Common use of Additional Death Benefit - Burial Expense Clause in Contracts

Additional Death Benefit - Burial Expense. Upon the Director=s death, the Director=s Beneficiary shall also be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand Dollars ($10,000). This benefit shall be paid directly from the Bank to the Beneficiary and shall be provided specifically for the purpose of providing payment for burial and/or funeral expenses of the Director. Such death benefit shall be payable within thirty (30) days of the date the Administrator receives notice of the Director=s death. The Director=s Beneficiary shall not be entitled to such benefit if the Director is terminated for Cause prior to death.

Additional Death Benefit - Burial Expense. Upon the Director=s 's death, the Director=s 's Beneficiary shall also be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand Dollars ($10,000). This benefit shall be paid directly from the Bank to the Beneficiary and shall be provided specifically for the purpose of providing payment for burial and/or funeral expenses of the Director. Such death benefit shall be payable within thirty (30) days of the date the Administrator receives notice of the Director=s 's death. The Director=s 's Beneficiary shall not be entitled to such benefit if the Director is terminated for Cause prior to death.

Additional Death Benefit - Burial Expense. Upon In addition to the above-described death benefits, upon the Director=s ’s death, the Director=s ’s Beneficiary shall also be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand Dollars ($10,00010,000.00). This benefit shall be paid directly from the Bank to the Beneficiary and shall be provided specifically for the purpose of providing payment for funeral and/or burial and/or funeral expenses of the Director. Such death benefit shall be payable within thirty (30) days of the date the Administrator receives notice of the Director=s ’s death. The Director=s ’s Beneficiary shall not be entitled to such benefit if the Director is terminated for Cause prior to his death.

Additional Death Benefit - Burial Expense. Upon the Director=s ’s death, the Director=s ’s Beneficiary shall also be entitled to receive a one-time one­time lump sum death benefit in the amount of Ten Thousand Dollars ($10,000). This benefit shall be paid directly from the Bank to the Beneficiary and shall be provided specifically for the purpose of providing payment for burial and/or funeral expenses of the Director. Such death benefit shall be payable within thirty (30) days of the date the Administrator receives notice of the Director=s ’s death. The Director=s ’s Beneficiary shall not be entitled to such benefit if the Director is terminated for Cause prior to death.