TERMINATION UPON RETIREMENT; DEATH OF EXECUTIVE. Executive’s termination by Bank based on “Retirement” shall mean retirement at age 70 or in accordance with any retirement arrangement established with Executive’s consent with respect to him. Upon termination of Executive upon Retirement, Executive shall be entitled to all benefits under any retirement plan of Bank and other plans to which Executive is a party, but shall not be entitled to any further payments under this Agreement. Upon the death of Executive during the term of this Agreement, Bank shall pay to Executive’s estate the compensation due to Executive through the last day of the calendar month in which his death occurred.
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Samples: Employment Agreement (Jefferson Bancshares Inc), Employment Agreement (Jefferson Bancshares Inc)
TERMINATION UPON RETIREMENT; DEATH OF EXECUTIVE. Executive’s termination Termination by the Bank of Executive based on “Retirement” shall mean retirement termination at age 70 65 or such other age determined in accordance with any retirement arrangement established with Executive’s consent with respect to him. Upon termination of Executive upon Retirement, Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party, but shall not be entitled to any further payments under this Agreement. Upon the death of the Executive during the term of this Agreement, the Bank shall pay to Executive’s estate estate, within ten (10) days of the end of such month, the compensation due to the Executive through the last day of the calendar month in which his death occurred.
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Samples: Employment Agreement (Mountain National Bancshares Inc)
TERMINATION UPON RETIREMENT; DEATH OF EXECUTIVE. Executive’s termination Termination by the Company and the Bank of Executive based on “Retirement” shall mean retirement at age 70 65 or in accordance with any retirement arrangement established with Executive’s consent with respect to him. Upon termination of Executive upon Retirement, Executive shall be entitled to all benefits under any retirement plan of the Company and the Bank and other plans to which Executive is a party, but shall not be entitled to any further payments under this Agreement. Upon the death of the Executive during the term of this Agreement, the Company and the Bank shall pay to Executive’s estate the compensation due to the Executive through the last day of the calendar month in which his death occurred.
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