Payment in the Event of Death. In the event payment is due and owing by the Employer to the Executive under this Agreement upon the death of the Executive, payment shall be made to such beneficiary as the Executive may designate in writing, or failing such designation, then the executor of the Executive’s estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive, shall be entitled to receive all amounts owing to the Executive at the time of the Executive’s death under this Agreement. Such payments shall be in addition to any other death benefits of the Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement.
Appears in 16 contracts
Samples: Employment Agreement, Release and Severance Agreement (Mutual Federal Bancorp, Inc.), Release and Severance Agreement (Mutual Federal Bancorp, Inc.)
Payment in the Event of Death. In the event payment is due and owing by the Employer to the Executive under this Agreement upon the death of the Executive, payment shall be made make to such beneficiary as the Executive may designate in writing, or failing such designation, then the executor of the Executive’s his estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive, shall be entitled to receive all amounts owing to the Executive at the time of the Executive’s death under this Agreement. Such payments shall be in addition to any other death benefits of the The Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement.
Appears in 8 contracts
Samples: Employment Agreement (First Midwest Bancorp Inc), Employment Agreement (First Midwest Bancorp Inc), Employment Agreement (First Midwest Bancorp Inc)
Payment in the Event of Death. In the event payment is due and owing by the Employer to the Executive under this Agreement upon the death of the Executive, payment shall be made to such beneficiary as the Executive may designate in writing, or failing such designation, then the executor of the Executive’s his estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive, shall be entitled to receive all amounts owing to the Executive at the time of the Executive’s death under this Agreement. Such payments shall be in addition to any other death benefits of the Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement.
Appears in 8 contracts
Samples: Release and Severance Agreement (Old National Bancorp /In/), Release and Severance Agreement (Old National Bancorp /In/), Release and Severance Agreement (First Midwest Bancorp Inc)
Payment in the Event of Death. In the event payment is due and owing by the Employer to the Executive under this Agreement upon the death of the Executive, payment shall be made make to such beneficiary as the Executive may designate in writing, or failing such designation, then the executor of the Executive’s his estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive, shall be entitled to receive all amounts owing to the Executive at the time of the Executive’s death under this Agreement. Such payments shall be in addition to any other death benefits of the Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement.
Appears in 6 contracts
Samples: Employment Agreement (First Midwest Bancorp Inc), Employment Agreement (First Midwest Bancorp Inc), Release and Severance Agreement (Privatebancorp Inc)
Payment in the Event of Death. In the event payment is due and owing by the Employer to the Executive under this Agreement upon the death of the Executive, payment shall be made to such beneficiary as the Executive may designate in writing, or failing such designation, then the executor of the Executive’s 's estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive, shall be entitled to receive all amounts owing to the Executive at the time of the Executive’s 's death under this Agreement. Such payments shall be in addition to any other death benefits of the Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement.
Appears in 5 contracts
Samples: Release and Severance Agreement (Royal Financial, Inc.), Employment Agreement (Privatebancorp Inc), Employment Agreement (Privatebancorp Inc)
Payment in the Event of Death. In the event payment is due and owing by the Employer to the Executive under this Agreement upon the death of the Executive, payment shall be made to such beneficiary as the Executive may designate in writing, or failing such designation, then the executor of the Executive’s his estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive, shall be entitled to receive all amounts owing to the Executive at the time of the Executive’s death under this Agreement. Such payments shall be in addition to any other death benefits of the Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Upbancorp Inc), Release and Severance Agreement (Privatebancorp Inc), Employment Agreement (Iowa First Bancshares Corp)
Payment in the Event of Death. In the event payment is due and owing ----------------------------- by the Employer to the Executive under this Agreement upon the death of the Executive, payment shall be made make to such beneficiary as the Executive may designate in writing, or failing such designation, then the executor of the Executive’s his estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive, shall be entitled to receive all amounts owing to the Executive at the time of the Executive’s death under this Agreement. Such payments shall be in addition to any other death benefits of the Employer and in full settlement and satisfaction of all severance benefit payments provided for in this Agreement.
Appears in 1 contract
Samples: Release and Severance Agreement (Private Bancorp Capital Trust I)
