Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum on the first day of the fourth month following the Executive’s death. The Beneficiary shall be required to provide the Executive’s death certificate to the Bank.
Appears in 9 contracts
Samples: Salary Continuation Agreement (Bank of Marin Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp), Salary Continuation Agreement (Bank of Marin Bancorp)
Distribution of Benefit. The Bank Corporation shall distribute the benefit to the Beneficiary in a lump sum on the first day of the fourth month following the Executive’s death. The Beneficiary shall be required to provide to the Corporation the Executive’s death certificate to the Bankcertificate.
Appears in 5 contracts
Samples: Supplemental Executive Retirement Agreement (CenterState Banks, Inc.), Supplemental Executive Retirement Agreement (CenterState Banks, Inc.), Supplemental Executive Retirement Agreement (CenterState Banks, Inc.)
Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum on the first day of the fourth month following the Executive’s Director's death. The Beneficiary shall be required to provide the Executive’s death certificate to the BankBank the Director's death certificate.
Appears in 5 contracts
Samples: New Director Fee Continuation Plan Agreement (Rhinebeck Bancorp, Inc.), New Director Fee Continuation Plan Agreement (Rhinebeck Bancorp, Inc.), New Director Fee Continuation Plan Agreement (Rhinebeck Bancorp, Inc.)
Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum on the first day of the fourth month following the ExecutiveDirector’s death. The Beneficiary shall be required to provide the ExecutiveDirector’s death certificate to the Bank.
Appears in 3 contracts
Samples: Supplemental Retirement Plan (Ameriana Bancorp), Supplemental Retirement Plan (Ameriana Bancorp), Supplemental Retirement Plan (Ameriana Bancorp)
Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum on the first day of the fourth month following the Executive’s death. The Beneficiary shall be required to provide to the Bank the Executive’s death certificate to the Bankcertificate.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (FSB Bancorp, Inc.), Supplemental Executive Retirement Agreement (FSB Community Bankshares Inc)
Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum commencing on the first day of the fourth month following the ExecutiveDirector’s death. The Beneficiary shall be required to provide to the ExecutiveBank the Director’s death certificate to the Bankreceipt.
Appears in 2 contracts
Samples: Director Deferred Compensation Agreement (LINKBANCORP, Inc.), Director Deferred Compensation Agreement (LINKBANCORP, Inc.)
Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum on the first fifteenth day of the fourth month following the Executive’s death. The Beneficiary shall be required must provide to provide the Bank a certified copy of the Executive’s death certificate or other proof of death acceptable to the BankAdministrator prior to that date or no payment shall be made.
Appears in 1 contract
Samples: Executive Deferred Compensation Agreement (CBTX, Inc.)
Distribution of Benefit. The Bank Company shall distribute the benefit to the Beneficiary in a lump sum on the first day of the fourth month following the Executive’s death. The Beneficiary shall be required to provide to the Company the Executive’s death certificate to the Bankcertificate.
Appears in 1 contract
Samples: Salary Continuation Agreement (Floridian Financial Group Inc)
Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum on the first day of the fourth month following the Executive’s death. The Beneficiary shall be required to provide to the Bank the Executive’s death certificate to the Bankcertificate.
Appears in 1 contract
Samples: Salary Continuation Agreement (HCSB Financial Corp)
Distribution of Benefit. The Bank Company shall distribute the benefit to the Beneficiary in a lump sum on the first day of the fourth month following the Executive’s death. , The Beneficiary shall be required to provide to the Company the Executive’s death certificate to the Bankcertificate.
Appears in 1 contract
Samples: Salary Continuation Agreement (Floridian Financial Group Inc)
Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum on the first day of the fourth month following the Executive’s death. The Beneficiary shall be required to provide to the Bank the Executive’s 's death certificate to the Bankcertificate.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Rhinebeck Bancorp, Inc.)
Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum one hundred eighty (180) equal monthly installments commencing on the first day of the fourth month following the Executive’s death. The Accrual Balance shall continue to accrue earnings at the Discount Rate until the installments are completely distributed. The Beneficiary shall be required to provide the Executive’s death certificate to the Bank.
Appears in 1 contract
Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum Lump Sum ( ) monthly installments commencing on the first day of the fourth month following the Executive’s death. If there is more than one monthly installment, the monthly installments shall be equal to the extent possible. The Beneficiary shall be required to provide to the Bank the Executive’s death certificate to the Bankcertificate.
Appears in 1 contract
Samples: Deferred Compensation Agreement (Alamogordo Financial Corp)
