Common use of Death After Termination of Service But Before Payment of a Lifetime Benefit Commences Clause in Contracts

Death After Termination of Service But Before Payment of a Lifetime Benefit Commences. If the Director is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Company shall pay to the Director's beneficiary the same benefits that the Director was entitled to prior to death except that the benefit distributions shall commence on the first day of the fourth month following the Director's death.

Death After Termination of Service But Before Payment of a Lifetime Benefit Commences. If the Director is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Company shall pay to the Director's ’s beneficiary the same benefits that the Director was entitled to prior to death except that the benefit distributions shall commence on the first day of the fourth month following the Director's ’s death.

Death After Termination of Service But Before Payment of a Lifetime Benefit Commences. If the Director is entitled to benefit distributions a Lifetime Benefit under Article 2 of this Agreement, but dies prior to the commencement of said benefit distributionspayments, the Company shall not pay said benefit, but, in lieu thereof, shall pay to the Director's ’s beneficiary the same benefits that present value of said benefit in a split-dollar arrangement described in the Director was entitled to prior to death except that Split Dollar Agreement attached as Addendum A between the benefit distributions shall commence on the first day of the fourth month following Company and the Director's death.

Death After Termination of Service But Before Payment of a Lifetime Benefit Commences. If the Director is entitled to benefit distributions a Lifetime Benefit under this Agreement, but dies prior to the commencement of said benefit distributionspayments, the Company shall pay the same benefit payments to the Director's beneficiary the same benefits that the Director was entitled to prior to death except that the benefit distributions payments shall commence on the first day of the fourth month following the date of the Director's death.