Common use of Death Prior to Separation from Service Clause in Contracts

Death Prior to Separation from Service. I understand that if I die at any time while still employed with the Bank prior to attaining my Benefit Age, my Beneficiary will be entitled to 100% of my Accrued Benefit as a Survivor Benefit, whether or not I am fully vested in my Accrued Benefit at such time. My Survivor Benefit shall commence within 90 days following my date of death and shall be payable in a lump sum to my Beneficiary.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Plan Joinder Agreement (Citizens Bancshares Corp /Ga/), Supplemental Executive Retirement Plan Joinder Agreement (Citizens Bancshares Corp /Ga/), Supplemental Executive Retirement Plan Joinder Agreement (Citizens Bancshares Corp /Ga/)

AutoNDA by SimpleDocs

Death Prior to Separation from Service. I understand that if I die at any time while still employed with the Bank prior to attaining my Benefit AgeBank, my Beneficiary will be entitled to 100% of my Accrued Benefit as a Survivor Benefit, whether or not I am fully vested in . My Survivor Benefit shall be equal to my Accrued full Supplemental Retirement Benefit otherwise payable to me at such timeBenefit Age. My Survivor Benefit shall commence within 90 days following my date of death and shall be payable in a lump sum 180 monthly installments to my Beneficiary.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Joinder Agreement (Citizens Bancshares Corp /Ga/), Supplemental Executive Retirement Plan Joinder Agreement (Citizens Bancshares Corp /Ga/)

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