Death Following Termination of Employment. If the Executive dies following a Termination of Employment entitling him or her to benefits under the Plan but before benefits begin, the Bank shall pay to the Executive’s beneficiary the benefit described in this Section 3.2.
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Samples: Supplemental Executive Retirement Agreement (Fairfield County Bank Corp.), Supplemental Executive Retirement Agreement (Fairfield County Bank Corp.), Supplemental Executive Retirement Agreement (Fairfield County Bank Corp.)
Death Following Termination of Employment. If the Executive dies following a after Termination of Employment entitling him or her to benefits under the Plan but before benefits beginEmployment, the Bank shall pay the same benefit payments to the Executive’s 's beneficiary that the Executive was entitled to receive prior to death except that, if the payments have not yet commenced, the benefit described payments shall commence on the first of the month following the date of the Executive's death. This benefit shall be paid in lieu of any other benefit under this Section 3.2Agreement.
Appears in 2 contracts
Samples: Continuation Agreement (Columbia Bancorp \Or\), Executive Salary Continuation Agreement (Columbia Bancorp \Or\)
Death Following Termination of Employment. If the Executive dies following a after Termination of Employment entitling him or her to benefits under the Plan but before benefits beginEmployment, the Bank shall pay the same benefit payments to the Executive’s beneficiary that the Executive was entitled to receive prior to death except that, if the payments have not yet commenced, the benefit described payments shall commence on the first of the month following the date of the Executive’s death. This benefit shall be paid in lieu of any other benefit under this Section 3.2Agreement.
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