Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Company shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts that would have been distributed to the Director had the Director survived.
Appears in 12 contracts
Samples: Director Deferred Fee Agreement (Mid Penn Bancorp Inc), Director Deferred Fee Agreement, Director Deferred Fee Agreement (Ohio Valley Banc Corp)
Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Company Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts that they would have been distributed to the Director had the Director survived.
Appears in 9 contracts
Samples: Director Retirement Agreement (Berkshire Hills Bancorp Inc), Director Retirement Agreement (Berkshire Hills Bancorp Inc), Director Retirement Agreement (Berkshire Hills Bancorp Inc)
Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Company Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts that would have been distributed to the Director had the Director survived.
Appears in 8 contracts
Samples: Director Retirement Agreement (Mercer Bancorp, Inc.), Director Retirement Agreement (Mercer Bancorp, Inc.), Director Retirement Agreement (Mercer Bancorp, Inc.)
Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Company Bank shall distribute pay to the Beneficiary the remaining benefits at the same time and in the same amounts that as they would have been distributed paid to the Director had the Director survived.
Appears in 5 contracts
Samples: Director Deferred Fee Agreement (Madison County Financial, Inc.), Director Deferred Fee Agreement (Home Federal Bancorp), Director Deferred Fee Agreement (Home Federal Bancorp)
Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Company Bank shall distribute the remaining benefits to the Beneficiary the remaining benefits at the same time and in the same amounts that they would have been distributed paid to the Director had the Director survived.
Appears in 4 contracts
Samples: Phantom Stock Appreciation Rights Agreement (Kinderhook Bank Corp), Phantom Stock Appreciation Rights Agreement (Kinderhook Bank Corp), Phantom Stock Appreciation Rights Agreement (Kinderhook Bank Corp)
Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Company Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts that they would have been distributed to the Director had the Director survived; provided, however, for benefits payable under Section 2.1, if the Director 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 Director total one hundred eighty (180).
Appears in 4 contracts
Samples: New Director Fee Continuation Plan Agreement (Rhinebeck Bancorp, Inc.), New Director Fee Continuation Plan Agreement (Rhinebeck Bancorp, Inc.), New Director Fee Continuation Plan Agreement (Rhinebeck Bancorp, Inc.)
Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Company Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts that would have been distributed to the Director had the Director surviveda lump sum.
Appears in 2 contracts
Samples: Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Director Deferred Compensation Agreement (LINKBANCORP, Inc.)
Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Company shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts that they would have been distributed to the Director had the Director survived.
Appears in 2 contracts
Samples: Deferred Fee Agreement (Harvard Illinois Bancorp, Inc.), Director Retirement Agreement (Sierra Bancorp)
Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Company remaining benefits shall distribute be distributed to the Beneficiary by the remaining benefits Bank and/or the Company, depending upon which Board the Director was a member of, at the same time and in the same amounts that would have been distributed to the Director had the Director survived.
Appears in 1 contract
Samples: Director Deferred Compensation Agreement (Sussex Bancorp)
Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Company remaining benefits shall distribute be distributed to the Beneficiary the remaining benefits at the same time and in the same amounts that would have been distributed to the Director had the Director survived.
Appears in 1 contract
Samples: Director Deferred Compensation Agreement (Sussex Bancorp)
Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Company Corporation shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts that would have been distributed to the Director had the Director survived.
Appears in 1 contract
Samples: Director Deferred Compensation Agreement (First Farmers & Merchants Corp)
Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Company Bank shall distribute to the Beneficiary the remaining benefit described in this Section 3.2. This benefit shall be distributed in lieu of any other benefits at the same time and in the same amounts that would have been distributed to the Director had the Director survivedunder this Article.
Appears in 1 contract
Samples: Director Retirement Agreement (Ohio Valley Banc Corp)
