Common use of Death Benefit Prior to Commencement of Deferred Compensation Benefit Clause in Contracts

Death Benefit Prior to Commencement of Deferred Compensation Benefit. In -------------------------------------------------------------------- the event of the Director's death prior to commencement of the Deferred Compensation Benefit, the Bank shall pay the Director's Beneficiary the Survivor's Benefit commencing within thirty (30) days of the Director's death. The amount of the Survivor's Benefit shall be determined as follows:

Death Benefit Prior to Commencement of Deferred Compensation Benefit. In -------------------------------------------------------------------- the event of the Director's death prior to commencement of the Deferred Compensation Benefit, the Bank shall pay the Director's Beneficiary the Survivor's Benefit a monthly amount for a period of one hundred eighty (180) months, commencing within thirty (30) days of the Director's death. The amount of the Survivor's Benefit such benefit payments shall be determined as follows:: (a) In the event death occurs following retirement due to disability, the benefits payable to the Director's Beneficiary shall be governed by Subsection 4.4 of this Agreement.

Death Benefit Prior to Commencement of Deferred Compensation Benefit. In -------------------------------------------------------------------- the event of the Director's ’s death prior to commencement of the Deferred Compensation Benefit, the Bank shall pay the Director's ’s Beneficiary a monthly amount for the Survivor's Benefit Payout Period, commencing within thirty (30) days of the Director's ’s death. The amount of the Survivor's Benefit such benefit payments shall be determined as follows:

Death Benefit Prior to Commencement of Deferred Compensation Benefit. In -------------------------------------------------------------------- the event of the Director's death prior to commencement of the Deferred Compensation Benefit, the Bank shall pay the Director's Beneficiary a monthly benefit for the Survivor's Benefit Payout Period, commencing within thirty (30) days of the Director's death. The amount of the Survivor's Benefit such monthly benefit payments shall be determined as follows:

Death Benefit Prior to Commencement of Deferred Compensation Benefit. In -------------------------------------------------------------------- the event of the Director's ’s death prior to commencement of the Deferred Compensation Benefit, the Bank shall pay the Director's ’s Beneficiary a monthly amount for the Survivor's Benefit Payout Period, commencing within thirty (30) days of the Director's ’s death. The amount of the Survivor's Benefit such benefit payment shall be determined as follows:

Death Benefit Prior to Commencement of Deferred Compensation Benefit. In -------------------------------------------------------------------- the event of the Director's ’s death prior to commencement of the Deferred Compensation Benefit, the Bank shall pay the. Director’s Beneficiary a monthly amount for the Director's Beneficiary the Survivor's Benefit Payout Period, commencing within thirty (30) days of the Director's ’s death. The amount of the Survivor's Benefit such benefit payments shall be determined as follows: