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

Death Prior to Separation from Service. If the Executive dies while employed by the Bank, the Executive’s Beneficiary/ies shall be entitled to a benefit equal, in the aggregate, to Seven Hundred Ninety-One Thousand Four Hundred Ninety-Six Dollars ($791,496).

Appears in 1 contract

Samples: Supplemental Life Insurance Agreement (Enterprise Bancorp Inc /Ma/)

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Death Prior to Separation from Service. If the Executive dies while employed by the Bank, the Executive’s Beneficiary/ies Beneficiary shall be entitled to a benefit equal, in the aggregate, equal to Seven One Hundred NinetyTwenty-One Five Thousand Four Hundred Ninety-Six Dollars ($791,496125,000), provided that such benefit shall not exceed the Net Death Proceeds.

Appears in 1 contract

Samples: Supplemental Life Insurance Agreement (Illini Corp)

Death Prior to Separation from Service. If the Executive dies while employed by the Bank, the Executive’s Beneficiary/ies shall be entitled to a benefit equal, in the aggregate, to Seven One Million Five Hundred NinetyFifty-One Six Thousand Four Hundred NinetyFifty-Six Dollars ($791,4961,556,056).

Appears in 1 contract

Samples: Supplemental Life Insurance Agreement (Enterprise Bancorp Inc /Ma/)

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Death Prior to Separation from Service. If the Executive dies while employed by the Bank, the Executive’s Beneficiary/ies shall be entitled to a benefit equal, in the aggregate, to Seven Two Hundred NinetyThirty-One Nine Thousand Four Hundred Ninety-Six Sixteen Dollars ($791,496239,416).

Appears in 1 contract

Samples: Supplemental Life Insurance Agreement (Enterprise Bancorp Inc /Ma/)

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