Common use of Death Benefit After Commencement of Benefits Clause in Contracts

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.

Appears in 5 contracts

Samples: Director Deferred Compensation Agreement, Director Deferred Compensation Agreement (First Capital Inc), Director Deferred Compensation Agreement (First Capital Inc)

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