Common use of Death After Separation from Service But Before Payment of a Benefit Commences Clause in Contracts

Death After Separation from Service But Before Payment of a Benefit Commences. If the Executive is entitled to any benefit payments under Article 2 of this Agreement, but dies prior to the commencement of said benefit payments, the Company and the Bank shall jointly and severally pay the same benefit payments to the Beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence within sixty (60) days following the date of the Executive’s death.

Death After Separation from Service But Before Payment of a Benefit Commences. If the Executive is entitled to any a benefit payments under Article 2 of this Agreement, but dies after Separation from Service and prior to the commencement of said benefit payments, the Company and the Bank Employer shall jointly and severally pay the same benefit payments to the Beneficiary Executive’s beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence within sixty (60) days on the first day of the month following the date of the Executive’s death.

Death After Separation from Service But Before Payment of a Benefit Commences. If the Executive is entitled to any benefit payments under Article 2 of this Agreement, but dies prior to the commencement of said benefit payments, the Company and the Bank shall jointly and severally pay the same benefit payments to the Beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence within sixty (60) days following the date of the Executive’s death.. 1st United Bancorp/1st United Bank Supplemental Executive Retirement Plan Agreement