Death During Active Service. If the Director dies while in active service to the Bank, the Bank shall distribute to the Beneficiary the benefit described in this Section 5.1. This benefit shall be distributed in lieu of the benefit under Article 4.
Appears in 3 contracts
Samples: Director Deferred Compensation Agreement (First Farmers & Merchants Corp), 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 to of the Bank, the Bank shall distribute pay to the Beneficiary Director's beneficiary the benefit described in this Section 5.1. This benefit shall be distributed in lieu of the benefit under Article 4.
Appears in 2 contracts
Samples: Deferred Compensation Agreement (Capital Corp of the West), Director Fee Deferral Agreement (Sandy Spring Bancorp Inc)
Death During Active Service. If the Director dies while in active service to the BankCompany, the Bank Company shall distribute to the Beneficiary the benefit described in this Section 5.1. This benefit shall be distributed in lieu of the benefit under Article 4.
Appears in 2 contracts
Samples: 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 to of the Bank, the Bank shall distribute to the Beneficiary the benefit described in this Section 5.13.1. This benefit shall be distributed in lieu of the benefit under Lifetime Benefits of Article 42.
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 active service to the Company and/or the Bank, the Company and/or the Bank shall distribute to the Beneficiary the benefit described in this Section 5.1. This benefit shall be distributed in lieu of the benefit benefits under Article 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 active service prior to the BankSeparation from Service, the Bank shall distribute to the Beneficiary the benefit described in this Section 5.1. This benefit shall be distributed in lieu of the benefit under Article 4.
Appears in 2 contracts
Samples: Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Director Deferred Compensation Agreement (LINKBANCORP, Inc.)
Death During Active Service. If the Director dies while in active service to the Bank, the Bank shall distribute to the Beneficiary the benefit described in this Section 5.1. This benefit shall be distributed in lieu of the benefit benefits under Article 4.
Appears in 1 contract
Samples: Director Deferred Compensation Agreement (Pacific Premier Bancorp Inc)
Death During Active Service. If the Director dies while in active service to the BankCorporation, the Bank Corporation shall distribute to the Beneficiary the benefit described in this Section 5.1. This benefit shall be distributed in lieu of the benefit under Article 4.
Appears in 1 contract
Samples: Director Deferred Compensation Agreement (First Farmers & Merchants Corp)
Death During Active Service. If the Director dies while in active service prior to the BankSeparation from Service, the Bank Company shall distribute to the Beneficiary the benefit described in this Section 5.1. This benefit shall be distributed in lieu of the benefit benefits under Article 4.
Appears in 1 contract
Samples: Director Deferred Fee Agreement (Mid Penn Bancorp Inc)
Death During Active Service. If the Director dies while in active service prior to the BankTermination of Service, the Bank Company shall distribute to the Beneficiary the benefit described in this Section 5.1. This benefit shall be distributed in lieu of the benefit under Article 4.
Appears in 1 contract
Samples: Deferred Fee Agreement (Harvard Illinois Bancorp, Inc.)
Death During Active Service. If the Director dies while in the active service to of the Bank, the Bank shall distribute pay to the Beneficiary Director's beneficiary, the benefit described in this Section 5.1. This benefit shall be distributed in lieu of the benefit under Article 4.
Appears in 1 contract
Death During Active Service. If the Director dies while in active service prior to the BankSeparation from Service, the Bank shall distribute to the Beneficiary the benefit described in this Section 5.1. This benefit shall be distributed in lieu of the benefit benefits under Article 4.
Appears in 1 contract
Samples: Director Deferred Compensation Agreement (Newnan Coweta Bancshares Inc)
Death During Active Service. If the Director dies while in the active service to of the Bank, the Bank shall distribute pay to the Beneficiary the benefit described in this Section 5.1. This benefit shall be distributed 6.1 in lieu of the benefit under benefits of Article 45.
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 to of the Bank, the Bank shall distribute to the Beneficiary the benefit described in this Section 5.13.1. This benefit shall be distributed in lieu of the benefit benefits under Article 42.
Appears in 1 contract
Samples: Director Retirement Agreement (Ohio Valley Banc Corp)
Death During Active Service. If the Director dies while in active service prior to the BankTermination of Service, the Bank shall distribute to the Beneficiary the benefit described in this Section 5.13.1. This benefit shall be distributed in lieu of the benefit benefits under Article 42.
Appears in 1 contract
Samples: Director Retirement Plan (Home Federal Bancorp, Inc.)
Death During Active Service. If the Director dies while in active service to of the Bank, the Bank shall distribute pay to the Beneficiary the benefit described in this Section 5.1. This benefit shall be distributed 5.1 in lieu of the any other benefit under Article 4this Agreement.
Appears in 1 contract
Samples: Director Deferred Fee Agreement (Ohio Valley Banc Corp)
Death During Active Service. If the Director dies while in the active service to of the Bank, the Bank shall distribute pay to the Beneficiary Director’s beneficiary the benefit described in this Section 5.1. This benefit shall be distributed in lieu of the benefit under Article 4.
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 to of the Bank, the Bank shall distribute to the Beneficiary the benefit described in this Section 5.13 .1. This benefit shall be distributed in lieu of the benefit under Lifetime Benefits of Article 42.
Appears in 1 contract
Samples: Director Retirement Agreement (Mercer Bancorp, Inc.)
