In the event a Participant is entitled to a payment from the Fund but dies prior to the end of the Benefit period, the vacation payment which would have been paid to him shall be paid to the beneficiary as designated by the Participant under the provisions of the I.B.E.W. Local 25 Health and Benefit Fund.

If there is no designated beneficiary on file with the Health and Benefit Fund for a deceased Participant, the Trustees shall pay such monies to the spouse. If there is no spouse surviving, to the surviving children in equal shares. If there are no children surviving, to the estate.