Common use of Death Before Normal Retirement Age but After Separation from Service Clause in Contracts

Death Before Normal Retirement Age but After Separation from Service. (a) After payments begin. If, a Separation from Service before Normal Retirement Age having previously occurred, the Director dies after Early Termination benefits under section 2.2 or Disability benefits under section 2.3 begin but before receiving all such payments, the Company shall pay the remaining benefits to the Director’s Beneficiary at the same time and in the same amounts the payments would have been made to the Director had the Director survived.

Appears in 8 contracts

Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Amended Director Retirement Agreement (Cortland Bancorp Inc)

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