Common use of Disability While Employed Clause in Contracts

Disability While Employed. I understand that in the event of my Disability prior to my Benefit Age, I will be entitled to the Disability Benefit equal to my entire Account Balance calculated as set forth in the Plan. My Disability Benefit will be paid in a Lump Sum payment within 30 days after my Disability determination unless I elect otherwise by checking the box below.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Plan Participation Agreement (Pathfinder Bancorp, Inc.), Supplemental Executive Retirement Plan Participation Agreement (Pathfinder Bancorp Inc), Supplemental Executive Retirement Plan Participation Agreement (Pathfinder Bancorp Inc)

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Disability While Employed. I understand that in the event of my Disability prior to my Benefit Age, I will be entitled to the Disability Benefit equal to my entire Account Balance calculated as set forth in the Plan. My Disability Benefit will be paid in a Lump Sum payment within 30 days after upon the determination of my Disability determination unless I elect otherwise by checking the box belowDisability.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Participation Agreement (Beverly Financial, Inc.), Supplemental Executive Retirement Plan Participation Agreement (Beverly Financial, Inc.)

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