Common use of Death of Director 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 designated in writing to the Bank, the sum of $__________ per month for 120 consecutive months. Payments will begin on the first day of the month following Director's death.

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 $__________ 1,432.75 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's ’s death.

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 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's ’s death.

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 $__________ 1,368.75 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's ’s death.

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 $__________ 911.17 per month for 120 consecutive months. Payments will begin on the first day of the month following Director's ’s death.