Post-Retirement Death Benefit. Participant’s SERP Benefit shall be payable for fifteen (15) years. In the event that the Participant dies during the fifteen (15) year SERP Benefit distribution period, your Beneficiary, as designated pursuant to this Participation Agreement, will continue to receive the balance of the remaining SERP Benefit distributions, up to and including, the distribution in year fifteen (15). All SERP Benefit distributions shall cease after the 180th distribution.
Appears in 3 contracts
Samples: Participation Agreement (First Commerce Bancorp, Inc.), Participation Agreement (First Commerce Bancorp, Inc.), Participation Agreement (First Commerce Bancorp, Inc.)
Post-Retirement Death Benefit. Participant’s SERP Benefit shall be payable for fifteen ten (1510) years. In the event that the Participant dies during the fifteen ten (1510) year SERP Benefit distribution period, your Participant’s Beneficiary, as designated pursuant to this Participation Agreement, will continue to receive the balance present value of the remaining SERP Benefit distributions, up to and including, the distribution distributions in year fifteen (15). All SERP Benefit distributions shall cease after the 180th distributiona lump sum.
Appears in 3 contracts
Samples: Participation Agreement (Community First Inc), Participation Agreement (Community First Inc), Participation Agreement (Community First Inc)
