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

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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: Compensation Agreement (Greene County Bancshares Inc), Compensation Agreement (Greene County Bancshares Inc), 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 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: Retirement Agreement, Retirement Agreement (Farmers & Merchants Bancshares, Inc.), Retirement Agreement (Farmers & Merchants Bancshares, 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: Retirement Agreement (Community Partners Bancorp), Retirement Agreement (Community Partners Bancorp), Retirement Agreement (Community Partners Bancorp)

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: Continuation Agreement, Salary Continuation Agreement (Sierra Bancorp), 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: Stock Appreciation Rights Agreement (Kinderhook Bank Corp), Stock Appreciation Rights Agreement (Kinderhook Bank Corp), 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: Continuation Agreement (First Community Corp /Sc/), United Heritage Bank Salary Continuation Agreement (United Heritage Bankshares of Florida Inc), United Heritage Bank Salary Continuation Agreement (United Heritage Bankshares of Florida Inc)

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: Pacific Premier (Pacific Premier Bancorp Inc), Pacific Premier (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 ninety (6090) days following receipt by the Bank of the Executive's death certificate.

Appears in 1 contract

Samples: Retirement Agreement (Community Partners 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 of the Executive's Director’s death certificate.

Appears in 1 contract

Samples: 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: Neighborhood Community Bank (Newnan Coweta Bancshares 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 ’s death certificate.. Sections 5.1 and 5.2 of the Agreement shall be deleted in their entirety and replaced with the following:

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Home Federal Bancorp)

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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: Two River Community Bank 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 (60) days as soon as administratively practicable following receipt by the Bank of the Executive's ’s death certificate.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Northwest Bancorporation Inc)

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: Pacific Premier Bank 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 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: Continuation Agreement (Bank of the James Financial Group 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 (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)

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 sixty; (60) days following receipt by the Bank of the Executive's Director’s death certificate.

Appears in 1 contract

Samples: Stock Appreciation Rights Agreement (Kinderhook Bank Corp)

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