Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 6 contracts
Samples: Director Retirement Agreement (Independent Bank Corp), Director Retirement Agreement (Peoples Federal Bancshares, Inc.), Director Retirement Agreement (Peoples Federal Bancshares, Inc.)
Death During Active Service. If the Director dies while in the active service of the BankBank before reaching Normal Retirement Age, the Bank shall pay to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 6 contracts
Samples: Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Director Retirement Plan Agreement (Malvern Federal Bancorp Inc)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary Director’s beneficiary the early termination benefit described in Section 4.2 instead of any other benefit under this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2Amended 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 Bankafter electing to become a Director Emeritus but before benefit payments have commenced, the Bank shall pay to the Beneficiary Director’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Lifetime Benefits of Article 2.
Appears in 3 contracts
Samples: Riverview National Bank (Riverview Financial Corp), Riverview National Bank (Riverview Financial Corp), Director Emeritus Agreement (First Perry 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 Beneficiary Director’s beneficiary the benefit described in this Section 3.1. This 5.1 and such benefit shall be paid in lieu of the benefits under Article 2any other benefit in this Agreement.
Appears in 3 contracts
Samples: Plumas Bank (Plumas Bancorp), Plumas Bank (Plumas Bancorp), Plumas Bank (Plumas Bancorp)
Death During Active Service. If the Director dies while in the active service of to the Bank, the Bank shall pay distribute to the Beneficiary the benefit described in this Section 3.15.1. This benefit shall be paid distributed in lieu of the benefits benefit under Article 24.
Appears in 3 contracts
Samples: First Farmers and Merchants Bank Director Deferred Compensation Agreement (First Farmers & Merchants Corp), First Farmers and Merchants Bank 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 Bank, the Bank shall pay to the Beneficiary Director’s beneficiary the early retirement benefit described in this Section 3.1. This benefit shall be paid 4.2 in lieu of the benefits any other benefit under Article 2this 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 Bank, the Bank shall pay to the Beneficiary Director’s beneficiary the early retirement benefit described in this Section 3.1. This benefit shall be paid 4.2 in lieu of the benefits any other benefit under Article 2this 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 Bank, the Bank shall pay to the Beneficiary Director’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid 5.1 in lieu of the benefits any other benefit under Article 2this Agreement.
Appears in 2 contracts
Samples: Director Deferred Fee Agreement (SI Financial Group, Inc.), Savings Institute (SI Financial Group, Inc.)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary Director's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 2 contracts
Samples: Director Retirement Agreement (Lawrence Financial Holdings Inc), Lawrence Financial Holdings Inc
Death During Active Service. If the Director dies while in the active service of the BankBank as a Director, the Bank shall pay to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 2 contracts
Samples: Supplemental Director Retirement Agreement (BCSB Bancorp Inc.), Supplemental Director Retirement Agreement (BCSB Bancorp Inc.)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay distribute to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid distributed in lieu of the benefits under Lifetime Benefits of Article 2.
Appears in 2 contracts
Samples: Director Retirement Agreement (Mercer Bancorp, Inc.), Director Retirement Agreement (Mercer Bancorp, Inc.)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid 5.1 in lieu of the benefits any other benefit under Article 2this Agreement.
Appears in 1 contract
Samples: Ohio Valley Banc Corp
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary Director’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 1 contract
Samples: Director Retirement Agreement (Fairfield County Bank Corp.)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay distribute to the Beneficiary the benefit described in this Section 3.13 .1. This benefit shall be paid distributed in lieu of the benefits under Lifetime Benefits of Article 2.
Appears in 1 contract
Samples: Director Retirement Agreement (Mercer Bancorp, Inc.)
Death During Active Service. If the Director dies while in the active service of the BankBank and the Holding Company, the Bank shall pay to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 1 contract
Samples: Continuation Agreement (Appalachian Bancshares Inc)
Death During Active Service. If IF the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary Director's beneficiary the benefit described in this Section 3.13. This benefit shall be paid 1 in lieu of the all other benefits under Article 2this Agreement.
Appears in 1 contract
Samples: Directors 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 Beneficiary Director's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.. 3.1.1
Appears in 1 contract
Samples: www.sec.gov
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary Director's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Lifetime Benefits of Article 2.
Appears in 1 contract
Samples: 2001 Directors Retirement Agreement (Juniata Valley Financial Corp)
Death During Active Service. If the Director dies while in the active service prior to Termination of the BankService, the Bank shall pay distribute to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid distributed in lieu of the benefits under Article 2.
Appears in 1 contract
Samples: Home Federal Bancorp, Inc.
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid 6.1 in lieu of the benefits under of Article 25.
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 of the Bank, the Bank shall pay distribute to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid distributed in lieu of the benefits under Article 2.
Appears in 1 contract
Samples: Company Director Retirement Agreement (Ohio Valley Banc Corp)
Death During Active Service. If the Director dies while in the active service of to the Bank, the Bank shall pay distribute to the Beneficiary the benefit described in this Section 3.15.1. This benefit shall be paid distributed in lieu of the benefits under Article 24.
Appears in 1 contract
Samples: Pacific Premier Bank Director Deferred Compensation Agreement (Pacific Premier Bancorp Inc)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary Director’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 25.1.
Appears in 1 contract
Samples: Directors’ Fee Deferral Agreement (Sandy Spring Bancorp Inc)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary Director's beneficiary, the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 25.1.
Appears in 1 contract
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary Director's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 1 contract
Samples: Dutchfork Bancshares Inc
