Common use of After Payments Commence Clause in Contracts

After Payments Commence. 1f, a Termination of Service on or after Normal Retirement Age having previously occurred, the Director dies after benefit payments commence under Article 2.1 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary(ies) at the same time and in the same amounts they would have been paid to the Director had the Director survived.

Appears in 5 contracts

Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Director Retirement Agreement (Cortland Bancorp Inc)

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After Payments Commence. 1fIf, a Termination of Service on or after before Normal Retirement Age having previously occurred, the Director dies after benefit payments commence under Article 2.1 2.2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's Directors beneficiary(ies) at the same time and in the same amounts they would have been paid to the Director had the Director survived.,

Appears in 4 contracts

Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Director Retirement Agreement (Cortland Bancorp Inc)

After Payments Commence. 1fIf, a Termination of Service on or after before Normal Retirement Age having previously occurred, the Director dies after benefit payments commence under Article 2.1 2.2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary(ies) at the same time and in the same amounts they would have been paid to the Director had the Director survived.

Appears in 2 contracts

Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc)

After Payments Commence. 1fIf, a Termination of Service on or after Normal Retirement Age having previously occurred, the Director dies after benefit payments commence under Article 2.1 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary(ies) at the same time and in the same amounts they would have been paid to the Director had the Director survived.

Appears in 2 contracts

Samples: Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Director Retirement Agreement (Cortland Bancorp Inc)

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After Payments Commence. 1fIf, a Termination of Service on or after Normal Retirement Age having previously occurred, the Director dies after benefit payments commence under Article 2.1 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary(ies) Beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.

Appears in 1 contract

Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc)

After Payments Commence. 1fIf, a Termination of Service on or after before Normal Retirement Age having previously occurred, the Director dies after benefit payments commence under Article 2.1 2.2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary(ies) Beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.

Appears in 1 contract

Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc)

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