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.
Appears in 7 contracts
Samples: Executive Supplemental Retirement Income Agreement (Greater Community Bancorp), Executive Supplemental Retirement Income Agreement (West Essex Bancorp Inc), Executive 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: Executive Supplemental Retirement Income Agreement (United Community Bancorp), Executive Supplemental Retirement Income Agreement (United Community Bancorp), Executive Supplemental Retirement Income Agreement (First Capital Bank Holding Corp)
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 1 contract
Samples: Executive Supplemental Retirement Income Agreement (Pathfinder 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 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.
Appears in 1 contract
Samples: Executive Supplemental Retirement Income Agreement (Coastal Banking Co Inc)
