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

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

Appears in 24 contracts

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

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Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company and the Bank shall jointly and severally pay the remaining benefits to the Beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 16 contracts

Samples: Employment Agreement (1st United Bancorp, Inc.), Employment Agreement (1st United Bancorp, Inc.), Employment Agreement (1st United Bancorp, Inc.)

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

Appears in 10 contracts

Samples: Salary Continuation Agreement (Home Federal Bancorp, Inc.), Supplemental Executive Retirement Agreement (BCSB Bancorp Inc.), Supplemental Executive Retirement Agreement (BCSB Bancorp Inc.)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Beneficiary Executive’s beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 10 contracts

Samples: Salary Continuation Agreement (Community Financial Corp /Md/), Salary Continuation Agreement (Community Financial Corp /Md/), Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Beneficiary Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 9 contracts

Samples: Supplemental Executive Retirement Agreement (MBT Financial Corp), Supplemental Executive Retirement Agreement (MBT Financial Corp), Salary Continuation Agreement (Tri County Financial Corp /Md/)

Death During Payment of a Benefit. If the Executive dies after any benefit Benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Beneficiary Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 6 contracts

Samples: Executive Bonus Deferral Agreement (Columbia Bancorp \Or\), Executive Bonus Deferral Agreement (Columbia Bancorp \Or\), Executive Bonus Deferral Agreement (Columbia Bancorp \Or\)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement Agreement, but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Beneficiary Executive’s beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 6 contracts

Samples: Salary Continuation Agreement (Delhi Bank Corp), Salary Continuation Agreement (Delhi Bank Corp), Salary Continuation Agreement (Delhi Bank Corp)

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

Appears in 4 contracts

Samples: Salary Continuation Agreement (Appalachian Bancshares Inc), Salary Continuation Agreement (Appalachian Bancshares Inc), Salary Continuation Agreement (Appalachian Bancshares Inc)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Beneficiary Executive’s beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived, except that the provisions of Section 2.4 shall not apply.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv), Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv), Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Beneficiary Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 4 contracts

Samples: Executive Deferred Compensation Agreement (Camco Financial Corp), Executive Deferred Compensation Agreement (Temecula Valley Bancorp Inc), Executive Deferred Compensation Agreement (Temecula Valley Bancorp Inc)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Beneficiary Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 3 contracts

Samples: Executive Deferred Compensation Agreement (Premierwest Bancorp), Executive Bonus Deferral Agreement (Columbia Bancorp \Or\), Executive Deferred Compensation Agreement (Texas United Bancshares Inc)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement Agreement, but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Beneficiary Executive’s beneficiary at the same time and in the each same amounts they would have been paid to the Executive had the Executive survived.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Delhi Bank Corp), Salary Continuation Agreement (Delhi Bank Corp), Salary Continuation Agreement (Delhi Bank Corp)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Beneficiary Executive’s beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Beverly National Corp), Salary Continuation Agreement (Beverly National Corp), Salary Continuation Agreement (Beverly National Corp)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement Agreement, but before receiving all such payments, the Company shall pay the remaining benefits to the Beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.. In the event of: (i)death prior to Normal Retirement Age and during payment of a Disability benefit; or (ii) death following payment of a Change of Control benefit, the Company shall pay the following death benefits in lieu of the benefit just described:

Appears in 2 contracts

Samples: Placement Agreement (United Bancshares Inc/Oh), Salary Continuation Agreement (United Bancshares Inc/Oh)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company Employer shall pay the remaining benefits to the Beneficiary Executive’s beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc), Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)

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

Appears in 2 contracts

Samples: Salary Continuation Agreement (Peoples Federal Bancshares, Inc.), Salary Continuation Agreement (Peoples Federal Bancshares, Inc.)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Beneficiary Executive’s beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 2 contracts

Samples: Executive Deferred Compensation Agreement (PSB Holdings Inc /Wi/), Executive Deferred Compensation Agreement (Premierwest Bancorp)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement Agreement, but before receiving all such payments, the Company shall pay the remaining benefits to the Beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.. In the event of death prior to Normal Retirement Age and during payment of a Disability benefit, the Company shall pay the following death benefits in lieu of the benefit just described:

Appears in 2 contracts

Samples: Salary Continuation Agreement (United Bancshares Inc/Oh), Salary Continuation Agreement (United Bancshares Inc/Oh)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Beneficiary Executive’s beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (ISB Financial Corp.)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this this. Agreement but before receiving all such payments, the Company shall pay the then present value of the remaining benefits benefits, calculated using the Discount Rate, compounded monthly, to the Beneficiary at in a lump sum within sixty (60) days following the same time and in the same amounts they would have been paid to the Executive had the Executive survivedExecutive' S death.

Appears in 1 contract

Samples: Salary Continuation Agreement (Synovus Financial Corp)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 4 of this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 1 contract

Samples: Executive Deferred Incentive Agreement (Home Federal Bancorp Inc)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company Umpqua shall pay the remaining benefits to the Beneficiary Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Umpqua Holdings Corp)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Beneficiary Executive’s beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Coastal Banking Co Inc)

Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Beneficiary Beneficiary(ies) at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

Appears in 1 contract

Samples: Salary Continuation Agreement (Central Federal Corp)

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