Common use of Death During Active Service Clause in Contracts

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 56 contracts

Samples: Supplemental Executive Retirement Agreement (South Financial Group Inc), Supplemental Executive Retirement Agreement (South Financial Group Inc), Supplemental Executive Retirement Agreement (South Financial Group Inc)

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Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's ’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 37 contracts

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/), Salary Continuation Agreement (Community Financial Corp /Md/), Salary Continuation Agreement (Community Financial Corp /Md/)

Death During Active Service. If the Executive dies while in the active service of the CompanyBank, the Company Bank shall pay to the Executive's ’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 22 contracts

Samples: Salary Continuation Agreement (Acnb Corp), Salary Continuation Agreement (Acnb Corp), Salary Continuation Agreement (Acnb Corp)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 20 contracts

Samples: Salary Continuation Agreement (United Bancshares Inc/Oh), Salary Continuation Agreement (Westbury Bancorp, Inc.), Salary Continuation Agreement (Westbury Bancorp, Inc.)

Death During Active Service. If the Executive dies while in the active service employment of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid 5.1 in lieu of the Lifetime Benefits of Article 2any other benefit under this Agreement.

Appears in 18 contracts

Samples: Executive Deferred Compensation Agreement (Iowa First Bancshares Corp), Executive Deferred Compensation Agreement (North Valley Bancorp), Executive Deferred Compensation Agreement (QCR Holdings Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 25.1.

Appears in 17 contracts

Samples: Executive Incentive Retirement Agreement (Smithtown Bancorp Inc), Executive Incentive Retirement Agreement (Smithtown Bancorp Inc), Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 13 contracts

Samples: Salary Continuation Agreement (Tri County Financial Corp /Md/), Salary Continuation Agreement (Ohio Valley Banc Corp), Salary Continuation Agreement (Cornerstone Bancorp Inc)

Death During Active Service. If the Executive dies prior to a Change in Control while in the active service of the CompanyCompany and the Bank, the Company and the Bank shall jointly and severally pay to the Executive's beneficiary Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 13 contracts

Samples: Employment Agreement (1st United Bancorp, Inc.), Employment Agreement (1st United Bancorp, Inc.), Employment Agreement (1st United Bancorp, Inc.)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 12 contracts

Samples: Salary Continuation Agreement (First Keystone Corp), Salary Continuation Agreement (Lake Ariel Bancorp Inc), Salary Continuation Agreement (Valley National Corp /De/)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's ’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 11 contracts

Samples: Salary Continuation Agreement (Codorus Valley Bancorp Inc), Salary Continuation Agreement (Codorus Valley Bancorp Inc), Salary Continuation Agreement (Codorus Valley Bancorp Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay distribute to the Executive's beneficiary Beneficiary the benefit described in this Section 3.1. This benefit shall be paid distributed in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 11 contracts

Samples: Salary Continuation Agreement, Salary Continuation Agreement (Ohio Valley Banc Corp), Salary Continuation Agreement (Peoples Federal Bancshares, Inc.)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's ’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 9 contracts

Samples: Salary Continuation Agreement (First Keystone Corp), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Salary Continuation Benefits of Article 2.

Appears in 7 contracts

Samples: Salary Continuation Agreement (West Pointe Bancorp Inc), Salary Continuation Agreement (West Pointe Bancorp Inc), Salary Continuation Agreement (West Pointe Bancorp Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's ’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid 5.1 in lieu of the Lifetime Benefits of Article 2any other benefit under this Agreement.

Appears in 6 contracts

Samples: Deferred Compensation Agreement (Hf Financial Corp), Phantom Incentive Stock Option Agreement (Cape Bancorp, Inc.), Phantom Restricted Stock Agreement (Cape Bancorp, Inc.)

Death During Active Service. If the Executive dies while in the active service of employed by the Company, the Company shall pay to the Executive's beneficiary ’s Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2all other benefits under this Agreement.

Appears in 6 contracts

Samples: Salary Continuation Agreement (Greer Bancshares Inc), Salary Continuation Agreement (Greer Bancshares Inc), Salary Continuation Agreement (Greer Bancshares Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, and is entitled to a benefit under Article 2 of this Agreement, the Company shall pay the same benefit payments and for the same period of time as provided in the Agreement to the Executive's ’s beneficiary in the amount that the Executive was entitled to as of the date of his death under said Article 2, except that the benefit described in this Section 3.1. This benefit payments shall be paid in lieu commence on the first day of the Lifetime Benefits month following the date of Article 2the Executive’s death.

Appears in 6 contracts

Samples: Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv), Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv), Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit a Death Benefit as described in this Section 3.13. 1. This benefit Death Benefit shall be paid in lieu of the Lifetime Benefits payment of benefits to Executive under Article 2.

Appears in 5 contracts

Samples: Salary Continuation Agreement (First Community Financial Corp), Salary Continuation Agreement (First Community Financial Corp), Salary Continuation Agreement (First Community Financial Corp)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of any benefits described in Article 2.

Appears in 5 contracts

Samples: Salary Continuation Agreement (United Security Bancshares Inc), Salary Continuation Agreement (United Security Bancshares Inc), Salary Continuation Agreement (United Security Bancshares Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary Beneficiary the benefit "Preretirement Death Benefit" described in this Section 3.1. This benefit shall be paid 3.1 in lieu of any other benefit under this Agreement. The Company shall not pay any Preretirement Death Benefit under this Section 3.1 if the Lifetime Benefits of Executive has received any lifetime benefit payment provided under Article 2.

Appears in 5 contracts

Samples: Supplemental Executive Retirement Agreement (Cb Bancshares Inc/Hi), Supplemental Executive Retirement Agreement (Cb Bancshares Inc/Hi), Supplemental Executive Retirement Agreement (Cb Bancshares Inc/Hi)

Death During Active Service. If the Executive dies while in the active service of the CompanyBank, the Company Bank shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 5 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Roma Financial Corp), Supplemental Executive Retirement Plan Agreement (Capital Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Emclaire Financial Corp)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid 5.1 in lieu of the Lifetime Benefits of Article 2any other benefit under this Agreement.

Appears in 5 contracts

Samples: Deferred Compensation Agreement (Southern Michigan Bancorp Inc), Deferred Compensation Agreement (Southern Michigan Bancorp Inc), Phantom Stock Agreement (CNB Corp /Sc/)

Death During Active Service. If the Executive dies while in employed by the active service Employer, instead of any benefits payable under Article 2 of this Agreement the Company, the Company Employer shall pay to the Executive's beneficiary ’s Beneficiary the present value of the amount necessary to provide the full benefit described in section 2.1.1 and identified on Schedule A. The Employer shall pay the death benefit under this Section 3.1. This benefit shall be paid in lieu of 3.1 within thirty (30) days after the Lifetime Benefits of Article 2Executive’s death.

Appears in 4 contracts

Samples: Salary Continuation Agreement (Gateway Financial Holdings Inc), Salary Continuation Agreement (Gateway Financial Holdings Inc), Salary Continuation Agreement (Gateway Financial Holdings Inc)

Death During Active Service. If the Executive dies while in the active service of to the Company, the Company shall pay distribute to the Executive's beneficiary Beneficiary the benefit described in this Section 3.15.1. This benefit shall be paid distributed in lieu of the Lifetime Benefits of benefits under Article 24.

Appears in 4 contracts

Samples: Executive Incentive Retirement Plan (Sterling Bancorp, Inc.), Executive Incentive Retirement Plan (Sterling Bancorp, Inc.), Executive Incentive Retirement Plan (Sterling Bancorp, Inc.)

Death During Active Service. If the Executive dies while in the active service of the CompanyCompany and the Bank, the Company and the Bank shall jointly and severally pay to the Executive's beneficiary Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Plan Agreement (1st United Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (1st United Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (1st United Bancorp, Inc.)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary ’s Beneficiary the benefit “Preretirement Death Benefit” described in this Section 3.1. This benefit shall be paid 3.1 in lieu of any other benefit under this Agreement. The Company shall not pay any Preretirement Death Benefit under this Section 3.1 if the Lifetime Benefits of Executive has received any lifetime benefit payment provided under Article 2.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Agreement (Central Pacific Financial Corp), Supplemental Executive Retirement Agreement (Central Pacific Financial Corp), Supplemental Executive Retirement Agreement (Cb Bancshares Inc/Hi)

Death During Active Service. If the Executive dies while in the active service of the CompanyEmployers, the Company Bank shall pay to the Executive's beneficiary the benefit described in this Section Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp), Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp), Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of any benefits under Article 2.

Appears in 3 contracts

Samples: Salary Continuation Agreement (First Security Group Inc/Tn), Salary Continuation Agreement (First Security Group Inc/Tn), Salary Continuation Agreement (First Security Group Inc/Tn)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 23.

Appears in 2 contracts

Samples: Salary Continuation Agreement (City National Bancshares Corp), Salary Continuation Agreement (City National Bancshares Corp)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's ’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 25.1.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Sunshine Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (Sunshine Bancorp, Inc.)

Death During Active Service. If Upon the Executive dies Executive’s death while in the active service of the Company, the Company shall pay to the Executive's ’s designated beneficiary, or if no beneficiary has been designated, to Executive’s estate, the benefit described in this Section 3.1. This benefit shall be paid 3.1 in lieu of the Lifetime Benefits of Article 2any other benefit under this Agreement.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Canyon Bancorp), Salary Continuation Agreement (Canyon Bancorp)

Death During Active Service. If the Executive dies while in the --------------------------- active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of described in Article 2.

Appears in 2 contracts

Samples: Salary Continuation Agreement (United Panam Financial Corp), Salary Continuation Agreement (United Panam Financial Corp)

Death During Active Service. If the Executive dies while in the active service of employed by the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid 3.1 in lieu of the Lifetime Benefits of Article 2any other benefit under this Agreement.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Peoples Bancorporation Inc /Sc/), Salary Continuation Agreement (Peoples Bancorporation Inc /Sc/)

Death During Active Service. If the Executive dies while in the active service of the CompanyBank, the Company Bank shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime lifetime Benefits of Article 2.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Capital Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Capital Bancorp Inc)

Death During Active Service. If the Executive dies while in the active service of the CompanyCorporation, the Company Corporation shall pay distribute to the Executive's beneficiary Beneficiary the benefit described in this Section 3.1. This benefit shall be paid distributed in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 2 contracts

Samples: Salary Continuation Agreement (National Bankshares Inc), Salary Continuation Agreement (National Bankshares Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.13. 1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Fidelity Bancorp Inc), Salary Continuation Agreement (Orrstown Financial Services Inc)

Death During Active Service. If the Executive dies while in employed by the active service Employer, instead of the Company, the Company shall pay to any benefits payable under Article 2 of this Agreement the Executive's beneficiary ’s Beneficiary shall receive the benefit benefits described in this Section 3.1. This benefit shall be paid 3.1 in lieu of the Lifetime Benefits of Article 2any other benefits under this Agreement.

Appears in 2 contracts

Samples: Salary Continuation Plan (Charter Financial Corp/Ga), Salary Continuation Plan (Charter Financial Corp)

Death During Active Service. If the Executive dies [while in the active service of to the Company/prior to Termination of Employment], the Company shall pay distribute to the Executive's beneficiary Beneficiary the benefit described in this Section 3.15.1. This benefit shall be paid distributed in lieu of the Lifetime Benefits of benefits under Article 24.

Appears in 2 contracts

Samples: Executive Deferred Compensation Agreement (Ohio Valley Banc Corp), Executive Deferred Compensation Agreement (Ohio Valley Banc Corp)

Death During Active Service. If the Executive dies while in the active service prior to a Termination of the CompanyEmployment, the Company shall pay to the Executive's beneficiary Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of any benefits under Article 2.

Appears in 1 contract

Samples: Salary Continuation Agreement (Synovus Financial Corp)

Death During Active Service. If the Executive dies while in the active service of the CompanyBank, the Company Bank shall pay to the Executive's beneficiary the benefit described in this Section 3.1Section3. 1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.ARTICLE

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Capital Bancorp Inc)

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Death During Active Service. If the Executive dies while in employed by the active service of the CompanyCompany and prior to receiving any payments under this Agreement, the Company shall pay to the Executive's ’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Citizens Holding Co /MS/)

Death During Active Service. If the Executive dies while in employed by the active service Employer, and prior to becoming entitled to payment of the Companybenefits under Article 2, the Company shall pay Executive’s Account will be paid to the Executive's beneficiary the benefit ’s Beneficiary as described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 1 contract

Samples: Supplemental Salary Continuation Plan Agreement (Tennessee Commerce Bancorp, Inc.)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit Benefit as described in this Section 3.13. 1. This benefit Benefit shall be paid in lieu of the Lifetime Benefits payment of benefits to Executive under Article 2.

Appears in 1 contract

Samples: Salary Continuation Agreement (First Community Financial Corp)

Death During Active Service. If the Executive dies while in the active service of the Company, prior to the 5th Anniversary of Executive’s date of hire, October 20, 2013, the Company shall pay distribute to the Executive's beneficiary Beneficiary the benefit described in this Section 3.1. This benefit shall be paid distributed in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Fentura Financial Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.13. This benefit shall be paid in lieu of the Lifetime Benefits of Article 21.

Appears in 1 contract

Samples: Standard Office Lease (Orange National Bancorp)

Death During Active Service. If the Executive dies while in the active service employment of the Company, the Company shall pay to the Executive's ’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid 5.1 in lieu of the Lifetime Benefits of Article 2any other benefit under this Agreement.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Coastal Banking Co Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, or after meeting the definition of Disability, the Company shall pay to the Executive's beneficiary Beneficiary the benefit described in this Section 3.13. 1. This benefit shall be paid in lieu of the Lifetime Benefits of benefits under Article 2, and in lieu of any other benefits under this Article.

Appears in 1 contract

Samples: Salary Continuation Agreement (Home Federal Bancorp Inc)

Death During Active Service. If the Executive dies while in the active service of the CompanyBank, the Company Bank shall pay to the Executive's ’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 1 contract

Samples: Salary Continuation Agreement (Juniata Valley Financial Corp)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary Beneficiary the benefit "Preretirement Death Benefit" described in this Section 3.1. This benefit shall be paid 4.1 in lieu of any other benefit under this Agreement. The Company shall not pay any Preretirement Death Benefit under this Section 4.1 if the Lifetime Benefits of Executive has received any lifetime benefit payment provided under Article 23.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Cb Bancshares Inc/Hi)

Death During Active Service. If the Executive dies while in employed by the active service of the CompanyCompany and prior to receiving any payments under this Agreement, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 1 contract

Samples: Salary Continuation Agreement (Southside Bancshares Corp)

Death During Active Service. If the Executive dies while in the active service of the CompanyCompany or a Subsidiary, the Company shall pay to the Executive's ’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (First Internet Bancorp)

Death During Active Service. If the Executive dies while in the active service prior to Termination of the CompanyEmployment, the Company shall pay to the Executive's ’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 1 contract

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/)

Death During Active Service. If the Executive dies while in the active service of the CompanyEmployer, the Company Employer shall pay to the Executive's ’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in the Split Dollar Agreement of even date herewith between the Company and the Executive; provided, however, the Company shall not pay any benefit under this Section 3.1. This benefit shall be paid in lieu 3.1 if the Executive has received any of the Lifetime Termination Benefits of under Article 2.

Appears in 1 contract

Samples: Salary Continuation Agreement (Ridgestone Financial Services Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.13. 1. This benefit shall be paid in lieu of mirror the Lifetime Benefits of Article 2death benefit provided by the Pension Plan.

Appears in 1 contract

Samples: Excess Benefit Plan Agreement (Home Federal Bancorp)

Death During Active Service. If the Executive dies while in the active service of the CompanyBank, the Company Bank shall pay to the Executive's beneficiary Beneficiary the benefit described in this Section 3.13. 1. This benefit shall be paid in lieu of the Lifetime Benefits of benefits under Article 2, and in lieu of any other benefits under this Article.

Appears in 1 contract

Samples: Salary Continuation Agreement (Home Federal Bancorp Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid 3.1 in lieu of the Lifetime Benefits of Article 2any other benefits under this Agreement.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (South Financial Group Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay distribute to the Executive's beneficiary Beneficiary the benefit described in this Section 3.15.1. This benefit shall be paid distributed in lieu of the Lifetime Benefits of benefits under Article 24.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Ohio Valley Banc Corp)

Death During Active Service. If the Executive dies while in the active service of the Company, prior to the Executive’s attainment of age 65, the Company shall pay distribute to the Executive's beneficiary Beneficiary the benefit described in this Section 3.1. This benefit shall be paid distributed in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Fentura Financial Inc)

Death During Active Service. If the Executive dies while in the active service of the CompanyEmployer, the Company Employer shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary Beneficiary(ies) the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 1 contract

Samples: Salary Continuation Agreement (Central Federal Corp)

Death During Active Service. If the Executive dies while in the active service of the CompanyCompany and prior to the end of the Executive’s fifth consecutive Year of Participation, the Company shall pay distribute to the Executive's beneficiary Beneficiary the benefit described in this Section 3.1. This benefit shall be paid distributed in lieu of the Lifetime Benefits of benefits under Article 2.

Appears in 1 contract

Samples: Executive Bonus Agreement (NSB Holdings, Inc.)

Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's ’s designated beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.

Appears in 1 contract

Samples: Supplemental Retirement Agreement (United Financial Corp \Mn\)

Death During Active Service. If the Executive dies while in the active service of to the Company, the Company shall pay to the Executive's beneficiary Beneficiary the benefit described in this Section 3.1. This benefit shall be paid 5.1 in lieu of the Lifetime Benefits of Article 2any other benefit under this Agreement.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Mercantile Bank Corp)

Death During Active Service. If the Executive dies while in the active service of the CompanyBank, the Company Bank shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.ARTICLE

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Capital Bancorp Inc)

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