Death After Termination of Employment. If the Executive dies after Termination of Employment and while receiving payments (or entitled to receive payments) under this Plan, the Bank shall pay to the Executive’s Beneficiary a lump sum cash payment equal to the remaining payments to be made. The lump sum cash payment will be made no later than sixty (60) days following the date of death.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.), Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.), Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.)
Death After Termination of Employment. If the Executive dies after a Termination of Employment and while before receiving payments (or entitled to receive payments) a lump sum payment under this Plan, the Bank shall pay to the Executive’s Beneficiary a lump sum cash payment equal to the remaining payments payment that was owed to be made. The the Executive on account of the Executive’s Termination of Employment in a lump sum cash payment will be made no later than sixty ten (6010) days following the date of death.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Kearny Financial Corp.)
