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 Sections 2.1 or 2.2 of this Agreement but before receiving all such distributions, the Corporation shall distribute to the Beneficiary the remaining Accrual Balance. The payment shall be made in a lump sum on the first day of the fourth month following the Executive’s death. The Beneficiary shall be required to provide to the Corporation the Executive’s death certificate.

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under Sections 2.1 or 2.2 of this Agreement but before receiving all such distributionspayments, the Corporation Company shall distribute pay the remaining Accrual Balance amount set forth on Schedule A at the time of the Executive’s death to the Beneficiary the remaining Accrual Balance. The payment shall be made in a lump sum on the first day within sixty (60) days of the fourth month following the Executive’s death. The Beneficiary shall be required to provide to the Corporation the Executive’s death certificate.

Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under Sections 2.1 or 2.2 of this Agreement but before receiving all the minimum seventeen (17) years of such distributions, the Corporation Bank shall distribute to the Beneficiary the present value of the remaining Accrual Balance. The payment shall be made portion of the minimum seventeen (17) years of benefits due under this Agreement, in a single lump sum on the first day of the fourth month following the Executive’s death. The Beneficiary shall be required to provide to the Corporation Bank the Executive’s death certificate.