Common use of Death Prior to Retirement Clause in Contracts

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.

Appears in 1 contract

Samples: Supplemental Retirement Agreement (MidWestOne Financial Group, Inc.)

AutoNDA by SimpleDocs

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 25June 15, 2015 2019 or such later date as may be agreed upon), the Corporation will pay two thousand eighty eight hundred thirty-three and 33/100ths dollars and 33/lOOths ($2083.33833.33) each month for one-hundred eighty twenty (180120) months to the surviving spouse of the Executive, commencing on the first day of the month following the Executive's ’s “Plan Retirement Date” (September July 1, 20152019), and continuing for the lesser ofof : (a) a full term of one-hundred eighty twenty (180120) months, or (b) the lifetime of the surviving spouse.

Appears in 1 contract

Samples: Second Supplemental Retirement Agreement (ISB Financial 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 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 one-thousand eighty three two-hundred fifty dollars and 33/lOOths ($2083.331,250.00) each month for one-hundred eighty eighth (180) months to the surviving spouse of the Executive, commencing on the first day of the month following the Executive's ’s “Plan Retirement Date” (September July 1, 2015), and continuing for the lesser of: (a) a full term of one-hundred eighty (180) months, or (b) the lifetime of the surviving spouse.

Appears in 1 contract

Samples: Supplemental Retirement Agreement (ISB Financial 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 his this attaining the Plan Retirement Date (which will occur on August 25June 15, 2015 2024 or such later date as may be agreed upon), the Corporation will pay two one-thousand eighty three two-hundred fifty dollars and 33/lOOths ($2083.331,250.00) 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 ’s “Plan Retirement Date” (September July 1, 20152024), and continuing for the lesser of: (a) a full term of one-hundred eighty (180) months, or (b) the lifetime of the surviving spouse.

Appears in 1 contract

Samples: Supplemental Retirement Agreement (ISB Financial Corp.)

AutoNDA by SimpleDocs

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 her attaining the Plan Retirement Date (which will occur on August 25June 12, 2015 2019 or such later date as may be agreed upon), the Corporation will pay two one-thousand eighty three two-hundred fifty dollars and 33/lOOths ($2083.331,250.00) 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 ’s “Plan Retirement Date” (September July 1, 20152019), and continuing for the lesser of: (a) a full term of one-hundred eighty (180) months, or (b) the lifetime of the surviving spouse.

Appears in 1 contract

Samples: Supplemental Retirement Agreement (ISB Financial 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 his her attaining the Plan Retirement Date (which will occur on August 25September 20, 2015 2022 or such later date as may be agreed upon), the Corporation will pay one thousand two thousand eighty three hundred fifty dollars and 33/lOOths ($2083.331250.00) each month for one-hundred eighty (180) months to the surviving spouse of the Executive, commencing on the first day of the month (October 1, 2022) 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) months, or (b) the lifetime of the surviving spouse.

Appears in 1 contract

Samples: Supplemental Retirement Agreement (MidWestOne Financial Group, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.