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: Deferred Compensation Agreement (Quad City Holdings Inc), Compensation Agreement (Quad City Holdings Inc), Rapids Bank and Trust (QCR Holdings 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 ’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: Continuation Agreement (Heritage Oaks Bancorp), Continuation Agreement (Beverly National Corp), Salary Continuation Agreement (Beverly National 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 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: Continuation Agreement (Columbia Bancorp \Or\), Continuation Agreement (Columbia Bancorp \Or\), 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 (Community Heritage Financial, Inc.), Retirement Plan Agreement (Community Heritage Financial, Inc.), Laurel Savings Bank (Laurel Capital Group 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: Retirement Agreement (Southbanc Shares Inc), Agreement (Provident Community Bancshares, Inc.), Agreement (Provident Community Bancshares, 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: Continuation Agreement (Unizan Financial Corp), Salary Continuation Agreement (Newmil Bancorp Inc), Salary Continuation Agreement (Newmil Bancorp Inc)
Death During Active Service. If Except as provided in Section 5.2, if the Executive dies while in active service to the employment of Bank before the BankNormal Retirement Age, the Bank shall pay to the Executive's beneficiary ’s Beneficiary (a) a lump sum payment equal to the Accrual Balance at the time of the Executive’s death, and (b) the benefit described in the Split Dollar Agreement attached to this Section 5.1 in lieu of any other benefit under this Agreement.Agreement as Addendum A.
Appears in 4 contracts
Samples: Continuation Agreement, Salary Continuation Agreement (Midcarolina Financial Corp), Salary Continuation Agreement (Midcarolina Financial Corp)
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: Continuation Agreement (CU Bancorp), 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 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 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 4 contracts
Samples: Salary Continuation Agreement (Home Federal Bancorp, Inc.), Continuation Agreement (Home Federal Bancorp, Inc.), Salary Continuation Agreement (Home Federal Bancorp, Inc.)
Death During Active Service. If Except as provided in Section 5.2, if the Executive dies while in active service to the employment of Bank before the BankNormal Retirement Date, the Bank shall pay to the Executive's beneficiary Beneficiary (a) an amount in cash equal to the Accrual Balance at the time of the Executive's death (without regard to vesting), and (b) the benefit described in the Split Dollar Agreement attached to this Section 5.1 in lieu of any other benefit under this Agreement.Agreement as Addendum A.
Appears in 4 contracts
Samples: Continuation Agreement (Citizens South Banking Corp), Continuation Agreement (Citizens South Banking Corp), Continuation Agreement (Citizens South Banking 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 the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement3.1.
Appears in 3 contracts
Samples: Retirement Agreement (Sandy Spring Bancorp Inc), Retirement Agreement (Sandy Spring Bancorp Inc), Retirement Agreement (Sandy Spring Bancorp Inc)
Death During Active Service. If the Executive dies while in the employment active service of the BankEmployers, 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.Section
Appears in 3 contracts
Samples: 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 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: Continuation Agreement (High Point Financial Corp), Continuation Agreement (High Point Financial Corp), Continuation Agreement (High Point Financial Corp)
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: Compensation Agreement (QCR Holdings Inc), 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 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 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 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 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: 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 the benefit described in this Section 5.1 Section3.1. This benefit shall be paid in lieu of any other benefit under this Agreementthe Lifetime Benefits of ARTICLE 2.
Appears in 1 contract
Samples: Executive Retirement Plan Agreement (Capital Bancorp Inc)
Death During Active Service. If the Executive dies while in active service to the employment of the BankCompany, the Bank Company shall pay to the Executive's beneficiary Beneficiary the benefit described in this Section 5.1 in lieu of any 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 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: Incentive and Retirement Agreement (New South Bancshares Inc)
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 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: Premierwest Bank 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 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 of the BankCompany, the Bank Company 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 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 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 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 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: Peoples State Bank Incentive Deferred Bonus Agreement (PSB Holdings Inc /Wi/)
