Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.
Appears in 26 contracts
Samples: Year Agreement (Standard Financial Corp.), Director Deferred Fee Agreement (Tib Financial Corp.), Trust Director Deferred Fee Agreement (Southern Michigan Bancorp Inc)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement5.1.
Appears in 20 contracts
Samples: Incentive Retirement Agreement (Smithtown Bancorp Inc), Incentive Retirement Agreement (Smithtown Bancorp Inc), Fee Agreement (Citizens First Bancorp Inc)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 3.1. This benefit shall be paid in lieu of any other benefit under this Agreementbenefits described in Article 2.
Appears in 13 contracts
Samples: First United Security Bank Director Retirement Agreement (United Security Bancshares Inc), First United Security Bank Director Retirement Agreement (United Security Bancshares Inc), First United Security Bank Director Retirement Agreement (United Security Bancshares Inc)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's ’s beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.
Appears in 13 contracts
Samples: Director Deferred Fee Agreement (Madison County Financial, Inc.), Director Deferred Fee Agreement (Madison County Financial, Inc.), Director Deferred Fee Agreement (Madison County Financial, Inc.)
Death During Active Service. If the Director dies while in the active service of to the Company, the Company shall pay distribute to the Director's beneficiary Beneficiary the benefit described in this Section 5.1 5.1. This benefit shall be distributed in lieu of any other benefit the benefits under this AgreementArticle 4.
Appears in 9 contracts
Samples: Director Deferred Fee Agreement, Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Deferred Fee Agreement (Ohio Valley Banc Corp)
Death During Active Service. If the Director dies while in the active service as a Director of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 3.1 in lieu of any all other benefit benefits under this Agreement.
Appears in 8 contracts
Samples: Plumas Bank (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 3.1 in lieu of any other benefit under this AgreementArticle 2.
Appears in 7 contracts
Samples: Director Retirement Agreement (Fc Banc Corp), Director Retirement Agreement (Fc Banc Corp), Director Retirement Agreement (Fc Banc Corp)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay distribute to the Director's beneficiary Beneficiary the benefit described in this Section 5.1 3.1. This benefit shall be distributed in lieu of any other benefit the benefits under this AgreementArticle 2.
Appears in 7 contracts
Samples: Director Retirement Agreement (Ohio Valley Banc Corp), Director Retirement Agreement (Ohio Valley Banc Corp), Director Retirement Agreement (Ohio Valley Banc Corp)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's ’s beneficiary the benefit described in this Section 5.1 3.1. This benefit shall be paid in lieu of any other benefit the Lifetime Benefits under this AgreementArticle 2.
Appears in 7 contracts
Samples: McIntosh State Bank (McIntosh Bancshares Inc /Ga/), Elgin Financial Savings Bank Director Retirement Agreement (Efc Bancorp Inc), Elgin Financial Savings Bank (Efc Bancorp Inc)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's ’s beneficiary the benefit described in this Section 5.1 3.1. This benefit shall be paid in lieu of any other benefit under this Agreement.
Appears in 3 contracts
Samples: www.sec.gov, Director Retirement Agreement (Sierra Bancorp), Director Retirement Agreement (Sierra Bancorp)
Death During Active Service. If the Director dies before the Plan Termination Date while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.
Appears in 2 contracts
Samples: Stock Appreciation Rights Agreement (Commerce National Corp), Commerce National Corp
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 3.1. This benefit shall be paid in lieu of any other benefit the Lifetime Benefits under this AgreementArticle 2.
Appears in 2 contracts
Samples: Retirement Agreement (Ohio Valley Banc Corp), Agreement (Cooperative Bankshares Inc)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.5.1
Appears in 2 contracts
Samples: Director Deferred Fee Agreement (Ohio Valley Banc Corp), Lawrence Financial Holdings Inc
Death During Active Service. If the Director dies while in the active service of to the Company, the Company shall pay distribute to the Director's beneficiary Beneficiary the benefit described in this Section 5.1 5.1. This benefit shall be distributed in lieu of any other the benefit under this AgreementArticle 4.
Appears in 2 contracts
Samples: First Farmers and Merchants Corporation Director Deferred Compensation Agreement (First Farmers & Merchants Corp), Director Deferred Compensation Agreement (First Farmers & Merchants Corp)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's ’s beneficiary the benefit described in this Section 5.1 3.1. This benefit shall be paid in lieu of any other benefit under this Agreementbenefits described in Article 2.
Appears in 2 contracts
Samples: First United Security Bank (United Security Bancshares Inc), First United Security Bank (United Security Bancshares Inc)
Death During Active Service. If the Director dies while in the active service on the board of the Company, the Company shall pay to the Director's beneficiary the benefit primary and secondary benefits described in this Section 5.1 in lieu of any other benefit under this AgreementSections 4.1.1 and 4.1.2.
Appears in 2 contracts
Samples: Deferred Compensation Agreement (Banc Corp), Deferred Compensation Agreement (Banc Corp)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.5.1. 5.1.1
Appears in 2 contracts
Samples: Deferred Fee Agreement (Lafayette Bancorporation), Fee Agreement (Orange National Bancorp)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's ’s beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement5.1.
Appears in 2 contracts
Samples: Director Deferred Compensation Agreement (HCSB Financial Corp), Deferred Fee Agreement (Harvard Illinois Bancorp, Inc.)
Death During Active Service. If the Director dies while in the active service of to the CompanyCompany and/or the Bank, the Company and/or the Bank shall pay distribute to the Director's beneficiary Beneficiary the benefit described in this Section 5.1 5.1. This benefit shall be distributed in lieu of any other benefit the benefits under this AgreementArticle 4.
Appears in 2 contracts
Samples: Director Deferred Compensation Agreement (Sussex Bancorp), Director Deferred Compensation Agreement (Sussex Bancorp)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary Beneficiary the benefit described in this Section 5.1 3.1. This benefit shall be paid in lieu of any other benefit the benefits under this AgreementArticle 2.
Appears in 2 contracts
Samples: Community Bank Director Retirement Agreement (Community Financial Corp /Va/), Salary Continuation Agreement (Appalachian Bancshares Inc)
Death During Active Service. If Upon the Director dies Director's death while in the active service as a Director of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 3.1. This benefit shall be paid in lieu of any other benefit the Lifetime Benefits under this AgreementArticle 2.
Appears in 1 contract
Samples: Agreement (Plumas Bancorp)
Death During Active Service. If the Director dies while in the active service Service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.
Appears in 1 contract
Samples: Deferred Fee Agreement (Iowa First Bancshares Corp)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement3.1. 3.1.
Appears in 1 contract
Samples: Retirement Agreement (City National Bancshares Corp)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.Section
Appears in 1 contract
Samples: Deferred Incentive Agreement (Home Federal Bancorp Inc)
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.5. 1. 5. 1. 1
Appears in 1 contract
Death During Active Service. If the Director dies while in the active service as a Director of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 3.1 in lieu of any all other benefit benefits under this Agreement.. 3.1.1
Appears in 1 contract
Samples: Director Retirement Agreement
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 3. 1. This benefit shall be paid in lieu of any other benefit under this Agreementthe Lifetime Benefits of Article 2.
Appears in 1 contract
Samples: Director Retirement Agreement (Orrstown Financial Services Inc)
