Death After Change of Control. If Executive dies following a Change of Control, but prior to the commencement of the payment of any portion of the Retirement Benefit and provided Executive was actively employed at the time of the Change of Control, Executive’s beneficiary shall be paid the Split Dollar death benefit described in Paragraph 10.1 in accordance with Paragraph 10.1.2. If such death benefit is paid, no Retirement Benefit under this Agreement will be paid.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Agreement (CCFNB Bancorp Inc), Supplemental Executive Retirement Agreement (CCFNB Bancorp Inc), Supplemental Executive Retirement Agreement (CCFNB Bancorp Inc)
Death After Change of Control. If Executive dies following a Change of Control, but prior to the commencement of the payment of any portion of the Retirement Benefit and provided Executive was actively employed at the time of the Change of Control, Executive’s beneficiary shall be paid the Split Dollar death benefit described in Paragraph 10.1 10,1 in accordance with Paragraph 10.1.2. If such death benefit is paid, no Retirement Benefit under this Agreement will be paid.
Appears in 1 contract
Samples: Supplemental Executive Retirement Benefit Agreement (CCFNB Bancorp Inc)
Death After Change of Control. If if Executive dies following a Change of Control, but prior to the commencement of the payment of any portion of the Retirement Lifetime Benefit and payments, provided Executive was actively employed at the time of the Change of Control, Executive’s beneficiary shall be paid the Split Dollar death benefit described in Paragraph 10.1 in Section 3.1 In accordance with Paragraph 10.1.2Section 3.1.2. If such death benefit is paid, no Retirement Benefit Lifetime Benefits under this Agreement will be paid.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (CCFNB Bancorp Inc)
Death After Change of Control. If Executive dies following a Change of Control, but prior to the commencement of the payment of any portion of the Retirement Benefit and before normal retirement age, provided Executive was actively employed at the time of the Change of Control, Executive’s beneficiary shall be paid the Split Dollar death benefit described in Paragraph 10.1 Section 3.1 in accordance with Paragraph 10.1.2Section 3.1.1. If such death benefit is paid, no Retirement Benefit supplemental retirement benefits under this Agreement will be paid.
Appears in 1 contract
Samples: Supplement Executive Retirement Plan Agreement (First Perry Bancorp, Inc)
Death After Change of Control. If Executive dies following a Change of Control, but prior to the commencement of the payment of any portion of the Retirement Benefit and provided Executive was actively employed at the time of the Change of Control, Executive’s beneficiary shall be paid the Split Dollar death benefit described in Paragraph 10.1 in accordance with Paragraph 10.1.2. If such death benefit is paid, no Retirement Benefit under this Agreement will be paid.,
Appears in 1 contract
Samples: Executive Retirement Benefit Agreement (CCFNB Bancorp Inc)
