Death after Separation from Service. If the Executive dies after Separation from Service and at Separation from Service the Executive is entitled to the normal retirement benefit provided by Section 2.1, the Early Termination benefit provided by Section 2.2, or the Disability benefit provided by Section 2.3, the Bank shall pay to the Executive’s Beneficiary the benefits to which the Executive was entitled at death. Beginning on the first day of the month after the Executive’s death, the Bank shall pay the benefits to the Beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived. In that case, no death benefit shall be payable under this Article 3.
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Samples: Salary Continuation Agreement (Newmil Bancorp Inc), Salary Continuation Agreement (Newmil Bancorp Inc), Salary Continuation Agreement (Newmil Bancorp Inc)
Death after Separation from Service. If the Executive dies after Separation from Service and at Separation from Service the Executive is entitled to the normal retirement benefit provided by Section 2.1, the Early Termination benefit provided by Section 2.2, or the Disability benefit provided by Section 2.3, the Bank shall pay to the Executive’s Beneficiary the benefits to which the Executive was entitled at death. Beginning on the first day of the month after the Executive’s death, the Bank shall pay the benefits to the Beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived. In that case, no death benefit shall be payable under this Article 3.
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