Death After Termination of Employment But Before Payment of Retirement Benefit Commences. If the Executive is entitled to a Retirement Benefit under this Agreement, but dies prior to the commencement of such benefit payments, the Company shall pay the same benefit payments to the 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: Continuation Agreement (Consumers Bancorp Inc /Oh/), Salary Continuation Agreement (Consumers Bancorp Inc /Oh/), Continuation Agreement (Consumers Bancorp Inc /Oh/)
Death After Termination of Employment But Before Payment of Retirement Benefit Commences. If the Executive is entitled to a Retirement Benefit benefit under this Agreement, but dies prior to the commencement of such benefit payments, the Company shall pay the same benefit payments to the 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 1 contract
Samples: Consumers National Bank (Consumers Bancorp Inc /Oh/)
