Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the Lifetime Benefits of Article 2.
Death During Active Service. If the Executive dies prior to Separation from Service, the Bank shall distribute to the Beneficiary the benefit described in this Section 3.1. This benefit shall be distributed in lieu of any benefit under Article 2.
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.
Death During Active Service. If the Executive dies while in the employment of the Bank, the Bank shall pay to the Executive's beneficiary the benefit described in this Section 5.1 in lieu of any other benefit under this Agreement.
Death During Active Service. If the Director dies while in the active service of the Bank before reaching Normal Retirement Age, the Bank shall pay to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Death During Active Service. If the Executive dies before the Normal Retirement Age while in the active service of the Bank, the Bank shall pay to the Executive's beneficiary the benefit set forth in Section 2.1 as if the Termination of Employment occurred on the date he would have attained the Normal Retirement Age. The annual benefit under this Section 3.1 shall be the amount specified in Section 2.1.1 and shall be payable as provided in Section 2.1.2, commencing on the first day of the month following the date of the Executive's death.
Death During Active Service. If the Executive dies while employed by the Bank, the Bank shall pay to the Executive’s Beneficiary the Accrual Balance earned as of the last day of the Plan Year immediately preceding the Executive’s Date of Death and as detailed on Schedule A, payable within thirty (30) days after the Executive’s death, with the date of payment determined by the bank in its sole discretion.
Death During Active Service. If the Executive dies in active service to the Bank before the Normal Retirement Age, the Executive’s Beneficiary shall be entitled solely to the benefit described in the January 1, 2002 Split Dollar Agreement between the Bank and the Executive.
Death During Active Service. If the Executive dies while in the active service of the Company, the Executive's beneficiary shall receive $595,480 (Five Hundred Ninety-Five Thousand Four Hundred Eighty Dollars).
Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director’s beneficiary the split dollar death benefit described in the Split Dollar Agreement attached as Addendum A between the Company and the Director in lieu of any other benefit under this Agreement.
