Death Benefits. Upon the Executive’s death during the Contract Period, the Executive shall be entitled to the benefits of any life insurance policy or supplemental executive retirement plan paid for, or maintained by, the Employer, but his estate shall not be entitled to any further benefits under this Agreement.
Appears in 20 contracts
Samples: Management Change in Control Severance Agreement (Parke Bancorp, Inc.), Management Change in Control Severance Agreement (Parke Bancorp, Inc.), Management Change in Control Severance Agreement (Parke Bancorp, Inc.)
Death Benefits. Upon the Executive’s death during the Contract Period, the Executive shall be entitled to the benefits of any life insurance policy or supplemental executive retirement plan paid forfor by the Company which provides, or maintained by, permits and allows the EmployerExecutive to name a beneficiary other than the Company, but his estate shall not be entitled to any further benefits under this AgreementAgreement or any other life insurance policy, except for such policies or benefits customarily provided to employees of the Bank.
Appears in 6 contracts
Samples: Change in Control Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc)
Death Benefits. Upon the Executive’s death during the Contract Period, the Executive shall be entitled to the benefits of any life insurance policy paid for by the Company and naming the estate of the Executive as the beneficiary or supplemental executive retirement plan paid for, or maintained by, having allowed the EmployerExecutive to name the beneficiary, but his estate shall not be entitled to any further benefits under this Agreement.
Appears in 3 contracts
Samples: Severance and Employment Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc), Severance and Employment Agreement (Lakeland Bancorp Inc)
Death Benefits. Upon the Executive’s death during the Contract Period, the Executive shall be entitled to the benefits of any life insurance policy paid for by Company and naming the Estate of the Executive as the beneficiary or supplemental executive retirement plan paid for, or maintained by, having allowed the EmployerExecutive to name the beneficiary, but his estate Estate shall not be entitled to any further benefits under this Agreement.
Appears in 3 contracts
Samples: Change in Control Agreement (North Jersey Community Bancorp, Inc.), Change in Control Agreement (ConnectOne Bancorp, Inc.), Change in Control Agreement (North Jersey Community Bancorp, Inc.)
Death Benefits. Upon the Executive’s 's death during the Contract Period, the Executive shall be entitled to the benefits of any life insurance policy paid for by Company and naming the Estate of the Executive as the beneficiary or supplemental executive retirement plan paid for, or maintained by, having allowed the EmployerExecutive to name the beneficiary, but his estate Estate shall not be entitled to any further benefits under this Agreement.
Appears in 3 contracts
Samples: Change in Control Agreement (First Washington Financial Corp), Change in Control Agreement (First Wasington Financial Corp), Change in Control Agreement (First Washington Financial Corp)
Death Benefits. Upon the Executive’s 's death during the Contract Period, the Executive shall be entitled to the benefits of any life insurance policy or supplemental executive retirement plan paid forfor by the Company which provides, or maintained by, permits and allows the EmployerExecutive to name a beneficiary other than the Company, but his estate shall not be entitled to any further benefits under this AgreementAgreement or any other life insurance policy, except for such policies or benefits customarily provided to employees of the Bank.
Appears in 2 contracts
Samples: Change in Control Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc)
Death Benefits. Upon If the Executive’s death Executive passes away during the Contract Period, the Executive shall be entitled to the benefits of any life insurance policy or supplemental executive retirement plan paid for, or maintained by, the Employer, but his Employer on the life of the Executive. The Executive’s estate shall not be entitled to any further benefits under this Agreement.
Appears in 2 contracts
Samples: Management Change in Control Severance Agreement (Parke Bancorp, Inc.), Management Change in Control Severance Agreement (Parke Bancorp, Inc.)
Death Benefits. Upon the Executive’s death during the Contract PeriodTerm of Employment, the Executive Executive’s estate shall be entitled to the benefits proceeds of any life insurance policy or supplemental executive retirement plan paid for, or then maintained by, by the Employer, but his Bank pursuant to Section 5; the Executive’s estate shall not be entitled to any further payment or benefits under this Agreementother than salary and other benefits accrued up to the date of death.
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Death Benefits. Upon the Executive’s 's death during the Contract Period, the Executive shall be entitled to the benefits of any life insurance policy or supplemental executive retirement plan paid for, or maintained by, the Employer, but his estate shall not be entitled to any further benefits under this Agreement.
Appears in 1 contract
Samples: Management Change in Control Severance Agreement (Parke Bancorp, Inc.)
Death Benefits. Upon the Executive’s 's death during the --------------- Contract Period, the Executive shall be entitled to the benefits of any life insurance policy paid for by the Company and naming the estate of the Executive as the beneficiary or supplemental executive retirement plan paid for, or maintained by, having allowed the EmployerExecutive to name the beneficiary, but his estate shall not be entitled to any further benefits under this Agreement.
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Death Benefits. Upon the Executive’s 's death during the -------------- Contract Period, the Executive shall be entitled to the benefits of any life insurance policy paid for by the Company and naming the estate of the Executive as the beneficiary or supplemental executive retirement plan paid for, or maintained by, having allowed the EmployerExecutive to name the beneficiary, but his estate shall not be entitled to any further benefits under this Agreement.
Appears in 1 contract
Death Benefits. Upon the Executive’s 's death during the ---------------- Contract Period, the Executive shall be entitled to the benefits of any life insurance policy paid for by the Company and naming the estate of the Executive as the beneficiary or supplemental executive retirement plan paid for, or maintained by, having allowed the EmployerExecutive to name the beneficiary, but his estate shall not be entitled to any further benefits under this Agreement.
Appears in 1 contract
Death Benefits. Upon the Executive’s 's death during the Contract Period, the Executive shall be entitled to the benefits of any life insurance policy or supplemental executive retirement plan paid forfor by the Company which provides, or maintained by, permits and allows the EmployerExecutive to name a beneficiary other than the Company, but his her estate shall not be entitled to any further benefits under this AgreementAgreement or any other life insurance policy, except for such policies or benefits customarily provided to employees of the Bank.
Appears in 1 contract
Death Benefits. Upon the Executive’s 's death during the Contract --------------- Period, the Executive shall be entitled to the benefits of any life insurance policy or supplemental executive retirement plan paid for, or maintained by, for the EmployerBank, but his estate shall not be entitled to any further benefits under this Agreement.
Appears in 1 contract
Samples: Change in Control Agreement (Community Partners Bancorp)
Death Benefits. Upon the Executive’s 's death during the Contract Period, the Executive shall be entitled to the benefits of any life insurance policy or supplemental executive retirement plan paid for, or maintained by, the Employer, but his or her estate shall not be entitled to any further benefits under this Agreement.
Appears in 1 contract
Samples: Management Change in Control Severance Agreement (Parke Bancorp, Inc.)
Death Benefits. Upon the Executive’s 's death during the Contract PeriodTerm of Employment, the Executive Executive's estate shall be entitled to the benefits of any life insurance policy or supplemental executive retirement plan paid for, or then maintained by, by the EmployerBank pursuant to Section 5(b), but his the Executive's estate shall not be entitled to any further payments or benefits under this AgreementAgreement other than salary accruing up to the date of death.
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Death Benefits. Upon the Executive’s 's death during the Contract -------------- Period, the Executive shall be entitled to the benefits of any life insurance policy paid for by the Company and naming the estate of the Executive as the beneficiary or supplemental executive retirement plan paid for, or maintained by, having allowed the EmployerExecutive to name the beneficiary, but his estate shall not be entitled to any further benefits under this Agreement.
Appears in 1 contract
