Common use of Continuation of Payments Clause in Contracts

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT THOUSAND TWO HUNDRED THIRTY-ONE and 36/100 Dollars ($8,231.36) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

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Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT THOUSAND TWO HUNDRED THIRTY-ONE NINE THOUSAND FOUR HUNDRED EIGHTY-EIGHT and 36/100 67/100 Dollars ($8,231.3639,488.67) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT SEVENTEEN THOUSAND TWO ONE HUNDRED THIRTYSIXTY-ONE THREE and 36/100 48/100 Dollars ($8,231.3617,163.48) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of FIFTEEN THOUSAND EIGHT THOUSAND TWO HUNDRED THIRTYTWENTY-ONE NINE and 36/100 25/100 Dollars ($8,231.3615,829.25) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments payments, under Paragraph 3 above, the sum of EIGHT FORTY-NINE THOUSAND TWO SEVEN HUNDRED THIRTYFIFTY-ONE FIVE and 36/100 66/100 Dollars ($8,231.3649,755.66) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT FORTY-FIVE THOUSAND TWO SIX HUNDRED THIRTY-ONE NINE and 36/100 39/100 Dollars ($8,231.3645,609.39) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT FORTY-NINE THOUSAND TWO SEVEN HUNDRED THIRTYFIFTY-ONE FIVE and 36/100 66/100 Dollars ($8,231.3649,755.66) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of TWELVE THOUSAND EIGHT THOUSAND TWO HUNDRED THIRTYSEVENTY-ONE FIVE and 36/100 00/100 Dollars ($8,231.3612,875.00) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT THOUSAND TWO SEVEN HUNDRED THIRTY-ONE SIX and 36/100 45/100 Dollars ($8,231.368,706.45) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT FOURTEEN THOUSAND TWO HUNDRED THIRTYSIXTY-ONE TWO and 36/100 50/100 Dollars ($8,231.3614,262.50) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of SIX THOUSAND FOUR HUNDRED SIXTY-EIGHT THOUSAND TWO HUNDRED THIRTY-ONE and 36/100 75/100 Dollars ($8,231.366,468.75) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT TWO THOUSAND TWO SIX HUNDRED THIRTY-ONE and 36/100 EIGHT AND 17/100 Dollars ($8,231.362,638.17) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT ELEVEN THOUSAND TWO SEVEN HUNDRED THIRTY-ONE FIFTY and 36/100 00/100 Dollars ($8,231.3611,750.00) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT TWO THOUSAND TWO NINE HUNDRED THIRTYFIFTY-ONE and 36/100 FOUR AND 75/100 Dollars ($8,231.362,954.75) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

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Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT TWELVE THOUSAND TWO SEVEN HUNDRED THIRTYNINETY-ONE and 36/100 68/100 Dollars ($8,231.3612,791.68) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of TWENTY-EIGHT THOUSAND SIX HUNDRED FIFTY-TWO HUNDRED THIRTY-ONE and 36/100 22/100 Dollars ($8,231.3628,652.22) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT THOUSAND TWO SIX HUNDRED THIRTY-ONE TWELVE and 36/100 85/100 Dollars ($8,231.368,612.85) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT FOURTEEN THOUSAND TWO HUNDRED THIRTY-ONE FIVE and 36/100 00/100 Dollars ($8,231.3614,205.00) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT THREE THOUSAND TWO HUNDRED THIRTY-ONE and 36/100 TEN AND 33/100 Dollars ($8,231.363,010.33) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments payments, under Paragraph 3 above, the sum of EIGHT THOUSAND TWO HUNDRED THIRTY-ONE NINE FOUR HUNDRED EIGHTY-EIGHT and 36/100 67/100 Dollars ($8,231.3639,488.67) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT THOUSAND TWO HUNDRED THIRTY-ONE THREE THOUSAND FIFTY-SIX and 36/100 25/100 Dollars ($8,231.3633,056.25) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments payments, under Paragraph 3 above, the sum of EIGHT FORTY-FIVE THOUSAND TWO SIX HUNDRED THIRTY-ONE NINE and 36/100 39/100 Dollars ($8,231.3645,609.39) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.

Appears in 1 contract

Samples: Executive Consultation, Separation From Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

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