Common use of Effect of Death or Retirement Clause in Contracts

Effect of Death or Retirement. The benefits payable or to be provided under this Agreement shall cease in the event of the Employee’s death or election to commence retirement benefits under SNB’s retirement plan.

Appears in 3 contracts

Samples: Employment Agreement (SNB Bancshares Inc), Employment Agreement (SNB Bancshares Inc), Employment Agreement (SNB Bancshares Inc)

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Effect of Death or Retirement. The benefits payable or to be provided under this Agreement shall cease in the event of the Employee’s Executive's death or election to commence retirement benefits under SNB’s the Company's retirement plan.

Appears in 2 contracts

Samples: Employment Agreement (Evergreen Bancorp Inc), Employment Agreement (Cytrx Corp)

Effect of Death or Retirement. The benefits payable or to be provided under Section 14 this Agreement shall cease in the event of the Employee’s death or election to commence retirement benefits under Bank’s or SNB’s retirement plan.

Appears in 1 contract

Samples: Employment Agreement (SNB Bancshares Inc)

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Effect of Death or Retirement. The benefits payable or to be provided under this Agreement shall cease in the event of the Employee’s death or election to commence retirement benefits under SNBEmployer’s retirement plan.

Appears in 1 contract

Samples: Employment Agreement (Security Bank Corp)

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