Survivor’s Benefit. (a) If Executive dies prior to a Separation from Service, Executive’s Beneficiary shall be entitled to the Account Balance, which became 100% vested upon the Executive's death, payable in a single lump sum on the Benefit Eligibility Date specified in Section 1.6(b). (b) If Executive dies following a Separation from Service but prior to the payment of the Account Balance, Executive’s Beneficiary shall be entitled to the Account Balance payable in a single lump sum on the Benefit Eligibility Date specified in Section 1.6(b).
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (Standard AVB Financial Corp.), Supplemental Executive Retirement Agreement (Berkshire Hills Bancorp Inc)
Survivor’s Benefit. (a) If Executive dies prior to a Separation from Service, Executive’s Beneficiary shall be entitled to the Account Balance, which became 100% vested upon the Executive's ’s death, payable in a single lump sum on on, or within five (5) business days following the Benefit Eligibility Date specified in Section 1.6(b).
(b) If Executive dies following a Separation from Service but prior to the payment of the Account Balance, Executive’s Beneficiary shall be entitled to the Account Balance payable in a single lump sum on on, or within five (5) business days following the Benefit Eligibility Date specified in Section 1.6(b).
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Berkshire Hills Bancorp Inc)
Survivor’s Benefit. (a) If Executive dies prior to a Separation from Service, Executive’s Beneficiary shall be entitled to the accrued and then unpaid Account Balance, which became 100% vested upon the Executive's death, payable in a single lump sum on the Benefit Eligibility Date specified in Section 1.6(b).
(b) If Executive dies following a Separation from Service but prior to the payment of the entire Vested Account Balance, Executive’s Beneficiary shall be entitled to the accrued and then unpaid Account Balance payable in a single lump sum on the Benefit Eligibility Date specified in Section 1.6(b).
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Standard AVB Financial Corp.)
Survivor’s Benefit. (a) If Executive dies prior to a Separation from Service, Executive’s Beneficiary shall be entitled to the Account Balance, which became 100% vested upon the Executive's death, payable in a single lump sum on on, or within five (5) business days following, the Benefit Eligibility Date specified in Section 1.6(b).
(b) If Executive dies following a Separation from Service but prior to the payment of the Account Balance, Executive’s Beneficiary shall be entitled to the Account Balance payable in a single lump sum on on, or within five (5) business days following, the Benefit Eligibility Date specified in Section 1.6(b).
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Berkshire Hills Bancorp Inc)
Survivor’s Benefit. (a) If Executive dies prior to a Separation from Service, Executive’s Beneficiary shall be entitled to the accrued and then unpaid Account Balance, which became 100% vested upon the Executive's ’s death, payable in a single lump sum on the Benefit Eligibility Date specified in Section 1.6(b).
(b) If Executive dies following a Separation from Service but prior to the payment of the entire Vested Account Balance, Executive’s Beneficiary shall be entitled to the accrued and then unpaid Account Balance payable in a single lump sum on the Benefit Eligibility Date specified in Section 1.6(b).
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Standard AVB Financial Corp.)
Survivor’s Benefit. (a) If Executive dies prior to a Separation from Service, Executive’s Beneficiary shall be entitled to the Account Balance, which became 100% vested upon the Executive's ’s death, payable in a single lump sum on the Benefit Eligibility Date specified in Section 1.6(b).
(b) If Executive dies following a Separation from Service but prior to the payment of the Account Balance, Executive’s Beneficiary shall be entitled to the Account Balance payable in a single lump sum on the Benefit Eligibility Date specified in Section 1.6(b).
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Standard AVB Financial Corp.)
Survivor’s Benefit. (a) If Executive dies prior to a Separation from Service, Executive’s Beneficiary shall be entitled to the Account Balance, which became 100% vested upon the Executive's ’s death, payable in a single lump sum on on, or within five (5) business days following, the Benefit Eligibility Date specified in Section 1.6(b).
(b) If Executive dies following a Separation from Service but prior to the payment of the Account Balance, Executive’s Beneficiary shall be entitled to the Account Balance payable in a single lump sum on on, or within five (5) business days following, the Benefit Eligibility Date specified in Section 1.6(b).
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Berkshire Hills Bancorp Inc)