Common use of Distribution of Benefit Clause in Contracts

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty (60) days following receipt by the Bank of the Executive's death certificate.

Appears in 8 contracts

Samples: Salary Continuation Agreement (Peoples Bancorporation Inc /Sc/), Executive Deferred Compensation Agreement (Greene County Bancshares Inc), Salary Continuation Agreement (Peoples Bancorporation Inc /Sc/)

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Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty (60) days following receipt by the Bank of the ExecutiveDirector's death certificate.

Appears in 7 contracts

Samples: Deferred Compensation Agreement (Greene County Bancshares Inc), Deferred Compensation Agreement (Greene County Bancshares Inc), Deferred Compensation Agreement (Greene County Bancshares Inc)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum payment within sixty ninety (6090) days following receipt by the Executive’s death. The Beneficiary shall be required to provide to the Bank a copy of the Executive's ’s death certificate.

Appears in 6 contracts

Samples: Deferred Compensation Agreement (Tower Bancorp Inc), Deferred Compensation Agreement (Tower Bancorp Inc), Deferred Compensation Agreement (Tower Bancorp Inc)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty ninety (6090) days following receipt by the Bank of the Executive's death certificate.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Agreement (Community Partners Bancorp), Supplemental Executive Retirement Agreement (Community Partners Bancorp), Supplemental Executive Retirement Agreement (Community Partners Bancorp)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty ninety (6090) days following receipt by the Executive’s death. The Beneficiary shall be required to provide to the Bank of the Executive's ’s death certificate.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Agreement, Supplemental Executive Retirement Agreement (Farmers & Merchants Bancshares, Inc.), Supplemental Executive Retirement Agreement (Farmers & Merchants Bancshares, Inc.)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty thirty (6030) days following receipt by the Participant’s death. The Beneficiary shall be required to provide to the Bank of the Executive's Participant’s death certificatecertificate receipt.

Appears in 4 contracts

Samples: Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.)

Distribution of Benefit. The Bank Company shall distribute the benefit to the Beneficiary in a lump sum within sixty thirty (6030) days following receipt by the Bank Company of the Executive's ’s death certificate.

Appears in 3 contracts

Samples: Salary Continuation Agreement, Salary Continuation Agreement (Sierra Bancorp), Salary Continuation Agreement (Sierra Bancorp)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty (60) days following receipt by the Bank death of the Executive's Director. The beneficiary must provide a copy of the death certificatecertificate to the bank.

Appears in 3 contracts

Samples: Phantom Stock Appreciation Rights Agreement (Kinderhook Bank Corp), Phantom Stock Appreciation Rights Agreement (Kinderhook Bank Corp), Phantom Stock Appreciation Rights Agreement (Kinderhook Bank Corp)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty (60) days following receipt by the Executive’s death. The Beneficiary shall be required to provide to the Bank of the Executive's ’s death certificate.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Smartfinancial Inc.), Supplemental Executive Retirement Plan Agreement (Riverview Financial Corp), Supplemental Executive Retirement Plan Agreement (Riverview Financial Corp)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty (60) days following receipt by the Bank of the Executive's ’s death certificate.

Appears in 3 contracts

Samples: Salary Continuation Agreement (United Heritage Bankshares of Florida Inc), Salary Continuation Agreement (United Heritage Bankshares of Florida Inc), Salary Continuation Agreement (First Community Corp /Sc/)

Distribution of Benefit. The Bank shall distribute the benefit ----------------------- to the Beneficiary in a lump sum within sixty one hundred eighty (60180) days following receipt by the Bank of the Executive's death certificate.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Pacific Premier Bancorp Inc), Salary Continuation Agreement (Pacific Premier Bancorp Inc)

Distribution of Benefit. The Bank Company shall distribute the benefit to the Beneficiary in a lump sum within sixty (60) days following receipt by the Bank Company of the Executive's ’s death certificate.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Nexity Financial Corp), Salary Continuation Agreement (Nexity Financial Corp)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty (60) days following receipt by the Bank of the Executive's death certificate’s death.

Appears in 1 contract

Samples: Salary Continuation Agreement (BayFirst Financial Corp.)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty (60) days following receipt by the Bank date of the Executive's death certificate’s death.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Habersham Bancorp)

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Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty thirty (6030) days following receipt by the Bank of the Executive's ’s death certificate.

Appears in 1 contract

Samples: Salary Continuation Agreement (River Valley Bancorp)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty ninety (6090) days following receipt by the Bank of the Executive's death certificate’s death.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Two River Bancorp)

Distribution of Benefit. The Bank shall distribute the benefit to ------------------------ the Beneficiary in a lump sum within sixty ninety (6090) days following receipt by the Bank of the Executive's death certificate.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Community Partners Bancorp)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty sixty; (60) days following receipt by the Bank of the Executive's Director’s death certificate.

Appears in 1 contract

Samples: Phantom Stock Appreciation Rights Agreement (Kinderhook Bank Corp)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary Beneficiary, in a lump sum within sixty (60) days following receipt by the Bank of the Executive's Director’s death certificate.

Appears in 1 contract

Samples: Director Deferred Compensation Agreement (Newnan Coweta Bancshares Inc)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty thirty (6030) days following receipt by the Bank of the Executive's Director’s death certificate.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Central Valley Community Bancorp)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty one hundred eighty (60180) days following receipt by the Bank of the Executive's Director’s death certificate.

Appears in 1 contract

Samples: Director Deferred Compensation Agreement (Pacific Premier Bancorp Inc)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty (60) days following receipt by the Bank of the Executive's Director’s death certificate.

Appears in 1 contract

Samples: Phantom Stock Appreciation Rights Agreement (Kinderhook Bank Corp)

Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within sixty ninety (6090) days following receipt by the Executive's death. The Beneficiary shall be required to provide to the Bank of the Executive's death certificate.

Appears in 1 contract

Samples: Salary Continuation Agreement (Bank of the James Financial Group Inc)

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