BSLIP Retiree Offset

BSLIP Retiree Offset. Shall equal the sum of the amounts (1) and (2) described below: (1) an amount equal to the death benefit provided under the participant's BellSouth Supplemental Life Insurance Plan policy(ies) as if the participant died on December 31, 2008; and (2) an amount equal to the death benefit that was provided under the participant's BellSouth Split Dollar Life Insurance policy(ies) as if the participant died on his BSLIP retirement date. This amount is applied as an offset to this Plan as described... in Section 4. View More