Executive Dies Prior to Benefit Age. If (i) after such termination, the Executive dies prior to attaining his Benefit Age, and (ii) the Executive has made a Timely Election to receive a lump sum benefit, this Subsection 5.1(b)(2) shall be controlling with respect to pre-retirement death benefits. The balance of the Retirement Income Trust Fund, measured as of the date of the Executive's death, shall be paid to the Executive's Beneficiary within thirty (30) days of the date the Administrator receives notice of the Executive's death. The balance of the Executive's Accrued Benefit Account (if applicable), measured as of the date of the Executive's death, shall be paid to the Executive's Beneficiary within thirty (30) days of the date the Administrator receives notice of the Executive's death.
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Samples: Supplemental Retirement Income Agreement (United National Bancorp), Supplemental Retirement Income Agreement (West Essex Bancorp Inc), Supplemental Retirement Income Agreement (Raritan Bancorp Inc)
Executive Dies Prior to Benefit Age. If (i) after such termination, the Executive dies prior to attaining his Benefit Age, and (ii) the Executive has made a Timely Election to receive a lump sum benefit, this Subsection 5.1(b)(2) shall be controlling with respect to pre-retirement death benefits. The balance of the Retirement Income Trust Fund, measured as of the date of the Executive's ’s death, shall be paid to the Executive's ’s Beneficiary within thirty (30) days of the date the Administrator receives notice of the Executive's ’s death. The balance of the Executive's ’s Accrued Benefit Account (if applicable), measured as of the date of the Executive's ’s death, shall be paid to the Executive's ’s Beneficiary within thirty (30) days of the date the Administrator receives notice of the Executive's ’s death.
Appears in 3 contracts
Samples: Supplemental Retirement Income Agreement (United Community Bancorp), Income Agreement (First Capital Bank Holding Corp), Income Agreement (United Community Bancorp)
Executive Dies Prior to Benefit Age. If (i) after such termination, the Executive dies prior to attaining his Benefit Age, and (ii) the Executive has made a Timely Election to receive a lump sum benefit, this Subsection 5.1(b)(2) shall be controlling with respect to pre-retirement death benefits. The balance of the Retirement Income Trust Fund, measured as of the date of the Executive's ’s death, shall be paid to the Executive's ’s Beneficiary within thirty (30) days of the date the Administrator receives notice of the Executive's ’s death. The balance of the Executive's ’s Accrued Benefit Account (if applicable), measured as of the date of the Executive's ’s death, shall be paid to the Executive's ’s Beneficiary within thirty (30) days of the date the Administrator receives notice of the Executive's ’s death.
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Executive Dies Prior to Benefit Age. If (i) after such termination, the Executive dies prior to attaining his Benefit Age, and (ii) the Executive has made a Timely Election to receive a lump sum benefit, this Subsection 5.1(b)(2) shall be controlling with respect to pre-retirement death benefits. The balance of the Retirement Income Trust Fund, measured as of the date of the Executive's death, shall be paid to the Executive's Beneficiary within thirty (30) days of the date the Administrator receives notice of the Executive's death. The balance of the Executive's ’s Accrued Benefit Account (if applicable), measured as of the date of the Executive's ’s death, shall be paid to the Executive's ’s Beneficiary within thirty (30) days of the date the Administrator receives notice of the Executive's ’s death.
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