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 TWENTY-EIGHT THOUSAND SIX HUNDRED FIFTY-TWO and 22/100 Dollars ($28,652.22) 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/)

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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 FIFTEEN THOUSAND EIGHT HUNDRED TWENTY-EIGHT THOUSAND SIX HUNDRED FIFTY-TWO NINE and 22/100 25/100 Dollars ($28,652.2215,829.25) 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 under Paragraph 3 above, the sum of TWENTY-EIGHT THOUSAND SEVEN HUNDRED SIX HUNDRED FIFTY-TWO and 22/100 45/100 Dollars ($28,652.228,706.45) 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 payments, under Paragraph 3 above, the sum of TWENTYFORTY-EIGHT NINE THOUSAND SIX SEVEN HUNDRED FIFTY-TWO FIVE and 22/100 66/100 Dollars ($28,652.2249,755.66) 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 TWENTYSEVENTEEN THOUSAND ONE HUNDRED SIXTY-EIGHT THOUSAND SIX HUNDRED FIFTY-TWO THREE and 22/100 48/100 Dollars ($28,652.2217,163.48) 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 TWENTYFORTY-EIGHT NINE THOUSAND SIX SEVEN HUNDRED FIFTY-TWO FIVE and 22/100 66/100 Dollars ($28,652.2249,755.66) 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 TWENTYFORTY-EIGHT FIVE THOUSAND SIX HUNDRED FIFTY-TWO NINE and 22/100 39/100 Dollars ($28,652.2245,609.39) 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 TWENTYTHIRTY-NINE THOUSAND FOUR HUNDRED EIGHTY-EIGHT THOUSAND SIX HUNDRED FIFTY-TWO and 22/100 67/100 Dollars ($28,652.2239,488.67) 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 TWENTY-EIGHT THREE THOUSAND SIX HUNDRED FIFTY-TWO and 22/100 TEN AND 33/100 Dollars ($28,652.223,010.33) 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 under Paragraph 3 above, the sum of TWENTYTWELVE THOUSAND SEVEN HUNDRED NINETY-EIGHT THOUSAND SIX HUNDRED FIFTY-TWO ONE and 22/100 68/100 Dollars ($28,652.2212,791.68) 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 TWO HUNDRED FIFTYTHIRTY-TWO ONE and 22/100 36/100 Dollars ($28,652.228,231.36) 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/)

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 TWELVE and 22/100 85/100 Dollars ($28,652.228,612.85) 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 payments, under Paragraph 3 above, the sum of TWENTYFORTY-EIGHT FIVE THOUSAND SIX HUNDRED FIFTY-TWO NINE and 22/100 39/100 Dollars ($28,652.2245,609.39) 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 TWENTY-EIGHT FOURTEEN THOUSAND SIX TWO HUNDRED FIFTYSIXTY-TWO and 22/100 50/100 Dollars ($28,652.2214,262.50) 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/)

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Continuation of Payments. Following Executive’s death during the original ten-year period of payments payments, under Paragraph 3 above, the sum of TWENTYTHIRTY-NINE FOUR HUNDRED EIGHTY-EIGHT THOUSAND SIX HUNDRED FIFTY-TWO and 22/100 67/100 Dollars ($28,652.2239,488.67) 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 TWENTYTHIRTY-EIGHT THREE THOUSAND SIX HUNDRED FIFTY-TWO SIX and 22/100 25/100 Dollars ($28,652.2233,056.25) 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 under Paragraph 3 above, the sum of TWENTY-EIGHT TWO THOUSAND SIX NINE HUNDRED FIFTY-TWO and 22/100 FOUR AND 75/100 Dollars ($28,652.222,954.75) 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/)

Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of TWENTYSIX THOUSAND FOUR HUNDRED SIXTY-EIGHT THOUSAND SIX HUNDRED FIFTY-TWO and 22/100 75/100 Dollars ($28,652.226,468.75) 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 TWENTY-EIGHT ELEVEN THOUSAND SIX SEVEN HUNDRED FIFTY-TWO FIFTY and 22/100 00/100 Dollars ($28,652.2211,750.00) 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 TWENTY-EIGHT FOURTEEN THOUSAND SIX TWO HUNDRED FIFTY-TWO FIVE and 22/100 00/100 Dollars ($28,652.2214,205.00) 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 TWENTY-EIGHT TWO THOUSAND SIX HUNDRED FIFTYTHIRTY-TWO and 22/100 EIGHT AND 17/100 Dollars ($28,652.222,638.17) 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 TWENTYTWELVE THOUSAND EIGHT HUNDRED SEVENTY-EIGHT THOUSAND SIX HUNDRED FIFTY-TWO FIVE and 22/100 00/100 Dollars ($28,652.2212,875.00) 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/)

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