(2)), then all contributions or payments made by the University pursuant to Section IV(2) shall cease immediately upon the Eligible Employee’s death.  The beneficiary named on the optional Eligible Employer’s Beneficiary Form  is not entitled to any payments provided pursuant to Section IV(2).

Payment pursuant to Section IV will be made to a beneficiary only upon proper proof submitted to and accepted by the University, establishing legal entitlement to be paid.  

If the University has accepted an Eligible Employee’s written election to participate in the Plan and the Eligible Employee becomes disabled (so that in the opinion of a physician acceptable to the University, the employee will be unable to return to full-time work prior to the agreed Exit Date) then the Eligible Employee shall receive severance benefits on the same schedule that would have applied had he or she continued to work (or continued on approved leave) until the agreed Exit Date.  An Eligible Employee who becomes disabled after filing an election to participate in the Plan will not be able to revoke that election after the close of the Eligible Employee’s Revocation Period has passed.