Common use of Death Prior to Termination of Employment Clause in Contracts

Death Prior to Termination of Employment. If the Participant dies while employed by the Bank, the Participant's beneficiary shall be entitled to a benefit equal to two and five-tenths (2.5) times the deceased Participant's Base Annual Salary at the date of death; but not in excess of the maximum benefit amount specified in Exhibit A.

Appears in 1 contract

Samples: Group Term Carve Out Plan (Se Financial Corp)

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Death Prior to Termination of Employment. If the Participant dies while employed by the Bank, the Participant's beneficiary shall be entitled to a benefit equal to two and fiveone-tenths half (2.52 1/2) times the deceased Participant's Base Annual Salary at the date of death; but not in excess of the maximum benefit amount specified in Exhibit A.

Appears in 1 contract

Samples: Group Term Carve Out Plan (Emclaire Financial Corp)

Death Prior to Termination of Employment. If the Participant dies while employed by the Bank, the Participant's ’s beneficiary shall be entitled to a benefit equal to two and fiveone-tenths half (2.5) times (one times for Xx. Xxxxxx X. Hickman) the deceased Participant's ’s Base Annual Salary at the effective date of death; but not in excess the Plan, the amount of the maximum benefit amount which is specified in Exhibit A.

Appears in 1 contract

Samples: Group Term Carve Out Plan (First Farmers & Merchants Corp)

Death Prior to Termination of Employment. If the Participant dies while employed by the Bank, the Participant's ’s beneficiary shall be entitled to a benefit equal to two and fiveone-tenths half (2.52-1/2) times the deceased Participant's ’s Base Annual Salary at the effective date of death; but not in excess the Plan, the amount of the maximum benefit amount which is specified in Exhibit A.

Appears in 1 contract

Samples: Group Term Carve Out Plan (First Farmers & Merchants Corp)

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Death Prior to Termination of Employment. If the Participant dies while employed by the Bank, the Participant's beneficiary shall be entitled to a benefit equal to two and five-tenths three (2.53) times the deceased Participant's Base Annual Salary at the date of death; but not in excess of the maximum benefit amount specified in Exhibit A.

Appears in 1 contract

Samples: Group Term Carve Out Plan (Wayne Savings Bancshares Inc /De/)

Death Prior to Termination of Employment. If the Participant dies while employed by the Bank, the Participant's ’s beneficiary shall be entitled to a benefit equal to two and five-tenths (2.5) times the deceased Participant's ’s Base Annual Salary at the date of death; , but not in excess of the maximum benefit amount specified in Exhibit A.

Appears in 1 contract

Samples: Group Term Carve Out Plan (Laurel Capital Group Inc)

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