Death During Active Service. If the Executive dies while in the employment of the Bank, the Bank shall pay to the Executive's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.
Appears in 12 contracts
Samples: Executive Deferred Compensation Agreement (QCR Holdings Inc), Executive Bonus Deferral Agreement (Columbia Bancorp \Or\), Executive Bonus Deferral Agreement (Columbia Bancorp \Or\)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive'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 benefits under this AgreementArticle 2.
Appears in 11 contracts
Samples: Salary Continuation Agreement (Heritage Oaks Bancorp), Salary Continuation Agreement (Heritage Oaks Bancorp), Salary Continuation Agreement (Heritage Oaks Bancorp)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's 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 8 contracts
Samples: Salary Continuation Agreement (Dutchfork Bancshares Inc), Executive Salary Continuation Agreement (Columbia Bancorp \Or\), Executive Salary Continuation Agreement (Columbia Bancorp \Or\)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive'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 benefits provided under this AgreementArticle 2.
Appears in 6 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Community Heritage Financial, Inc.), Supplemental Executive Retirement Plan Agreement (Community Heritage Financial, Inc.), Supplemental Executive Retirement Plan Agreement (Laurel Capital Group Inc)
Death During Active Service. If Except as provided in Section 5.2, if the Executive dies while in active service to the employment Bank before Normal Retirement Age, instead of the Bank, any benefit payable under this Agreement the Bank shall pay to the Executive's beneficiary beneficiary(ies) the benefit described in the Split Dollar Agreement and Endorsement attached to this Section 5.1 in lieu of any other benefit under this Agreement.Agreement as Addendum A.
Appears in 5 contracts
Samples: Salary Continuation Agreement (Newmil Bancorp Inc), Salary Continuation Agreement (Unizan Financial Corp), Salary Continuation Agreement (Newmil Bancorp Inc)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.3.1
Appears in 5 contracts
Samples: Supplemental Executive Retirement Agreement (Southbanc Shares Inc), Supplemental Executive Retirement Plan (Provident Community Bancshares, Inc.), Supplemental Executive Retirement Agreement (Southbanc Shares Inc)
Death During Active Service. If the Executive dies while in the employment active service of the BankBank and prior to receiving any payments under this Agreement, the Bank Executive’s Beneficiary shall pay be entitled to the Executive's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement3.1.
Appears in 4 contracts
Samples: Salary Continuation Agreement (Third Coast Bancshares, Inc.), Salary Continuation Agreement (Third Coast Bancshares, Inc.), Salary Continuation Agreement (Third Coast Bancshares, Inc.)
Death During Active Service. If the Executive dies while in employed by the employment of the BankBank and prior to receiving any payments under this Agreement, the Bank Executive’s Beneficiary shall pay be entitled to the Executive's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement3.1.
Appears in 4 contracts
Samples: Salary Continuation Agreement (CU Bancorp), Salary Continuation Agreement (CU Bancorp), Salary Continuation Agreement (Washington Banking Co)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement3.1.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc), Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc), Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's beneficiary or beneficiaries, or his estate, as the case may be, the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement3.1.
Appears in 3 contracts
Samples: Salary Continuation Agreement (High Point Financial Corp), Salary Continuation Agreement (High Point Financial Corp), Salary Continuation Agreement (High Point Financial Corp)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's beneficiary ’s Beneficiary the benefit “Preretirement Death Benefit” described in this Section 5.1 3.1 in lieu of any other benefit under this Agreement. The Bank shall not pay any Preretirement Death Benefit under this Section 3.1 if the Executive has received any of lifetime benefit payment provided under Article 2.
Appears in 3 contracts
Samples: Supplemental Employee Retirement Agreement (Territorial Bancorp Inc.), Supplemental Employee Retirement Agreement (Territorial Bancorp Inc.), Supplemental Employee Retirement Agreement (Territorial Bancorp Inc.)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's beneficiary Beneficiary the benefit described in this Section 5.1 3.1. This benefit shall be paid in lieu of the benefits under Article 2, and in lieu of any other benefit benefits under this AgreementArticle.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Home Federal Bancorp, Inc.)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's beneficiary the benefit described in this Section 5.1 3.1. This benefit shall be paid in lieu of any other benefit the benefits provided under this AgreementArticle 2.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Laurel Capital Group Inc), Supplemental Executive Retirement Plan Agreement (Laurel Capital Group Inc)
Death During Active Service. If the Executive dies while in the employment of the Bank, the Bank shall pay to the Executive's ’s beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.
Appears in 2 contracts
Samples: Executive Deferred Compensation Agreement (QCR Holdings Inc), Executive Deferred Compensation Agreement (PSB Holdings Inc /Wi/)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive'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 1 contract
Death During Active Service. If the Executive dies while in the employment active service of the BankBank or the Company, the Bank shall pay to the Executive's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.
Appears in 1 contract
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's beneficiary Beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreementthe benefits of Article 4.
Appears in 1 contract
Samples: Executive Deferred Incentive Agreement (Home Federal Bancorp Inc)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.
Appears in 1 contract
Samples: Phantom Stock Appreciation Rights Agreement (Roma Financial Corp)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's beneficiary Beneficiary shall be entitled to the benefit described in this Section 5.1 4.1 in lieu of any other benefit the benefits under this AgreementArticle 3.
Appears in 1 contract
Samples: Incentive Deferred Bonus Agreement (PSB Holdings Inc /Wi/)
Death During Active Service. If the Executive dies while in the employment of the Bank, the Bank shall pay to the Executive's beneficiary the benefit Early Retirement Benefit described in this Section 5.1 4.2.1 commencing the month after the Executive’s death, in lieu of any other benefit under this Agreement.
Appears in 1 contract
Samples: Executive Deferred Compensation Agreement (Premierwest Bancorp)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive'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 Agreementthe Living Benefits of Article 2.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (First Perry Bancorp, Inc)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit the benefits under this Agreement.
Appears in 1 contract
Samples: Executive Deferred Compensation Agreement (PSB Holdings Inc /Wi/)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's ’s beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement3. 1.
Appears in 1 contract
Samples: Salary Continuation Agreement (Ocean Shore Holding Co)
Death During Active Service. If the Executive dies while in the employment active service of the Bank, the Bank shall pay to the Executive's beneficiary the benefit described in this Section Article 5.1 in lieu of any other benefit under this Agreementthe Lifetime Benefits of Article 4.
Appears in 1 contract
Samples: Executive Incentive and Retirement Agreement (New South Bancshares Inc)
Death During Active Service. If the Executive dies while in the employment of the Bank, the Bank shall pay to the Executive's beneficiary the benefit Early Retirement Benefit described in this Section 5.1 4.2.1 commencing the month after the Executive's death, in lieu of any other benefit under this Agreement.
Appears in 1 contract
Samples: Executive Deferred Compensation Agreement (Premierwest Bancorp)
