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

Death During Payment of Retirement Benefit. If the Executive dies after any Retirement Benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the 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: Continuation Agreement (Consumers Bancorp Inc /Oh/), Salary Continuation Agreement (Consumers Bancorp Inc /Oh/), Continuation Agreement (Consumers Bancorp Inc /Oh/)

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Death During Payment of Retirement Benefit. If the Executive dies after any Retirement Benefit benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the 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: Consumers National Bank (Consumers Bancorp Inc /Oh/)

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