Common use of Death During Active Service Clause in Contracts

Death During Active Service. If the Executive dies before the Normal Retirement Age while in the active service of the Bank, the Bank shall pay to the Executive's beneficiary the benefit set forth in Section 2.1 as if the Termination of Employment occurred on the date he would have attained the Normal Retirement Age. The annual benefit under this Section 3.1 shall be the amount specified in Section 2.1.1 and shall be payable as provided in Section 2.1.2, commencing on the first day of the month following the date of the Executive's death.

Death During Active Service. If Except as provided in Section 5.2, if the Executive dies in active service to the Bank before the Normal Retirement Age while in the active service of the BankDate, the Bank shall pay to the Executive's beneficiary ’s beneficiary(ies) in a single lump sum within three months after the benefit set forth in Section 2.1 Executive’s death an amount equal to the Accrual Balance as if the Termination of Employment occurred on the date he would have attained the Normal Retirement Age. The annual benefit under this Section 3.1 shall be the amount specified in Section 2.1.1 and shall be payable as provided in Section 2.1.2, commencing on the first day of the month following the date of the Executive's ’s death. Alternatively, the Executive may elect for his beneficiary(ies) to receive his death benefits in accordance with section 2.1 of this Agreement beginning in the month following the month the Executive would have reached Normal Retirement Age, had he survived.

Death During Active Service. If Except as provided in Section 5.1, if the Executive dies in active service to the Bank before the Normal Retirement Age while in the active service Age, instead of the Bankany benefit payable under this Agreement, the Bank shall pay to the Executive's beneficiary ’s beneficiary(ies) the benefit set forth in Section 2.1 as the Executive would have received if the Termination of Employment occurred Executive had retired on the date he would have attained the immediately preceding his death and was deemed to be of Normal Retirement Age. The annual benefit under this Section 3.1 shall be the amount specified in Section 2.1.1 and shall be payable as provided in Section 2.1.2, commencing on the first day of the month following the date of paid to the Executive's death’s beneficiary(ies) for 15 years.

Death During Active Service. If the Executive dies in active service to the Bank before the Normal Retirement Age while in the active service of the BankAge, the Bank shall pay to the Executive's beneficiary ’s beneficiary(ies) in a single lump sum the Accrual Balance maintained by the Bank as of the end of the month in which the Executive dies. The benefit under this Section 3.1 is set forth in Section 2.1 as if the Termination of Employment occurred on an illustrative basis only on the date he would have attained Schedule A attached hereto under the column captioned “Vested Accrual Balance” if death occurs as of the Plan Year ends indicated before the Executive’s Normal Retirement Age. The annual Bank shall pay this benefit under this Section 3.1 shall be the amount specified in Section 2.1.1 and shall be payable as provided in Section 2.1.2, commencing on the first day of the month following the date of within seven days after the Executive's ’s death.

Death During Active Service. If Except as provided in Section 5.1, if the Executive dies in active service to the Bank before the Normal Retirement Age while in the active service Age, instead of the Bankany benefit payable under this Agreement, the Bank shall pay to the Executive's beneficiary beneficiary(ies) the benefit set forth in Section 2.1 as the Executive would have received if the Termination of Employment occurred Executive had retired on the date he would have attained the immediately preceding his death and was deemed to be of Normal Retirement Age. The annual benefit under this Section 3.1 shall be the amount specified in Section 2.1.1 and shall be payable as provided in Section 2.1.2, commencing on the first day of the month following the date of paid to the Executive's deathbeneficiary(ies) for 15 years.