Death Subsequent to Retirement. In the event of Executive's death while receiving monthly benefits under this Agreement (including early retirement pursuant to Section 3.1) or after retirement but before commencement of payment of the Supplemental Retirement Income Benefit to Executive then the unpaid balance of such monthly payments remaining to be paid at that time shall continue to be paid monthly for the remainder of the Payout Period to Executive's Beneficiary.
Appears in 4 contracts
Samples: Executive Supplemental Retirement Income Agreement (Marion Capital Holdings Inc), Executive Supplemental Retirement Income Agreement (Marion Capital Holdings Inc), Executive Supplemental Retirement Income Agreement (Marion Capital Holdings Inc)
Death Subsequent to Retirement. In the event of Executive's death of Executive while receiving monthly benefits under this Agreement (including early retirement pursuant to Section 3.1) or after retirement on or after the Executive's Normal Retirement Date but before commencement of payment of the Supplemental Retirement Income Benefit to Executive Executive, except under Section 3.3 hereof, then the unpaid balance of such monthly payments remaining to be paid at that time shall continue to be paid monthly for the remainder of the Payout Period to Executive's Beneficiary.
Appears in 1 contract
Samples: Shareholder Benefit Plan Agreement (Northeast Indiana Bancorp Inc)
Death Subsequent to Retirement. In the event of Executive's death of Executive while receiving monthly benefits under this Agreement (including early retirement pursuant to Section 3.1) or after retirement but before commencement of payment of the Supplemental Retirement Income Benefit to Executive Executive, except under Section 3.3 hereof, then the unpaid balance of such monthly payments remaining to be paid at that time shall continue to be paid monthly for the remainder of the Payout Period to Executive's Beneficiary.
Appears in 1 contract
Samples: Executive Supplemental Retirement Income Agreement (Oswego County Bancorp Inc)
Death Subsequent to Retirement. In the event of Executive's death of Executive while receiving monthly benefits under this Agreement (including early retirement pursuant to Section 3.1) Plan or after retirement on or after the Executive's Normal Retirement Date but before commencement of payment of the Supplemental Retirement Income Benefit to Executive Executive, except under Section 3.3 hereof, then the unpaid balance of such monthly payments remaining to be paid at that time shall continue to be paid monthly for the remainder of the Payout Period to Executive's Beneficiary.
Appears in 1 contract
Samples: Executive Shareholder Benefit Plan Agreement (Marion Capital Holdings Inc)
