Common use of DEATH DURING DISABILITY Clause in Contracts

DEATH DURING DISABILITY. If the Executive's death occurs subsequent to Termination of Employment due to a Disability and prior to any payment under Subsection 2.3.2, the Company shall pay the amount stated in Section 3.1 in accordance with the terms of Section 3.1 in lieu of any other benefit provided by this Agreement.

Appears in 4 contracts

Samples: Continuation Agreement (Team Financial Inc /Ks), Continuation Agreement (Team Financial Inc /Ks), Continuation Agreement (Team Financial Inc /Ks)

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DEATH DURING DISABILITY. If the Executive's death occurs subsequent to Termination of Employment due to a Disability and prior to any payment under Subsection 2.3.24.3.2, the Company shall pay the amount stated in Section 3.1 5.1 in accordance with the terms of Section 3.1 5.1 in lieu of any other benefit provided by this Agreement.

Appears in 4 contracts

Samples: Deferred Compensation Agreement (Team Financial Inc /Ks), Deferred Compensation Agreement (Team Financial Inc /Ks), Deferred Compensation Agreement (Team Financial Inc /Ks)

DEATH DURING DISABILITY. If In the Executive's death occurs subsequent to Termination of Employment due to a event the Executive dies following Disability and prior to receiving any payment under Subsection 2.3.2this Agreement, the Company shall pay the amount stated Beneficiary the annual benefit set forth in Section 3.1 in accordance with the terms of Section 3.1 3.1.2 in lieu of any other benefit provided by under this Agreement.

Appears in 3 contracts

Samples: Executive Supplemental Income Agreement (Peoples Financial Corp /MS/), Executive Supplemental Income Agreement (Peoples Financial Corp /MS/), Executive Supplemental Income Agreement (Peoples Financial Corp /MS/)

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DEATH DURING DISABILITY. If In the Executive's death occurs event the Executive dies subsequent to Termination of Employment due to a Disability and prior to receiving any payment under Subsection 2.3.2this Agreement, the Company shall pay the amount stated Executive's designated beneficiary the annual benefit set forth in subsection 3.1.1 and in the manner set forth in Section 3.1 in accordance with the terms of Section 3.1 3.1.2 in lieu of any other benefit provided by under this Agreement.

Appears in 1 contract

Samples: Supplemental Income Agreement (Peoples Financial Corp /MS/)

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