Common use of Unclaimed Benefit Clause in Contracts

Unclaimed Benefit. The Executive shall keep the Bank informed of his current address and the current address of his Beneficiaries. If the location of the Executive is not made known to the Bank within three years after the date upon which any payment of any benefits may first be made, the Bank shall delay payment of the Executive's benefit payment(s) until the location of the Executive is made known to the Bank; however, the Bank shall only be obligated to hold such benefit payment(s) for the Executive until the expiration of three (3) years. Upon expiration of the three (3) year period, the Bank may discharge its obligation by payment to the Executive's Beneficiary. If the location of the Executive's Beneficiary is not made known to the Bank by the end of an additional two (2) month period following expiration of the three (3) year period, the Bank may discharge its obligation by payment to the Executive's Estate. If there is no Estate in existence at such time or if such fact cannot be determined by the Bank, the Executive and his Beneficiary(ies) shall thereupon forfeit any rights to the balance, if any, of any benefits provided for such Executive and/or Beneficiary under this Agreement.

Unclaimed Benefit. The Executive Director shall keep the Bank informed of his ----------------- current address and the current address of his Beneficiaries. If the location of the Executive Director is not made known to the Bank within three years after the date upon which any payment of any benefits may first be made, the Bank shall delay payment of the ExecutiveDirector's benefit payment(s) until the location of the Executive Director is made known to the Bank; however, the Bank shall only be obligated to hold such benefit payment(s) for the Executive Director until the expiration of three (3) years. Upon expiration of the three (3) year period, the Bank may discharge its obligation by payment to the ExecutiveDirector's Beneficiary. If the location of the ExecutiveDirector's Beneficiary is not made known to the Bank by the end of an additional two (2) month period following expiration of the three (3) year period, the Bank may discharge its obligation by payment to the ExecutiveDirector's Estate. If there is no Estate in existence at such time or if such fact cannot be determined by the Bank, the Executive Director and his Beneficiary(ies) shall thereupon forfeit any rights to the balance, if any, of any benefits provided for such Executive Director and/or Beneficiary under this AgreementPlan.

Unclaimed Benefit. The Executive shall keep the Bank informed of his ----------------- current address and the current address of his Beneficiaries. If the location of the Executive is not made known to the Bank within three years after the date upon which any payment of any benefits may first be made, the Bank shall delay payment of the Executive's benefit payment(s) until the location of the Executive is made known to the Bank; however, the Bank shall only be obligated to hold such benefit payment(s) for the Executive until the expiration of three (3) years. Upon expiration of the three (3) year period, the Bank may discharge its obligation by payment to the Executive's Beneficiary. If the location of the Executive's Beneficiary is not made known to the Bank by the end of an additional two (2) month period following expiration of the three (3) year period, the Bank may discharge its obligation by payment to the Executive's Estate. If there is no Estate in existence at such time or if such fact cannot be determined by the Bank, the Executive and his Beneficiary(ies) shall thereupon forfeit any rights to the balance, if any, of any benefits provided for such Executive and/or Beneficiary under this AgreementPlan.

Unclaimed Benefit. The Executive shall keep the Bank informed of his ----------------- current address and the current address of his Beneficiaries. If the location of the Executive is not made known to the Bank within three years after the date upon which any payment of any benefits may first be made, the Bank shall delay payment of the Executive's benefit payment(s) until the location of the Executive is made known to the Bank; however, the Bank shall only be obligated to hold such benefit payment(s) for the Executive until the expiration of three (3) years. Upon expiration of the three (3) year period, the Bank may discharge its obligation by payment to the Executive's Beneficiary. If the location of the Executive's Beneficiary is not made known to the Bank by the end of an additional two (2) month period following expiration of the three (3) year period, the Bank may discharge its obligation by payment to the Executive's Estate. If there is no Estate in existence at such time or if such fact cannot be determined by the Bank, the Executive and his Beneficiary(ies) shall thereupon forfeit any rights to the balance, if any, of any benefits provided for such Executive and/or Beneficiary under this Agreement.

Unclaimed Benefit. The Executive shall keep the Bank Employer informed of his current address and the current address of his Beneficiaries. If the location of the Executive is not made known to the Bank Employer within three years after the date upon which any payment of any benefits may first be made, the Bank Employer shall delay payment of the Executive's ’s benefit payment(s) until the location of the Executive is made known to the BankEmployer; however, the Bank Employer shall only be obligated to hold such benefit payment(s) for the Executive until the expiration of three (3) years. Upon expiration of the three (3) year period, the Bank Employer may discharge its obligation by payment to the Executive's ’s Beneficiary. If the location of the Executive's ’s Beneficiary is not made known to the Bank Employer by the end of an additional two (2) month period following expiration of the three (3) year period, the Bank Employer may discharge its obligation by payment to the Executive's ’s Estate. If there is no Estate in existence at such time or if such fact cannot be determined by the BankEmployer, the Executive and his Beneficiary(ies) shall thereupon forfeit any rights to the balance, if any, of any benefits provided for such Executive and/or Beneficiary under this AgreementPlan.

Unclaimed Benefit. The Executive shall keep the Bank Association informed of his current address and the current address of his Beneficiaries. If the location of the Executive is not made known to the Bank Association within three years after the date upon which any payment of any benefits may first be made, the Bank Association shall delay payment of the Executive's benefit payment(s) until the location of the Executive is made known to the BankAssociation; however, the Bank Association shall only be obligated to hold such benefit payment(s) for the Executive until the expiration of three (3) years. Upon expiration of the three (3) year period, the Bank Association may discharge its obligation by payment to the Executive's Beneficiary. If the location of the Executive's Beneficiary is not made known to the Bank Association by the end of an additional two (2) month period following expiration of the three (3) year period, the Bank Association may discharge its obligation by payment to the Executive's Estate. If there is no Estate in existence at such time or if such fact cannot be determined by the BankAssociation, the Executive and his Beneficiary(ies) shall thereupon forfeit any rights to the balance, if any, of any benefits provided for such Executive and/or Beneficiary under this Agreement.