Common use of Death After Retirement Clause in Contracts

Death After Retirement. The Bank agrees that if the Executive dies after the Retirement Date but shall die before receiving the full amount of monthly payments to which he is entitled under this Agreement, the Bank will continue to make such monthly payments to the Executive's designated Beneficiary for the remaining period. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of Executive's estate.

Death After Retirement. The Bank Employer agrees that if the Executive dies after the Retirement Date shall so retire, but shall die before receiving the full amount of monthly payments to which he is entitled under this Agreementhereunder, the Bank it will continue to make such monthly payments to the Executive's designated Beneficiary beneficiary for the remaining period. If a valid Beneficiary Designation is not in effect, then the payments payment shall be made to the Executive's surviving spouse orSurviving Spouse, or if none, said payments payment shall be made to the duly qualified personal representative, executor or administrator of the Executive's estate.

Death After Retirement. The Bank agrees that if the Executive dies after the Retirement Date shall so retire, but shall die before receiving the full amount of monthly payments to which he is entitled under this Agreementhereunder, the Bank it will continue to make such monthly payments to the Executive's designated Beneficiary Benefit for the remaining period. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of Executive's his estate.