Common use of Death Benefits Clause in Contracts

Death Benefits. Upon the Director's death prior to termination of this Agreement, the Company shall pay to the Director's beneficiary a benefit equal to the Retirement Account balance as of the Plan Anniversary immediately preceding the Director's death. The Company shall pay the benefit to the beneficiary in a lump sum within sixty (60) days following the Director's death.

Death Benefits. Upon the Director's ’s death prior to termination Termination of this AgreementService, the Company shall pay to the Director's beneficiary a benefit equal the sum of (i) the Accrual Balance on Schedule A for the Plan Year ending immediately prior to the Retirement Account balance as date of the Plan Anniversary immediately preceding Director’s death, plus (ii) the benefit described in the Split Dollar Agreement and Endorsement attached as Addendum A between the Company and the Director's death. The Company shall pay the benefit in (i) above to the Director’s beneficiary in a lump sum within sixty (60) 60 days following the Director's ’s death.

Death Benefits. Upon the Director's ’s death prior to termination of this Agreement, the Company shall pay to the Director's ’s beneficiary a benefit equal to the Retirement Deferral Account balance as of the end of the Plan Anniversary Year immediately preceding the Director's ’s death. The Company shall pay the benefit to the beneficiary in a lump sum within sixty (60) 30 days following the Director's ’s death.

Death Benefits. Upon the Director's death prior to termination of this Agreement, the Company Bank shall pay to the Director's beneficiary a benefit equal to the Retirement Account balance as of the Plan Anniversary Year immediately preceding the Director's death. The Company Bank shall pay the benefit to the beneficiary in a lump sum within sixty (60) 60 days following the Director's death.

Death Benefits. Upon the Director's death prior to termination of this Agreement, the Company shall pay to the Director's beneficiary a benefit equal to the Retirement Account balance as of difference between $120,000 and the Plan Anniversary immediately preceding total payments previously distributed to the Director's deathDirector under this Agreement. The Company shall pay the benefit to the beneficiary in a lump sum within sixty (60) 60 days following the Director's death. This shall terminate any further obligations the Company has to the Director or his beneficiary.

Death Benefits. Upon the Director's ’s death prior to termination of this Agreement, the Company shall pay to the Director's beneficiary ’s Beneficiary a benefit equal to the Retirement Account balance as of the Plan Anniversary Date immediately preceding the Director's ’s death. The Company shall pay the benefit to the beneficiary Beneficiary in a lump sum within sixty (60) days following the Director's ’s death.

Death Benefits. Upon the Director's death prior to the termination of this Agreement, the Company shall pay to the Director's beneficiary a benefit equal to the Retirement Deferral Account balance as of the Plan Anniversary immediately preceding date of the Director's death. The Company shall pay the benefit to the Director's beneficiary in a lump sum within sixty (60) 30 days following the Director's death.

Death Benefits. Upon the Director's ’s death prior to the termination of this Agreement, the Company shall pay to the Director's ’s beneficiary a benefit equal to the Retirement Deferral Account balance as of the Plan Anniversary immediately preceding date of the Director's ’s death. The Company shall pay the benefit to the Director’s beneficiary in a lump sum within sixty (60) 30 days following the Director's ’s death.

Death Benefits. Upon the Director's death prior to termination of this Agreement, the Company shall pay to the Director's beneficiary a benefit equal to the Retirement Account balance as of the Plan Anniversary Year immediately preceding the Director's death. The Company shall pay the benefit to the beneficiary in a lump sum within sixty (60) 60 days following the Director's death.