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: Phantom Stock Appreciation Rights Agreement (Standard Financial Corp.), Director Deferred Fee Agreement (Luxemburg Bancshares Inc), Director Deferred Fee Agreement (Community Valley 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 in lieu of any other benefit under this Agreement5.1.
Appears in 21 contracts
Samples: Director Incentive Retirement Agreement (Smithtown Bancorp Inc), Director Incentive Retirement Agreement (Smithtown Bancorp Inc), Director Incentive Retirement Agreement (First Litchfield Financial 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 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 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: Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares 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 9 contracts
Samples: Director Retirement Agreement, 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 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: Director Retirement Agreement (McIntosh Bancshares Inc /Ga/), Director Retirement Agreement (McIntosh Bancshares Inc /Ga/), Director Retirement Agreement (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 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 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: Director Retirement Agreement, Director Retirement Agreement (Sierra Bancorp), Director Retirement Agreement (Sierra 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. This benefit shall be paid in lieu of any other benefit the Lifetime Benefits under this AgreementArticle 2.
Appears in 2 contracts
Samples: Director Retirement Agreement (Ohio Valley Banc Corp), Director Retirement Agreement (Cooperative Bankshares Inc)
Death During Active Service. If the Director Officer dies while in the active service of the Company, the Company shall pay to the Director's Officer’s beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.
Appears in 2 contracts
Samples: Phantom Stock Appreciation Rights Agreement (Standard Financial Corp.), Phantom Stock Appreciation Rights Agreement (Standard Financial 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 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 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.
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 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: Director Retirement Agreement (Community Financial Corp /Va/), Salary Continuation Agreement (Appalachian 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 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), Deferred Fee Agreement (Lawrence Financial Holdings 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 Agreementbenefits described in Article 2.
Appears in 2 contracts
Samples: Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc)
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), Stock Appreciation Rights Agreement (Commerce National 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 paid in lieu of any other benefit the benefits under this AgreementArticle 2.
Appears in 1 contract
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 1 contract
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. 5.
Appears in 1 contract
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)
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.
Appears in 1 contract
Samples: Director 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: Director Deferred Incentive Agreement (Home Federal Bancorp Inc)
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: Director Deferred Fee Agreement (Iowa First Bancshares Corp)
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
