Additional Death Benefit - Burial Expense. In addition to the above-described death benefits, upon the Director's death, the Director's Beneficiary shall be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand ($10,000.00) Dollars; provided, however, that if the Director ceases to be a member of the Board before July 1, 1998 for reasons other than his death or disability, the one-time lump sum election death benefit otherwise provided in this Subsection shall not be payable.
Appears in 3 contracts
Samples: Director Deferred Compensation Agreement (First Bancorp /In/), Director Deferred Compensation Agreement (First Bancorp /In/), Director Deferred Compensation Agreement (First Bancorp /In/)
Additional Death Benefit - Burial Expense. In addition to the above-described death benefits, upon the Director's ’s death, the Director's ’s Beneficiary shall be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand ($10,000.00) Dollars; provided, however, that if the Director ceases to be a member of the Board before July 1, 1998 for reasons other than his death or disability, the one-time lump sum election death benefit otherwise provided in this Subsection shall not be payable.
Appears in 1 contract
Samples: Director Deferred Compensation Master Agreement (Mutualfirst Financial Inc)
Additional Death Benefit - Burial Expense. In addition to the above-described death benefits, upon the Director's ’s death, the Director's ’s Beneficiary shall be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand ($10,000.00) Dollars; provided, however, that if the Director ceases to be a member of the Board before July 1, 1998 for reasons other than his death or disability, the one-time lump sum election death benefit otherwise provided in this Subsection shall not be payable.)
Appears in 1 contract
Samples: Supplemental Director Retirement Plan (Crescent Banking Co)
Additional Death Benefit - Burial Expense. In addition to the above-described death benefits, upon the Director's death, the Director's Beneficiary shall be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand ($10,000.00) Dollars; provided, however, that if the Director ceases to be a member of the Board before July 1, 1998 for reasons other than his death or disability, the one-time lump sum election death benefit otherwise provided in this Subsection shall not be payable.)
Appears in 1 contract
Samples: Directors Retirement Plan (Prestige Financial Corp)
