Death Prior to Retirement. Where an employee dies and he/she would have been entitled to receive a Public Service Award if he/she had retired from the Employer immediately before his/her death, the Public Service Award to which he/she would have been entitled shall be paid:
Death Prior to Retirement. Where an employee dies and would have been entitled to receive a Retirement allowance if retired immediately before death, the Retirement allowance to which the employee would have been entitled shall be paid:
Death Prior to Retirement. If the Executive dies while actively employed by the Bank or Corporation prior to retirement; or
Death Prior to Retirement a. In the event that the Executive dies while in the employ of the Company and has a Beneficiary on the date of his death, the Executive's Beneficiary shall receive, beginning with the first day of the month following the Executive's death and payable monthly, an annual amount equal to two-thirds of the Executive's Unreduced Supplemental Retirement Benefit (computed on the basis of the Vesting Service which the Executive would have completed had the Executive remained in the employ of the Company until attainment of age 60) offset by the Other Company Plan Benefits; provided, however, that such offset shall be made at such time as Other Company Plan Benefits are payable (whether or not the Beneficiary has elected to defer payment to a later date) and in an amount equal to (i) a life annuity payable to the Executive's Beneficiary that is equal to the Actuarial Equivalent of the SGC Profit Sharing Plan balance, and (ii) the survivor annuity actually payable to Executive's Beneficiary pursuant to any Other Company Plan, each determined as of the earliest date on which payments of Other Company Plan Benefits are payable to the Beneficiary.
Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to his attaining the Plan Retirement Date (which will occur on August 25, 2015 or such later date as may be agreed upon), the Corporation will pay two thousand eighty three dollars and 33/lOOths ($2083.33) each month for one-hundred eighty (180) months to the surviving spouse of the Executive, commencing on the first day of the month following the Executive's “Plan Retirement Date” (September 1, 2015), and continuing for the lesser of: (a) a full term of one-hundred eighty (180) or (b) the lifetime of the surviving spouse.
Death Prior to Retirement. In the event the Executive should die while employed by the Corporation at any time after the date of this Agreement but prior to his Retirement Date, the Corporation shall pay a yearly benefit of One Hundred Thirty-four Thousand and Fifty-eight dollars ($134,058), payable on a monthly basis to the Executive's designated Beneficiary for a period of one hundred eighty (180) months. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of the executive's estate. The said monthly payments shall begin the first day of the month following the month of the death of the Executive. Provided, however, that anything hereinabove to the contrary notwithstanding, no death benefit shall be payable hereunder if it is determined that the Executive's death was caused by suicide.
Death Prior to Retirement. In the event that the Executive should die while actively employed by the Corporation at any time after the Effective Date of this Agreement, the Corporation shall pay the Supplemental Benefit described in this Article 2 to such individual or individuals as the Executive has designated in writing, filed with and been approved by the Corporation. In the absence of any effective designation of a beneficiary, any amounts payable under this Article 2 shall be payable to the Executive's duly qualified executor or administrator.
Death Prior to Retirement. Except as provided for in Section 3.4 Benefits Payable Upon a Change in Control, in the event Executive dies prior to Retirement, Executive and Employer agree that no payments shall be made pursuant to this Agreement.
Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to his attaining the age of sixty-five (65) years, the Corporation will pay the annual sum of Forty thousand Dollars ($40,000) per year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred twenty (120) months. If the Executive is not survived by any designated beneficiary, said payments shall be made to the duly qualified personal representative, executor or administrator of his estate. The said monthly payments shall begin the first day of the month following the month of the decease of the Executive. The Corporation's obligation to make payments under this paragraph is contingent upon the Corporation receiving the insurance benefits payable as a result of the Executive's death.
Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to his attaining the age of seventy (70) years, the Corporation will pay the annual sum of Twenty-Seven Thousand Dollars ($27,000.00) per year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred twenty (120) months. If a valid Beneficiary Designation is not in effect, the payments shall be made to the Executive's surviving spouse or, if none, said payments shall be made to the duly qualified personal representative, executor or administrator of his estate. The said monthly payments shall begin the first day of the month following the month of the decease of the Executive. Provided, however, that anything hereinabove to the contrary notwithstanding, no death benefit shall be payable hereunder if it is determined that the Executive's death was caused by suicide on or before April 20, 1995.
