Common use of Death Prior to Commencement of Benefit Payments Clause in Contracts

Death Prior to Commencement of Benefit Payments. In the event the Executive dies prior to Separation from Service, Disability and Change in Control the Employer shall pay the Beneficiary an annual benefit in the amount of One Hundred Twenty-Five Thousand Dollars ($125,000) in lieu of any other benefit hereunder. If the Executive’s death occurs after Normal Retirement Age, for each full month between Normal Retirement Age and the Executive’s death, up to a maximum of twenty-four (24) months, the Employer shall increase this annual benefit by .3274%. If the Executive’s death occurs after the Executive has reached age sixty-seven (67) the annual benefit shall be One Hundred Thirty-Five Thousand Two Hundred Dollars ($135,200). The annual benefit will be paid for fifteen (15) years in equal monthly installments commencing the month following the Executive’s death.

Death Prior to Commencement of Benefit Payments. In the event the Executive dies prior to Separation from Service, Disability and Change in Control the Employer shall pay the Beneficiary an annual benefit in the amount of One Hundred TwentyForty-Five Eight Thousand Dollars ($125,00048,000) in lieu of any other benefit hereunder. If the Executive’s death occurs after Normal Retirement Age, for each full month between Normal Retirement Age and the Executive’s death, up to a maximum of twenty-four (24) months, the Employer Bank shall increase this annual benefit by .3274..3274%. If the Executive’s death occurs after the Executive has reached age sixty-seven (67) the annual benefit shall be Fifty-One Thousand Nine Hundred Thirty-Five Thousand Two Hundred Seventeen Dollars ($135,20051,917). The annual benefit will be paid for fifteen (15) years in equal monthly installments commencing the month following the Executive’s death.

Death Prior to Commencement of Benefit Payments. In the event the Executive dies prior to Separation from Service, Disability and Change in Control the Employer shall pay the Beneficiary an annual benefit in the amount of One Hundred Twenty-Five Thousand Dollars ($125,000100,000) in lieu of any other benefit hereunder. If the Executive’s 's death occurs after Normal Retirement Agethe Executive has reached age sixty-five (65), for each full month between Normal Retirement Age age sixty-five (65) and the Executive’s 's death, up to a maximum of twenty-four (24) months, the Employer Bank shall increase this annual benefit by .3274%. If the Executive’s 's death occurs after the Executive has reached age sixty-seven (67) the annual benefit shall be One Hundred Thirty-Five Eight Thousand Two One Hundred Sixty Dollars ($135,200108,160). The annual benefit will be paid for fifteen (15) years in equal monthly installments commencing the month following the Executive’s 's death.

Death Prior to Commencement of Benefit Payments. In the event the Executive dies prior to Separation from Service, Disability and Change in Control the Employer shall pay the Beneficiary an annual benefit in the amount of One Hundred Twenty-Five Fifty Thousand Dollars ($125,00050,000) in lieu of any other benefit hereunder. If the Executive’s 's death occurs after Normal Retirement Age, for each full month between Normal Retirement Age and the Executive’s 's death, up to a maximum of twenty-four (24) months, the Employer Bank shall increase this annual benefit by .3274%. If the Executive’s 's death occurs after the Executive has reached age sixty-seven (67) the annual benefit shall be One Hundred ThirtyFifty-Five Four Thousand Two Hundred Eighty Dollars ($135,20054,080). The annual benefit will be paid for fifteen (15) years in equal monthly installments commencing the month following the Executive’s 's death.

Death Prior to Commencement of Benefit Payments. In the event the Executive dies prior to Separation from Service, Disability and Change in Control the Employer shall pay the Beneficiary an annual benefit in the amount of One Hundred Twenty-Five Thirty Thousand Dollars ($125,00030,000) in lieu of any other benefit hereunder. If the Executive’s 's death occurs after Normal Retirement Age, for each full month between Normal Retirement Age and the Executive’s 's death, up to a maximum of twenty-four (24) months, the Employer Bank shall increase this annual benefit by .3274%. If the Executive’s 's death occurs after the Executive has reached age sixty-seven (67) the annual benefit shall be One Hundred Thirty-Five Two Thousand Two Four Hundred Forty-Eight Dollars ($135,20032,448). The annual benefit will be paid for fifteen (15) years in equal monthly installments commencing the month following the Executive’s 's death.

Death Prior to Commencement of Benefit Payments. In the event the Executive dies prior to Separation from Service, Disability and Change in Control the Employer shall pay the Beneficiary an annual benefit in the amount of One Hundred Twenty-Five Sixty Thousand Dollars ($125,00060,000) in lieu of any other benefit hereunder. If the Executive’s 's death occurs after Normal Retirement Age, for each full month between Normal Retirement Age and the Executive’s 's death, up to a maximum of twenty-four (24) months, the Employer Bank shall increase this annual benefit by .3274%. If the Executive’s 's death occurs after the Executive has reached age sixty-seven (67) the annual benefit shall be One Sixty-Four Thousand Eight Hundred ThirtyNinety-Five Thousand Two Hundred Six Dollars ($135,20064,896). The annual benefit will be paid for fifteen (15) years in equal monthly installments commencing the month following the Executive’s 's death.