Death or Disability Prior to Retirement. In the event the Executive should die or become Disabled while actively employed by the Bank, at any time after the date of this Agreement but prior to age sixty-five (65) of Executive, the Executive will be considered to be vested in the annual benefit amount set forth in Schedule A corresponding with the year in which the death occurred or the Disability commenced, payable monthly for 240 months to Executive (in the case of Disability) or to the Executive's beneficiary or estate as contemplated by Section 3.3 above (in the case of death) beginning with the month following death or Disability, as applicable.
Death or Disability Prior to Retirement. In the event of the employee’s death, the employee’s beneficiary will be entitled to 100% of the value of the employee’s investment account. In the event of total or permanent disability, or if the employee is unable to work as defined in the plan document, the employee will be 100% vested in the employee’s account balance in accord with the governing Retirement Plan documents.
Death or Disability Prior to Retirement. If the Executive dies or suffers a Disability prior to the commencement of any benefit payments under the Plan whether before or after his Termination Date, the Executive's Beneficiary shall be entitled to payment of a benefit as of the first day of any month after the Executive's death or Disability. The death or Disability benefit shall be payable in a single lump sum in an amount which is equal to the Executive's Retirement Benefit at the date of his death or Disability increased by any Interest Credits made under the Plan prior to the date on which distribution of the benefit is made or commences.
Death or Disability Prior to Retirement. In the event of the Employee's death or disability prior to the Retirement Date, this Agreement shall automatically terminate and the Company shall have no further obligations to make any payments or take any actions under this Agreement or the Consulting Agreement. In such event, the Employee shall be entitled to benefits under the Company's Employee Benefit Plans in effect as of the date of the Employee's death or disability, for which the Employee is eligible pursuant to the terms of such plans. For purpose of this Section, the Employee shall be deemed to be disabled if he is unable to perform the essential function of his employment as the Company's Vice President, General Counsel and Secretary as may be determined by the Company in a manner consistent with past practice.
