Common use of Benefits Upon Disability Clause in Contracts

Benefits Upon Disability. Upon the Participant's Termination of Employment prior to the Normal Retirement Date due to Disability, no separate provision is made for a disability benefit under this Agreement. However, in the event of such Participant's death while disabled prior to reaching the Normal Retirement Date, such Participant's beneficiary shall receive the survivor's benefits described in Section 3.5(a). In the event the Participant lives to the Normal Retirement Date, the Participant shall thereupon receive the normal retirement date benefit described in Section 3.1.

Appears in 4 contracts

Samples: Agreement (Boardman Suhr Curry & Field), Continuation Agreement (Mound City Financial Services Inc), Continuation Agreement (Mound City Financial Services Inc)

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Benefits Upon Disability. Upon the Participant's ’s Termination of Employment prior to the Normal Retirement Date due to Disability, no separate provision is made for a disability benefit under this Agreement. However, in the event The Participant is entitled to a benefit only if he is entitled to a benefit under another provision of such Participant's death while disabled prior to reaching the Normal Retirement Date, such Participant's beneficiary shall receive the survivor's benefits described in Section 3.5(a). In the event the Participant lives to the Normal Retirement Date, the Participant shall thereupon receive the normal retirement date benefit described in Section 3.1this Agreement.

Appears in 4 contracts

Samples: Continuation Agreement (Mercantile Bancorp, Inc.), Continuation Agreement (Mercantile Bancorp, Inc.), Continuation Agreement (Mercantile Bancorp, Inc.)

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