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 this attaining the age of sixty-five (65) years, the Corporation will pay the annual sum of Fifty Thousand Dollars ($50,000.00) per year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty (180) months. If a valued 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 November 1, 1992.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (Coast Bancorp)
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 this his attaining the age of sixty-five (65) years, the Corporation will pay the annual sum of Fifty Thousand fifty thousand five hundred Dollars ($50,000.0050,500) per year, year to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty (180) months. If a valued 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 her 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 November February 1, 19921995.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (Lamar Capital Corp)
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 this her attaining the age of sixty-five (65) years, the Corporation will pay the annual sum of Fifty Thousand forty-four thousand nine hundred Dollars ($50,000.0044,900) per year, year to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty (180) months. If a valued 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 her 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 November February 1, 19921995.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (Lamar Capital Corp)
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 this attaining the age of sixty-five (65) yearshis Retirement Date, the Corporation will shall pay the annual sum a yearly benefit of Fifty One Hundred Thirty-four Thousand Dollars and Fifty-eight dollars ($50,000.00) per year134,058), payable on a monthly basis to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty (180) months. If a valued 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 the executive's estate. The said monthly payments shall begin the first day of the month following the month of the decease 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 on or before November 1, 1992suicide.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (Redwood Empire Bancorp)
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 this attaining the age of sixty-five (65) years, the Corporation will pay the annual sum of Fifty Seven Five Thousand Dollars ($50,000.0075,000.00) per year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty (180) months. If a valued 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 November 1, 1992.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (Coast Bancorp)
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 this his attaining the age of sixty-five seventy (6570) years, the Corporation will pay the annual sum of Fifty Eighteen Thousand Dollars ($50,000.0018,000.00) per year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty twenty (180120) months. If a valued 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 November 1April 20, 19921995.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (East Ridge Bancshares Inc)
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 this his attaining the age of sixty-five seventy (6570) years, the Corporation will pay the annual sum of Fifty Twenty-Seven Thousand Dollars ($50,000.0027,000.00) per year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty twenty (180120) months. If a valued 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 November 1April 20, 19921995.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (East Ridge Bancshares Inc)
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 Agreement, but prior to this his or her attaining the age of sixty-five (65) years, the Corporation will pay the annual sum of Fifty Thousand Dollars __________________ ($50,000.00________________ ) per year, year to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty twenty (180120) months. If a valued 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. or her 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 November February 1, 19921999.
Appears in 1 contract
Samples: Salary Continuation Program Agreement (United Security Bancorporation)
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 this attaining the age of sixty-five (65) yearshis Retirement Date, the Corporation will shall pay the annual sum a yearly benefit of Fifty Thousand Dollars ONE HUNDRED THIRTY-FOUR THOUSAND AND FIFTY-EIGHT DOLLARS ($50,000.00) per year134,058), payable on a monthly basis to the Executive's 's, designated Beneficiary in equal monthly installments for a period of one hundred eighty (180) months. If a valued 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 Executive's estate. The said monthly payments shall begin the first day of the month following the month of the decease 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 on or before November 1, 1992suicide.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (Redwood Empire Bancorp)
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 this his attaining the age of sixty-five (65) years, the Corporation will pay the annual sum of Fifty Thousand fifty-seven thousand two hundred Dollars ($50,000.0057,200) per year, year to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty (180) months. If a valued 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 November February 1, 19921995.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (Lamar Capital Corp)
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 this his attaining the age of sixty-five seventy (6570) years, the Corporation will pay the annual sum of Fifty Sixteen Thousand Dollars ($50,000.0016,000.00) per year, to the Executive's designated Beneficiary in equal monthly installments for a period of one hundred eighty twenty (180120) months. If a valued 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 November 1April 20, 19921995.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (East Ridge Bancshares Inc)