Common use of Disability Benefit - Supplemental Clause in Contracts

Disability Benefit - Supplemental. Furthermore, if Board of Director approval is obtained within thirty (30) days of the Executive’s death, the Bank shall make a direct, lump sum payment to the Executive’s Beneficiary in an amount equal to the sum of all remaining Contributions (or Phantom Contributions) set forth in Exhibit A, but not required pursuant to Subsection 2.1(b) (or 2.1(c)) due to the Executive’s disability-related termination. Such lump sum payment, if approved by the Board of Directors, shall be payable to the Executive’s Beneficiary within thirty (30) days of such Board of Director approval.

Disability Benefit - Supplemental. Furthermore, if If Board of Director approval is obtained within thirty (30) days of the Executive’s =s death, the Bank shall make a direct, lump sum payment to the Executive’s 's Beneficiary in an amount equal to the following: the sum of all remaining Contributions (or Phantom Contributions) set forth in Exhibit A, but not required pursuant to Subsection 2.1(b) (or 2.1(c)) due to the Executive’s 's disability-related termination. Such lump sum payment, if approved by the Board of Directors, shall be payable to the Executive’s Beneficiary within thirty (30) days of such Board of Director approval.

Disability Benefit - Supplemental. Furthermore, if Board of Director approval is obtained within thirty (30) days of the Executive’s =s death, the Bank shall make a direct, lump sum payment to the Executive’s 's Beneficiary in an amount equal to the sum of all remaining Contributions (or Phantom Contributions) set forth in Exhibit A, but not required pursuant to Subsection 2.1(b) (or 2.1(c)) due to the Executive’s 's disability-related termination. Such lump sum payment, if approved by the Board of Directors, shall be payable to the Executive’s =s Beneficiary within thirty (30) days of such Board of Director approval.

Disability Benefit - Supplemental. Furthermore, if If Board of Director approval is obtained within thirty (30) days of the Executive’s 's death, the Bank shall make a direct, lump sum payment to the Executive’s 's Beneficiary in an amount equal to the following: the sum of all remaining Contributions (or Phantom Contributions) set forth in Exhibit A, but not required pursuant to Subsection 2.1(b) (or 2.1(c)) due to the Executive’s disability-related termination. Such lump sum payment, if approved by the Board of Directors, shall be payable to the Executive’s Beneficiary within thirty (30) days of such Board of Director approval.

Disability Benefit - Supplemental. Furthermore, if Board of Director approval is obtained within thirty (30) days of the Executive’s death, the Bank shall make a direct, lump sum payment to the Executive’s 's Beneficiary in an amount equal to the sum of all remaining Contributions (or Phantom Contributions) set forth in Exhibit A, but not required pursuant to Subsection 2.1(b) (or 2.1(c)) due to the Executive’s 's disability-related termination. Such lump sum payment, if approved by the Board of Directors, shall be payable to the Executive’s Beneficiary within thirty (30) days of such Board of Director approval.

Disability Benefit - Supplemental. Furthermore, if Board of Director approval is obtained within thirty (30) days of the Executive’s 's death, the Bank shall make a direct, lump sum payment to the Executive’s 's Beneficiary in an amount equal to the sum of all remaining Contributions (or Phantom Contributions) set forth in Exhibit A, but not required pursuant to Subsection 2.1(b) (or 2.1(c)) due to the Executive’s 's disability-related termination. Such lump sum payment, if approved by the Board of Directors, shall be payable to the Executive’s 's Beneficiary within thirty (30) days of such Board of Director approval.

Disability Benefit - Supplemental. Furthermore, if Board of Director approval is obtained within thirty (30) days of the ExecutiveDirector’s death, the Bank shall make a direct, lump sum payment to the ExecutiveDirector’s Beneficiary in an amount equal to the sum of all remaining Contributions (or Phantom Contributions) set forth in Exhibit A, but not required pursuant to Subsection 2.1(b) (or 2.1(c)) due to the ExecutiveDirector’s disability-related termination. Such lump sum payment, if approved by the Board of Directors, shall be payable to the ExecutiveDirector’s Beneficiary within thirty (30) days of such Board of Director approval.

Disability Benefit - Supplemental. Furthermore, if Board of Director approval is obtained within thirty (30) days of the Executive’s death, the Bank shall make a direct, lump sum payment to the Executive’s Beneficiary in an amount equal to the sum of all remaining Contributions (or Phantom Contributions) set forth in Exhibit A, but not required pursuant to under Subsection 2.1(b) (or 2.1(c)) due to the Executive’s disability-related terminationtermination prior to Retirement Age. Such lump sum payment, if approved by the Board of Directors, shall be payable to the Executive’s Beneficiary within thirty (30) days of such Board of Director approval.

Disability Benefit - Supplemental. Furthermore, if If Board of Director approval is obtained within thirty (30) days of the Executive’s 's death, the Bank shall make a direct, lump sum payment to the Executive’s 's Beneficiary in an amount equal to the following: the sum of all remaining Contributions (or Phantom Contributions) set forth in Exhibit A, but not required pursuant to Subsection 2.1(b) (or 2.1(c)) due to the Executive’s 's disability-related termination. Such lump sum payment, if approved by the Board of Directors, shall be payable to the Executive’s Beneficiary within thirty (30) days of such Board of Director approval.