Common use of Benefits Upon Disability Clause in Contracts

Benefits Upon Disability. Upon the Participant’s Termination of Employment prior to the Normal Retirement Date due to Disability, no separate provision is made for a disability benefit under this Agreement. The Participant is entitled to a benefit only if he is entitled to a benefit under another provision of this Agreement.

Appears in 4 contracts

Samples: Executive Employee Salary Continuation Agreement (Mercantile Bancorp, Inc.), Executive Employee Salary Continuation Agreement (Mercantile Bancorp, Inc.), Executive Employee Salary Continuation Agreement (Mercantile Bancorp, Inc.)

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Benefits Upon Disability. Upon the Participant’s 's Termination of Employment prior to the Normal Retirement Date due to Disability, no separate provision is made for a disability benefit under this Agreement. The However, in the event of such Participant's death while disabled prior to reaching the Normal Retirement Date, such Participant's beneficiary shall receive the survivor's benefits described in Section 3.5(a). In the event the Participant is entitled lives to a the Normal Retirement Date, the Participant shall thereupon receive the normal retirement date benefit only if he is entitled to a benefit under another provision of this Agreementdescribed in Section 3.1.

Appears in 4 contracts

Samples: Executive Employee Salary Continuation Agreement (Mound City Financial Services Inc), Executive Employee Salary Continuation Agreement (Boardman Suhr Curry & Field), Executive Employee Salary Continuation Agreement (Mound City Financial Services Inc)

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