Death During Active Service. If the Director dies while in the service of the Bank, the Bank shall pay to the Director’s beneficiary the early termination benefit described in Section 4.2 instead of any other benefit under this Amended Agreement.
Appears in 4 contracts
Samples: Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc)
Death During Active Service. If the Director dies while in the active service of the BankBank and prior to the Normal Termination Date, the Bank shall pay to the Director’s beneficiary the early termination benefit described in this Section 4.2 instead 5.1 and such benefit shall be in lieu of any other benefit under in this Amended Agreement.
Appears in 3 contracts
Samples: Deferred Fee Agreement (Plumas Bancorp), Deferred Fee Agreement (Plumas Bancorp), Deferred Fee Agreement (Plumas Bancorp)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Director’s beneficiary the early termination benefit described in this Section 4.2 instead 5.1 in lieu of any other benefit under this Amended Agreement.
Appears in 2 contracts
Samples: Director Deferred Fee Agreement (SI Financial Group, Inc.), Director Deferred Fee Agreement (SI Financial Group, Inc.)
Death During Active Service. If the Director dies while in the service of the Bank, the Bank shall pay to the Director’s beneficiary the early termination retirement benefit described in Section 4.2 instead in lieu of any other benefit under this Amended Agreement.
Appears in 2 contracts
Samples: Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc)
Death During Active Service. If the Director dies while in the active service of the BankBank and prior to the Normal Termination Date and Distribution Date, the Bank shall pay to the Director’s 's beneficiary the early termination benefit described in this Section 4.2 instead 5.1 and such benefit shall be in lieu of any other benefit under in this Amended Agreement.
Appears in 2 contracts
Samples: Deferred Fee Agreement (Plumas Bancorp), Deferred Fee Agreement (Plumas Bancorp)
Death During Active Service. If the Director dies while in the service of the Bank, the Bank shall pay to the Director’s beneficiary the early termination retirement benefit described in Section 4.2 instead in lieu of any other benefit under this Amended Agreement.
Appears in 2 contracts
Samples: Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc)
Death During Active Service. If the Director dies while in the active service of the BankBank and prior to the Specified Time, the Bank shall pay to the Director’s beneficiary the early termination benefit described in this Section 4.2 instead 5.01 and such benefit shall be in lieu of any other benefit under in this Amended Agreement.
Appears in 1 contract
Death During Active Service. If IF the Director dies while in the active service of the Bank, the Bank shall pay to the Director’s 's beneficiary the early termination benefit described in this Section 4.2 instead 3. 1 in lieu of any all other benefit benefits under this Amended Agreement.
Appears in 1 contract
Samples: Director Retirement Agreement (Republic Security Financial Corp)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Director’s 's beneficiary the early termination benefit described in Section 4.2 instead this section 5.1 in lieu of any other benefit under this Amended Agreement.
Appears in 1 contract
Samples: Director Deferred Fee Agreement (California Independent Bancorp)
