Common use of Death of Director Before Age 65 Clause in Contracts

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

Appears in 1 contract

Samples: Director's Compensation Agreement (Juniata Valley Financial Corp)

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Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's ’s beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 697.83 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's ’s death.

Appears in 1 contract

Samples: Deferred Income Agreement (United Financial Bancorp Inc)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's ’s beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 1,205 per month for 120 120, consecutive months. Payments will begin on the first day of the month following Director's ’s death.

Appears in 1 contract

Samples: Director's Compensation Agreement (First Advantage Bancorp)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 6565 , the Bank agrees to pay to Director's ’s beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 632.75 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's ’s death.

Appears in 1 contract

Samples: Deferred Income Agreement (United Financial Bancorp Inc)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's ’s beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 1,914 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's ’s death.

Appears in 1 contract

Samples: Director’s Compensation Agreement (Juniata Valley Financial Corp)

Death of Director Before Age 65. In the event Director should ------------------------------- die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's beneficiary (ies) beneficiary, designated in writing to the Bank, the sum of $3,961.42 277.00 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

Appears in 1 contract

Samples: Director's Compensation Agreement (National Bankshares Inc)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 1,634 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

Appears in 1 contract

Samples: Director's Compensation Agreement (Juniata Valley Financial Corp)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 1,049.58 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

Appears in 1 contract

Samples: Director's Deferred Compensation Agreement (Juniata Valley Financial Corp)

Death of Director Before Age 65. In the event the Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to the Director's ’s beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 1,750 per month for 120 consecutive months. Payments will begin on the first day of the month following the Director's ’s death.

Appears in 1 contract

Samples: Director's Compensation Agreement (First Advantage Bancorp)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's ’s beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 1,268 per month for 120 220 consecutive months. Payments will begin on the first day of the month following Director's ’s death.

Appears in 1 contract

Samples: Director's Compensation Agreement (First Advantage Bancorp)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's ’s beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 632.75 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's ’s death.

Appears in 1 contract

Samples: Deferred Income Agreement (United Financial Bancorp Inc)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's ’s beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 2,082 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's ’s death.

Appears in 1 contract

Samples: Director's Compensation Agreement (First Advantage Bancorp)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 1,842 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

Appears in 1 contract

Samples: Director's Compensation Agreement (Juniata Valley Financial Corp)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 __________ per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Franklin Financial Services Corp /Pa/)

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Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 1,914 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

Appears in 1 contract

Samples: Director's Deferred Compensation Agreement (Juniata Valley Financial Corp)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 4,241.67 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

Appears in 1 contract

Samples: Director's Deferred Compensation Agreement (Juniata Valley Financial Corp)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 1,432.75 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

Appears in 1 contract

Samples: Director's Deferred Compensation Agreement (Juniata Valley Financial Corp)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's ’s beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 795 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's ’s death.

Appears in 1 contract

Samples: Deferred Income Agreement (Jacksonville Bancorp, Inc.)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's ’s beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 903 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's ’s death.

Appears in 1 contract

Samples: Deferred Income Agreement (Jacksonville Bancorp, Inc.)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's ’s beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 2,709.50 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's ’s death.

Appears in 1 contract

Samples: Deferred Income Agreement (Profile Bancorp Inc)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 1,368.75 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

Appears in 1 contract

Samples: Director's Compensation Agreement (Juniata Valley Financial Corp)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 911.17 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

Appears in 1 contract

Samples: Director's Compensation Agreement (Juniata Valley Financial Corp)

Death of Director Before Age 65. In the event Director should die before -------------------------------- reaching age 65, the Bank agrees to pay to Director's beneficiary (ies) designated in writing to the Bank, the sum of $3,961.42 1,852.75 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

Appears in 1 contract

Samples: Director's Deferred Compensation Agreement (Juniata Valley Financial Corp)

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