Death Prior to Termination of Employment. If Executive dies prior to termination of employment with the Bank (but before commencement of payment of the Supplemental Retirement Income Benefit to Executive), his Beneficiary shall be entitled to the Survivor's Benefit. The first installment shall begin within thirty (30) days after the date of death of Executive and each succeeding installment shall be paid on the next succeeding month thereof during the Payout Period.
Appears in 5 contracts
Samples: Supplemental Retirement Income Agreement (Marion Capital Holdings Inc), Supplemental Retirement Income Agreement (Marion Capital Holdings Inc), Supplemental Retirement Income Agreement (Marion Capital Holdings Inc)
Death Prior to Termination of Employment. If Executive dies In the event of the Executive's death prior to termination of employment with the Bank Bank, while covered by the provisions of this Agreement, the Executive's Beneficiary (but before commencement of payment of or the Supplemental Retirement Income Benefit to Executive), his Beneficiary Beneficiary's estate) shall be entitled to paid the Survivor's Benefit. The first installment Payments shall begin commence within thirty (30) days after of the date of death of Executive and each succeeding installment shall be paid on the next succeeding month thereof during the Payout PeriodExecutive.
Appears in 3 contracts
Samples: Supplemental Retirement Income Agreement (Citizens Bancorp), Supplemental Retirement Income Agreement (Citizens Bancorp), Supplemental Retirement Income Agreement (Citizens Bancorp)
Death Prior to Termination of Employment. If Executive dies prior to termination of employment with the Bank (or after termination of employment with the Bank but before commencement prior to the payment of payment any portion of the Supplemental Retirement Income Benefit to Benefit, Executive), his 's Beneficiary shall be entitled to the Survivor's Benefit. The first installment shall begin within thirty (30) days after the date of death of Executive and each succeeding installment Such benefit shall be paid on the next succeeding month thereof during the Payout Period.monthly in two hundred forty
Appears in 2 contracts
Samples: Income Agreement (Brooklyn Federal Bancorp, Inc.), Income Agreement (Brooklyn Federal Bancorp, Inc.)
Death Prior to Termination of Employment. If It the Executive dies prior to termination of employment with the Bank (but before commencement of payment of the Supplemental Retirement Income Benefit to Executive)Bank, his Beneficiary shall be entitled to be paid the Survivor's ’s Benefit. The first installment shall begin , commencing within thirty (30) days after of the date of death of Executive and each succeeding installment shall be paid on the next succeeding month thereof during the Payout PeriodExecutive’s death.
Appears in 2 contracts
Samples: Supplemental Retirement Income Agreement (German American Bancorp, Inc.), Supplemental Retirement Income Agreement (German American Bancorp)
Death Prior to Termination of Employment. If Executive dies prior to termination of employment with the Bank (or after termination of employment with the Bank but before commencement prior to the payment of payment any portion of the Supplemental Retirement Income Benefit to Benefit, Executive), his ’s Beneficiary shall be entitled to the Survivor's ’s Benefit. Such benefit shall be paid monthly in two hundred forty (240) equal installments. The first installment shall begin within thirty (30) days after the Bank is notified of the date of death of Executive and each succeeding installment shall be paid on the next succeeding month thereof during the Payout PeriodExecutive.
Appears in 2 contracts
Samples: Executive Supplemental Retirement (Brooklyn Federal Bancorp, Inc.), Supplemental Retirement Income Agreement (Brooklyn Federal Bancorp, Inc.)
