Death Benefit Payable to Beneficiary. Within 60 days after the Director’s death, the Company shall pay to the Director’s Beneficiary in a single lump sum the Director’s Deferral Account as of the time of death, whether the Director dies while in active service to the Company or after Separation from Service. The Company shall have no further obligations under this Agreement after payment of the Deferral Account balance to the Beneficiary.
Appears in 5 contracts
Samples: Elective Income Deferral Agreement (Capital Corp of the West), Elective Income Deferral Agreement (Capital Corp of the West), Elective Income Deferral Agreement (Capital Corp of the West)
