Death Before Separation from Service. If the Executive dies before Separation from Service, at the Executive’s death the Bank shall pay to the Executive’s Beneficiary the benefit described in this section 3.1 instead of any other benefit under this Agreement.
Appears in 5 contracts
Sources: Supplemental Executive Retirement Plan Agreement (Select Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (Select Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.)