Post-Retirement Death Benefit. Upon the death of the Officer, if there is a balance in the accrued liability retirement account, such balance shall be paid in one (1) lump sum to the Beneficiary. Said payment due hereunder shall be made the first day of the second month following the Officer’s death.
Appears in 3 contracts
Samples: Officer Salary Continuation Agreement (Southcrest Financial Group Inc), Officer Salary Continuation Agreement (Southcrest Financial Group Inc), Officer Salary Continuation Agreement (Southcrest Financial Group Inc)
Post-Retirement Death Benefit. Upon the death of the OfficerExecutive, if there is a balance in the accrued liability retirement account, such balance shall be paid in one (1) lump sum to the Beneficiary. Said payment due hereunder shall be made the first day of the second month following the OfficerExecutive’s death.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (Southcrest Financial Group Inc)
