Death Prior to Separation from Service. If the Executive dies while employed by the Bank, the Executive’s Beneficiary shall be entitled to a benefit equal to the amount shown on Schedule A minus the benefit amount paid to the Executive’s beneficiary designated in Agreement 2.
Appears in 2 contracts
Samples: Northern California Bancorp Inc, Northern California Bancorp Inc
Death Prior to Separation from Service. If the Executive dies while employed by the Bank, the Executive’s Beneficiary shall be entitled to a benefit equal to one hundred percent (100%) of the amount shown on Schedule A Net Death Proceeds minus the benefit amount amounts paid to the Executive’s beneficiary designated in pursuant to Agreement 1 and Agreement 2.
Appears in 2 contracts
Samples: Supplemental Life Insurance Agreement (Northern California Bancorp Inc), Supplemental Life Insurance Agreement (Northern California Bancorp Inc)
