Death After Termination of Employment. If Optionee shall die following a termination of employment, this Incentive Stock Option may be exercised, by the person or persons to whom Optionee's rights under this Incentive Stock Option shall pass by will or by applicable law, or if no such person has such right, by Optionee's executors or administrators, to the extent and during the period that Optionee was entitled to do so.
Death After Termination of Employment. If the Executive dies after Termination of Employment and 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(ies) (a) an amount in cash equal to the Accrual Balance remaining at the time of the Executive=s death, and (b) the benefit described in the Split Dollar Agreement attached to this Agreement as Addendum A; provided, however, that no benefits under this Agreement or under the Split Dollar Agreement shall be paid or payable to the Executive, the Executive=s beneficiary(ies), or the Executive=s estate if this Agreement is terminated according to Article 5.
Death After Termination of Employment. If the Executive dies after Termination of Employment and 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 a lump sum payment equal to the Accrual Balance remaining at the time of the Executive’s death; provided, however, that no benefits under this Agreement shall be paid or payable to the Executive or the Executive’s Beneficiary if this Agreement is terminated according to Article 5.
Death After Termination of Employment but Before Commencement of Payment under the Salary Continuation Agreement. If the Executive is entitled to a benefit under Article 2 of the Salary Continuation Agreement, but dies prior to the commencement of said benefit payments, the Bank shall pay no benefit under the Salary Continuation Agreement and the Executive’s beneficiary shall receive the split dollar death benefit described in Section 2.2.1 of this Agreement.
Death After Termination of Employment. If, pursuant to Article 5, a terminated Participant has a Vested Insurance Benefit at the date of death, the Participant’s beneficiary shall be entitled to a benefit equal to one times the Participant’s Base Annual Salary as of the July 1st immediately preceding his or her Termination of Employment. If the terminated Participant has not achieved a Vested Insurance Benefit, the Participant’s beneficiary will not be entitled to a benefit under this Plan.
Death After Termination of Employment. If after termination of employment the Executive has a Vested Insurance Benefit pursuant to Article 4 at the date of the Executive’s death, the Executive’s Beneficiary shall be entitled to a benefit equal to two times the Executive’s Base Salary for the Executive’s Final Year of Employment, provided the total benefit shall not exceed the Net Death Proceeds. If the Executive has not achieved a Vested Insurance Benefit prior to the Executive’s termination of employment, the Executive’s Beneficiary will not be entitled to a benefit under this Section 3.2.2.
Death After Termination of Employment. (i) If the Employee should die after the termination of his employment, whether prior to or on or after attainment of age 55, and prior to the date on which payment of his Deferred Compensation Account has commenced in the form of an annuity in accordance with subsection (a) or has been paid in the form of a lump sum as provided in subsection (b), his beneficiary, designated pursuant to Section 4 hereof, shall receive in a lump sum, in lieu of the amount(s) otherwise payable to the Employee under this Agreement, a death benefit equal to the entire amount of the Employee’s Deferred Compensation Account, including the same Interest Equivalent as described in subsection (a) above, at the date of his death, provided that the Employee’s employment shall not have terminated on account of “Cause” as defined in subsection (c) hereof. In the event that the Employee should die after the termination of his employment for “Cause,” whether prior to or on or after attainment of age 55, and in either case prior to the date upon which payment of his Deferred Compensation Account has been made or has commenced, his beneficiary, designated pursuant to Section 4 hereof, shall receive a return of the amounts deferred (excluding any Interest Equivalent). No Interest Equivalent shall be credited to the Employee‘s Deferred Compensation Account in the event of the Employee’s death after his termination on account of “Cause” as provided in subsection (c) hereof. In either case, the Employee’s beneficiary shall receive such death benefit on the thirtieth (30th) day following the death of the Employee.
Death After Termination of Employment. If the Executive dies after Termination of Employment and the Executive is entitled to the normal retirement benefit provided by Section 2.1 or the Disability benefit provided by Section 2.3, the Bank shall pay to the Executive’s Beneficiary (a) an amount in cash equal to the Accrual Balance remaining at the time of the Executive’s death, and (b) the benefit described in the Split Dollar Agreement. If the Executive dies after Termination of Employment and the Executive has previously received payment of the Early Termination benefit under Section 2.2 or the Change-in-Control benefit under Section 2.4, the Bank shall pay to the Executive’s Beneficiary the benefit described in the Split Dollar Agreement. However, no benefits under this Agreement or under the Split Dollar Agreement shall be paid or payable to the Executive, the Executive’s Beneficiary, or the Executive’s estate if this Agreement is terminated according to Article 5.
Death After Termination of Employment. If (i) the Optionee’s Termination of Employment is for any reason other than death and (ii) the Optionee dies after such Termination of Employment but before the date the Options must be exercised as set forth in the preceding subsections, unvested Options shall be forfeited, and any Options, to the extent they are vested on the date of the Optionee’s death, may be exercised, in whole or in part, by the Optionee’s Designated Beneficiary at any time on or before the earlier to occur of (x) the Expiration Date of the Option and (y) the first anniversary of the date of death.
Death After Termination of Employment. If the Executive dies after Termination of Employment and while receiving payments (or entitled to receive payments) under this Plan, the Bank shall pay to the Executive’s Beneficiary a lump sum cash payment equal to the remaining payments to be made. The lump sum cash payment will be made no later than sixty (60) days following the date of death.
