Common use of Death of Director Before Retirement Date Clause in Contracts

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees to pay the total sum of $90,368 payable in monthly installments of $579.28 per month for 156 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children of the Director, if any, in equal shares, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees to pay the total sum of $90,368 112,827 payable in monthly installments of $579.28 854.75 per month for 156 132 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; , if none, or from and after the death of said spouse, then to the then living children of the Director, if any, in equal shares, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the DirectorDirectors.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees to pay the total sum of $90,368 125,656.20 payable in monthly installments of $579.28 per month 698.09 for 156 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children of the Director, if any, in equal shares, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees and the Company agree to pay the total sum of $90,368 61,520.64 payable in monthly installments of $579.28 per month 640.84 for 156 96 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees and the Company agree to pay the total sum of $90,368 135,030.60 payable in monthly installments of $579.28 per month 750.17 for 156 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees and the Company agree to pay the total sum of $90,368 95,019.12 payable in monthly installments of $579.28 per month 565.59 for 156 168 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees and the Company agree to pay the total sum of $90,368 57,099.00 payable in monthly installments of $579.28 per month 679.75 for 156 60 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees to pay the total sum of $90,368 60,089 payable in monthly installments of $579.28 715.35 per month for 156 84 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children of the Director, if any, in equal shares, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees to pay the total sum of $90,368 115,834.68 payable in monthly installments of $579.28 742.53 per month for 156 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children of the Director, if any, in equal shares, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees to pay the total sum of $90,368 102,983 payable in monthly installments of $579.28 572.13 per month for 156 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children of the Director, if any, in equal shares, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees and the Company agree to pay the total sum of $90,368 82,536.48 payable in monthly installments of $579.28 per month 573.17 for 156 144 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees to pay the total sum of $90,368 52,136 payable in monthly installments of $579.28 868.93 per month for 156 60 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children of the Director, if any, in equal shares, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees and the Company agree to pay the total sum of $90,368 229,125.60 payable in monthly installments of $579.28 per month 1,272.92 for 156 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees and the Company agree to pay the total sum of $90,368 48,855.00 payable in monthly installments of $579.28 per month 814.24 for 156 60 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees and the Company agree to pay the total sum of $90,368 179,955 payable in monthly installments of $579.28 per month 999.75 for 156 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees and the Company agree to pay the total sum of $90,368 184,635.00 payable in monthly installments of $579.28 per month 1,025.75 for 156 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees to pay the total sum of $90,368 137,452 payable in monthly installments of $579.28 763.62 per month for 156 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children of the Director, if any, in equal shares, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees and the Company agree to pay the total sum of $90,368 137,910.60 payable in monthly installments of $579.28 per month 766.17 for 156 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees and the Company agree to pay the total sum of $90,368 113,011.20 payable in monthly installments of $579.28 per month 627.84 for 156 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees to pay the total sum of $90,368 148,440.60 payable in monthly installments of $579.28 824.67 per month for 156 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children of the Director, if any, in equal shares, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank agrees to pay the total sum of $90,368 154,485 payable in monthly installments of $579.28 858.25 per month for 156 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living children of the Director, if any, in equal shares, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.