Common use of Death After Termination of Employment Clause in Contracts

Death After Termination of Employment. but Before Commencement of Payment under the Salary Continuation Agreement. If the Executive is entitled to a benefit under Article 2 of the Salary Continuation Agreement, but dies prior to the commencement of said benefit payments, the Bank shall pay no benefit under the Salary Continuation Agreement and the Executive’s beneficiary shall receive the split dollar death benefit described in Section 2.2.1 of this Agreement.

Death After Termination of Employment. but But Before Commencement of Payment under the Salary Continuation AgreementPlan. If the Executive is entitled to a benefit under Article 2 of the Salary Continuation Agreement, but dies prior to the commencement of said benefit payments, the Bank Company shall pay no benefit under the Salary Continuation Agreement and the Executive’s 's beneficiary shall receive the split dollar death benefit described in Section 2.2.1 of this Agreement.