Death Benefit After Commencement of Benefits. In the event of Director’s death after the commencement of Retirement Benefits or Disability Retirement Benefits, but prior to the completion of all such payments due and owing hereunder, the Association shall pay to Director’s Beneficiary the Survivor’s Benefit for the remainder of the one hundred eighty (180) month period.
Death Benefit After Commencement of Benefits. In the event of the Employee's death after the commencement of Retirement Benefits, Normal Retirement Benefits, or Disability Retirement Benefits, but prior to the completion of all such payments due and owing hereunder, the Company shall continue to make such payments, in equal monthly installments, over the remainder of the period specified in paragraph 4 or 5 hereof that would have been applicable to the Employee had he survived. Such continuing payments shall be made to the Employee's designated beneficiary, in accordance with the last such designation received by the Company from the Employee prior to his death or if said payments are otherwise to be made as provided herein, said payments shall be made to the Employee's then living spouse, so long as she shall live and thereafter to such person or person, including her estate, as she may appoint under her Will, making specific reference hereto; if the Employee is not survived by a spouse or if she shall fail to so appoint, then said payments shall be made to the then living children of the Employee, if any, in equal shares, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Employee. Such continuing payments shall commence on the first day of the first month following the Employee's death.
Death Benefit After Commencement of Benefits. In the event of Pankuch's death after thx xxxxxxxement of Normal Retirement Benefits, but prior to the completion of all such payments due and owing hereunder, the Bank shall continue to make such payments, in equal annual installments, over the remainder of the period specified in paragraph 6 hereof that would have been applicable to Pankuch had he survived. Xxxx continuing payments shall be made to Pankuch's designated benxxxxxxxx, in accordance with the last such designation received by the Bank from Pankuch prior to hix xxxxx. If no such designation has been received by the Bank from Pankuch prior to his deaxx xx xf said payments are otherwise to be made as provided herein, said payments shall be made to Pankuch's then living spxxxx, so long as she shall live and thereafter to such person or persons, including her estate, as she may appoint under her Will, making specific reference hereto; if Pankuch is not survxxxx xx a spouse or if she shall fail to so appoint, then said payments shall be made to the then living children of Pankuch, if any, in equax xxxxxs, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of Pankuch. Such continuinx xxxxxnts shall be payable on January 31 of each year, commencing on the first such date occurring after the death of Pankuch.
Death Benefit After Commencement of Benefits. In the event of the Employee’s death after commencement of Retirement benefits, Normal Retirement Benefits, or Disability Retirement Benefits, but prior to the completion of all such payments due and owing hereunder, the Company shall pay the balance of the Accrued Benefit in a single lump sum the Employee’s designated beneficiary, in accordance with the last such designation received by the Company from the Employee prior to his or her death. If no such designation has been received by the Company from the Employee prior to death said payments shall be made to the Employee’s then living spouse, if any, and if there is no such living spouse, then said payment shall be made to the living children of the Employee, if any, in equal shares, and if there is no surviving spouse or surviving children, then such payments shall be made to the estate of the Employee. Such payments shall commence on the first day of the second month following the Employee’s death. At its sole option, the Company may pay the Employee’s entire Accrued Benefit as a single lump sum.
Death Benefit After Commencement of Benefits. In the event of the Executive's death after the commencement of Retirement Benefits or Disability Benefits, but prior to the completion of all such payments due and owing hereunder, the Corporation shall pay all remaining benefits due in one lump sum to the Executive's designated beneficiary in accordance with the last such designation received by the Corporation from the Executive prior to death within ninety (90) days after the Executive's date of death. If no such designation has been received by the Corporation from the Executive prior to death or if said payments are otherwise to be made as provided herein, said payments shall be made to the Executive's then living spouse; if the Executive is not survived by a spouse, then said payments shall be made to the then living children of the Executive, if any, in equal shares, and if none, to the estate of the Executive.
Death Benefit After Commencement of Benefits. In the event of Director’s death after the commencement of the Deferred Compensation Benefit or Disability Retirement Benefit, but prior to the completion of all such payments due and owing hereunder, the Bank shall pay to Director’s Beneficiary the Survivor’s Benefit as a single sum cash payment, which in this event shall be the Director’s remaining Deferred Compensation Benefit or Disability Retirement Benefit, as the case may be, less payments made prior to the Director’s death.
