Common use of Death During Distribution of a Benefit Clause in Contracts

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.

Appears in 79 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Lake Shore Bancorp, Inc.), Deferred Compensation Agreement (Bancorp 34, Inc.), Long Term Incentive Agreement

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Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they that would have been distributed to the Executive had the Executive survived.

Appears in 30 contracts

Samples: Salary Continuation Agreement (Luther Burbank Corp), Salary Continuation Agreement (Luther Burbank Corp), Salary Continuation Agreement (Luther Burbank Corp)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank Company shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they that would have been distributed to the Executive had the Executive survived.

Appears in 19 contracts

Samples: Executive Deferred Compensation Agreement (Ohio Valley Banc Corp), Executive Incentive Retirement Plan (Sterling Bancorp, Inc.), Executive Incentive Retirement Plan (Sterling Bancorp, Inc.)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank Company shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.

Appears in 12 contracts

Samples: Salary Continuation Agreement (First Keystone Corp), Salary Continuation Agreement (First Keystone Corp), Supplemental Executive Retirement Agreement (Fentura Financial Inc)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at Account Value in a lump sum on the same time and in first day of the same amounts they would have been distributed fourth month following the Executive’s death. The Beneficiary shall be required to provide the Executive’s death certificate to the Executive had the Executive survivedBank.

Appears in 7 contracts

Samples: Salary Continuation Agreement (Bank of Marin Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions payments have commenced under this Agreement Agreement, but before receiving all such distributionspayments, the Bank shall distribute to the Beneficiary pay the remaining benefits to the Executive’s Beneficiary at the same time and in the same amounts they would have been distributed paid to the Executive had the Executive survived.

Appears in 7 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Mid Penn Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Mid Penn Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Mid Penn Bancorp Inc)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived. The Beneficiary shall be required to provide to the Bank a copy of the Executive’s death certificate.

Appears in 6 contracts

Samples: Deferred Compensation Agreement (Tower Bancorp Inc), Deferred Compensation Agreement (Tower Bancorp Inc), Deferred Compensation Agreement (Tower Bancorp Inc)

Death During Distribution of a Benefit. If In the event the Executive dies after any benefit distributions have commenced under this Agreement Plan but before receiving all such distributions, the Bank shall distribute continue to pay the remaining payments to the Executive’s Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed paid to the Executive had the Executive survived.

Appears in 6 contracts

Samples: Executive Salary Continuation Agreement (Fifth District Bancorp, Inc.), Executive Salary Continuation Agreement (Fifth District Bancorp, Inc.), Executive Salary Continuation Agreement (Fifth District Bancorp, Inc.)

Death During Distribution of a Benefit. If the Executive dies after the occurrence of any event triggering the Executive’s entitlement to a benefit distributions have commenced under this Agreement but before receiving all such distributionsArticle 2 and prior to payment of the entire Accrual Balance, the Bank shall distribute to the Beneficiary an amount equal to the remaining benefits Accrual Balance at the same time and in the same amounts they it would have been distributed to the Executive had the Executive survived.

Appears in 5 contracts

Samples: Salary Continuation Agreement (Home Bancorp, Inc.), Salary Continuation Agreement (Home Bancorp, Inc.), Salary Continuation Agreement (Home Bancorp, Inc.)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived. The Beneficiary shall be required to provide to the Bank the Executive’s death certificate.

Appears in 5 contracts

Samples: Supplemental Executive Retirement Agreement, Supplemental Executive Retirement Agreement (Farmers & Merchants Bancshares, Inc.), Supplemental Executive Retirement Agreement (Farmers & Merchants Bancshares, Inc.)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived; provided, however, for benefits payable under Article 2, if the Executive has received less than one hundred eighty (180) equal consecutive monthly installments, the Beneficiary shall continue to receive the same amounts at the same times until the sum of the installments to the Beneficiary and Executive total one hundred eighty (180).

Appears in 4 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Pinnacle Financial Partners Inc), Supplemental Executive Retirement Plan Agreement (Avenue Financial Holdings, Inc.), Supplemental Executive Retirement Plan Agreement (Avenue Financial Holdings, Inc.)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute pay to the Beneficiary the remaining benefits at the same time and in the same amounts as they would have been distributed paid to the Executive had the Executive survived.

Appears in 4 contracts

Samples: Executive Deferred Compensation Agreement, Executive Deferred Compensation Agreement (First Ulb Corp.), Executive Deferred Compensation Agreement (First Ulb Corp.)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they as the benefits would have been distributed to the Executive had the Executive survived.

Appears in 4 contracts

Samples: Supplemental Employee Retirement Plan (Cascade Bancorp), Supplemental Employee Retirement Plan (Cascade Bancorp), Supplemental Employee Retirement Plan (Cascade Bancorp)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under the terms of this Agreement Agreement, but before receiving all such distributions, then the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/), Salary Continuation Agreement (Enterprise Bancorp Inc /Ma/)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute the remaining benefits to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed paid to the Executive had the Executive survived. The Beneficiary shall be required to provide to the Bank the Executive’s death certificate.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Peoples Financial Services Corp.), Supplemental Executive Retirement Plan Agreement (Penseco Financial Services Corp)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank Corporation shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they that would have been distributed to the Executive had the Executive survived.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Habersham Bancorp), Supplemental Executive Retirement Plan Agreement (Habersham Bancorp)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank Company shall distribute to the Beneficiary the remaining benefits at the same time and and. in the same amounts they that would have been distributed to the Executive had the Executive survived.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Community Financial Corp /Md/), Salary Continuation Agreement (Community Financial Corp /Md/)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions under Article 2 have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Juniata Valley Financial Corp), Salary Continuation Agreement (Juniata Valley Financial Corp)

Death During Distribution of a Benefit. If the Executive dies after any -------------------------------------- benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they that would have been distributed to the Executive had the Executive survived.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Pacific Premier Bancorp Inc), Salary Continuation Agreement (Pacific Premier Bancorp Inc)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank Company shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they that would have been distributed to the Executive had the Executive survived.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Community Financial Corp /Md/), Salary Continuation Agreement (Tri County Financial Corp /Md/)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank Company shall distribute pay to the Beneficiary the remaining benefits at the same time and in the same amounts as they would have been distributed paid to the Executive had the Executive survived.

Appears in 2 contracts

Samples: Executive Deferred Compensation Agreement (Mercantile Bank Corp), Executive Deferred Compensation Agreement (Ohio Valley Banc Corp)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank Company shall distribute to the Beneficiary the remaining benefits at the THE FIRST NATIONAL BANK OF MIFFLINTOWN Amended and Restated Salary Continuation Agreement same time and in the same amounts they that would have been distributed to the Executive had the Executive survived.. :

Appears in 1 contract

Samples: Salary Continuation Agreement (First Community Financial Corp)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the present value, using the Discount Rate in effect at death, of the remaining benefits at in a lump sum within sixty (60) days following the same time and in the same amounts they would have been distributed to the Executive had the Executive survivedExecutive’s death.

Appears in 1 contract

Samples: Salary Continuation Agreement (BayFirst Financial Corp.)

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Death During Distribution of a Benefit. If the Executive dies after any the benefit distributions payments have commenced under this Agreement but before receiving all such distributionspayments, the Bank shall distribute to the Beneficiary pay the remaining benefits to the Executive’s beneficiary at the same time and timeand in the same amounts they would have been distributed paid to the Executive had the Executive survived.Executive

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Riverview Financial Corp)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions payments have commenced under this Agreement Agreement, but before receiving all such distributionspayments, the Bank shall distribute to the Beneficiary pay the remaining benefits to the Executive’s Beneficiary at the same time and in the same amounts they would have been distributed paid to the Executive had the Executive survived. The Beneficiary shall be required to provide to the Bank the Executive’s death certificate as a condition precedent to receiving payments hereunder.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Mid Penn Bancorp Inc)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the present value, using the Discount Rate in effect at Separation from Service, of the remaining benefits at in a lump sum on the same time and in first day of the same amounts they would have been distributed to fourth month following the Executive had the Executive survivedExecutive’s death.

Appears in 1 contract

Samples: Salary Continuation Agreement (HCSB Financial Corp)

Death During Distribution of a Benefit. If Except as provided in Section 2.3 below, if the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they that would have been distributed to the Executive had the Executive survived.

Appears in 1 contract

Samples: Supplemental Executive Retirement Income Agreement (Home Federal Bancorp)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had pursuant to the Executive survivedterms of this Agreement.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp)

Death During Distribution of a Benefit. If the Executive dies after any ---------------------------------------- benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Community Partners Bancorp)

Death During Distribution of a Benefit. If the Executive dies after any the benefit distributions payments have commenced under this Agreement but before receiving all such distributionspayments, the Bank shall distribute to the Beneficiary pay the remaining benefits to the Executive’s beneficiary at the same time and in the same amounts they would have been distributed paid to the Executive had the Executive survived. The Beneficiary shall be required to provide to the Bank the Executive’s death certificate.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Riverview Financial Corp)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.. THE STATE BANK Supplemental Executive Retirement Agreement

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Fentura Financial Inc)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute cease distributing the remaining benefit, if any. A death benefit may be provided to the Beneficiary Executive’s beneficiary under a separate Split-Dollar Agreement between the remaining benefits at Bank and the same time and in the same amounts they would have been distributed to the Executive had the Executive survivedExecutive.

Appears in 1 contract

Samples: Salary Continuation Agreement (Sierra Bancorp)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank Company shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they that would have been distributed to the Executive had the Executive survived.. THE FIRST NATIONAL BANK OF MIFFLINTOWN Second Amended and Restated Salary Continuation Agreement

Appears in 1 contract

Samples: Salary Continuation Agreement (First Community Financial Corp)

Death During Distribution of a Benefit. If the Executive dies after any benefit Bank of the Xxxxx Salary Continuation Agreement distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.

Appears in 1 contract

Samples: Salary Continuation Agreement (Bank of the James Financial Group Inc)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.. WEST MICHIGAN COMMUNITY BANK Supplemental Executive Retirement Agreement

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Fentura Financial Inc)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank Company shall distribute to the Beneficiary the remaining benefits at the EXHIBIT 10.4 same time and in the same amounts they would have been distributed to the Executive had the Executive survived.

Appears in 1 contract

Samples: Salary Continuation Agreement (West Pointe Bancorp Inc)

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the XXXXXX GRILL Supplemental Executive Retirement Agreement same time and in the same amounts they would have been distributed to the Executive had the Executive survived.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Fentura Financial Inc)

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