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

Death During Distribution of a Benefit. If the Participant 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 Participant had the Participant survived.

Appears in 9 contracts

Samples: Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.)

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Death During Distribution of a Benefit. If the Participant Employee 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 Participant Employee had the Participant Employee survived.

Appears in 4 contracts

Samples: Deferred Bonus Agreement (Cascade Bancorp), Deferred Bonus Agreement (Cascade Bancorp), Deferred Bonus Agreement (Cascade Bancorp)

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Death During Distribution of a Benefit. If the Participant dies after any benefit distributions have commenced under this Agreement Plan 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 Participant had the Participant survived.

Appears in 2 contracts

Samples: Director Deferred Compensation Plan (Choiceone Financial Services Inc), Director Deferred Compensation Plan (Choiceone Financial Services Inc)

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