Common use of Death After Termination of Employment But Before Benefit Distributions Commence Clause in Contracts

Death After Termination of Employment But Before Benefit Distributions Commence. If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Company shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days following receipt by the Company of the Executive’s death certificate.

Appears in 3 contracts

Samples: Continuation Agreement, Salary Continuation Agreement (Sierra Bancorp), Continuation Agreement (Sierra Bancorp)

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Death After Termination of Employment But Before Benefit Distributions Commence. If the Executive is entitled to benefit distributions under this Agreement, Agreement but dies prior to the commencement of said benefit distributions, the Company Bank shall distribute to the Beneficiary the same benefits that to which the Executive was entitled to prior to death death, except that the HOME FEDERAL BANK Third Amended and Restated Salary Continuation Agreement benefit distributions shall commence within thirty (30) days following receipt by the Company Bank of the Executive’s death certificate.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Home Federal Bancorp, Inc.)

Death After Termination of Employment But Before Benefit Distributions Commence. If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Company shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days following receipt by on the Company first day of the fourth month following the Executive’s death certificate's death.

Appears in 1 contract

Samples: Continuation Agreement (Ohio Valley Banc Corp)

Death After Termination of Employment But Before Benefit Distributions Commence. If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Company shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days on the first day of the fourth month following receipt by the Company of the Executive’s death certificatedeath.

Appears in 1 contract

Samples: Salary Continuation Agreement (Ohio Valley Banc Corp)

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Death After Termination of Employment But Before Benefit Distributions Commence. If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Company Bank shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty sixty (3060) days following receipt by the Company Bank of the Executive’s death certificate.

Appears in 1 contract

Samples: Retirement Income Agreement (Home Federal Bancorp)

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