Death After Termination of Employment 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 shall pay the same benefit payments to the Beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive’s death.
Appears in 20 contracts
Samples: Salary Continuation Agreement (United Bancshares Inc/Oh), Salary Continuation Agreement (Westbury Bancorp, Inc.), Salary Continuation Agreement (Westbury Bancorp, Inc.)
Death After Termination of Employment 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 Bank shall pay the same benefit payments to the Beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive’s death.
Appears in 9 contracts
Samples: Salary Continuation Agreement (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Home Federal Bancorp, Inc.)
Death After Termination of Employment 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 Bank shall pay the same benefit payments to the Beneficiary that the Executive was entitled to prior to death death, except that the benefit payments shall commence on the first day of the month following the date of the Executive’s death.
Appears in 6 contracts
Samples: Salary Continuation Agreement (Peoples Federal Bancshares, Inc.), Salary Continuation Agreement (Peoples Federal Bancshares, Inc.), Salary Continuation Agreement (Appalachian Bancshares Inc)
Death After Termination of Employment 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 shall pay the same benefit payments to the Beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive’s 's death.
Appears in 6 contracts
Samples: Salary Continuation Agreement (Home Federal Bancorp Inc), Salary Continuation Agreement (West Pointe Bancorp Inc), Salary Continuation Agreement (Heartland Bancshares Inc /In/)
Death After Termination of Employment 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 prior to the commencement of said benefit payments, the Company shall 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 on the first day of the month following the date of the Executive’s death.
Appears in 5 contracts
Samples: Salary Continuation Agreement (Community Capital Corp /Sc/), Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv), Salary Continuation Agreement (Community Capital Corp /Sc/)
Death After Termination of Employment 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 prior to the commencement of said benefit payments, the Company shall 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 on the first day of the month following the date of the Executive’s 's death.
Appears in 5 contracts
Samples: Supplemental Executive Retirement Agreement (MBT Financial Corp), Supplemental Executive Retirement Agreement (MBT Financial Corp), Supplemental Executive Retirement Agreement (MBT Financial Corp)
Death After Termination of Employment 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 prior to the commencement of said benefit payments, the Company shall 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 on the first day of the month following the date of the Executive’s death, without any reduction for earlier commencement.
Appears in 4 contracts
Samples: Salary Continuation Agreement (Community Financial Corp /Md/), Salary Continuation Agreement (Community Financial Corp /Md/), Salary Continuation Agreement (Tri County Financial Corp /Md/)
Death After Termination of Employment 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 prior to the commencement of said benefit payments, the Company shall 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 on the first day of the month following the date of the Executive’s 's death, without any reduction for earlier commencement.
Appears in 4 contracts
Samples: Salary Continuation Agreement (Tri County Financial Corp /Md/), Salary Continuation Agreement (Tri County Financial Corp /Md/), Salary Continuation Agreement (Tri County Financial Corp /Md/)
Death After Termination of Employment 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 prior to the commencement of said benefit payments, the Company Bank shall 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 on the first day of the month following the date of the Executive’s death.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Beverly National Corp), Salary Continuation Agreement (Beverly National Corp), Salary Continuation Agreement (Beverly National Corp)
Death After Termination of Employment 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 prior to the commencement of said benefit payments, the Company Bank shall 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 on the first last day of the month following the date of the Executive’s death.
Appears in 1 contract
Samples: Executive Deferred Compensation Agreement (PSB Holdings Inc /Wi/)
Death After Termination of Employment 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 paymentspayments (but after a Termination of Employment), the Company shall pay the same then present value of the unpaid benefits, calculated using the Discount Rate, compounded monthly, and assuming benefit payments at the dates they would have been paid had the Executive lived to receive them, to the Beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month in a lump sum within sixty (60) days following the date of the Executive’s 's death.
Appears in 1 contract
Samples: Salary Continuation Agreement (Synovus Financial Corp)
Death After Termination of Employment But Before Payment of a Benefit Commences. If the Executive is entitled to any benefit payments under Article 2 4 of this Agreement, but dies prior to the commencement of said benefit payments, the Company Bank shall pay the same benefit payments to the Beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month within sixty (60) days following the date of the Executive’s 's death.
Appears in 1 contract
Samples: Executive Deferred Incentive Agreement (Home Federal Bancorp Inc)
Death After Termination of Employment 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 Bank shall pay the same benefit payments to the Beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive’s 's death.
Appears in 1 contract
Samples: Salary Continuation Agreement (Home Federal Bancorp Inc)
Death After Termination of Employment 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 prior to the commencement of said benefit payments, the Company shall 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 on the earlier of (i) the same time as they would have been paid to the Executive had the Executive survived or (ii) the first day of the month following the date of the Executive’s death.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv)
Death After Termination of Employment 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 shall pay the same benefit payments to the Beneficiary Beneficiary(ies) that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive’s 's death.
Appears in 1 contract
Samples: Salary Continuation Agreement (Central Federal Corp)
