Common use of Death After Normal Retirement Age, But Before Receipt of Lifetime Benefits Clause in Contracts

Death After Normal Retirement Age, But Before Receipt of Lifetime Benefits. If Executive dies after reaching the Normal Retirement Age, but before receiving any Lifetime Benefit payments under this Agreement, the death benefit identified in Section 3.1 shall be paid in accordance with Section 3.1.2. If such death benefit is paid, no Lifetime Benefits under this Agreement will be paid.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Plan Agreement (CCFNB Bancorp Inc), Agreement (East Penn Financial Corp), Supplemental Executive Retirement Plan Agreement (CCFNB Bancorp Inc)

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Death After Normal Retirement Age, But Before Receipt of Lifetime Benefits. If if Executive dies after reaching the Normal Retirement Age, but before receiving any Lifetime Benefit payments under this Agreement, the death benefit identified in In Section 3.1 shall be paid in accordance with Section 3.1.2. If if such death benefit is paid, no Lifetime Benefits under this Agreement will be paid.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (CCFNB Bancorp Inc)

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