Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 53 contracts
Samples: Director Deferred Fee Agreement (Tib Financial Corp.), Incentive Retirement Agreement (Smithtown Bancorp Inc), Incentive Retirement Agreement (Smithtown Bancorp Inc)
Death During Benefit Period. If the Director dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary designated in accordance with Section 4.1 below at the same time and in the same amounts they as would have been paid to the Director had the Director survived.
Appears in 13 contracts
Samples: Retirement Agreement (United Security Bancshares Inc), Retirement Agreement (United Security Bancshares Inc), First United Security Bank Director Retirement Agreement (United Security Bancshares Inc)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's ’s beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 11 contracts
Samples: Director Deferred Fee Agreement (Penns Woods Bancorp Inc), Director Deferred Fee Agreement (Penns Woods Bancorp Inc), Director Deferred Fee Agreement (Penns Woods Bancorp Inc)
Death During Benefit Period. If the Director dies after the benefit payments have commenced under this Agreement but before receiving the Director has received all such paymentspayments to which the Director is entitled, the Company Bank shall pay the such remaining benefits to the Director's beneficiary Beneficiary at the same time times and in the same amounts they would have been paid to the Director had the Director survived. If the Director's Beneficiary dies prior to receiving all such payments, then any remaining payments shall be paid to the Beneficiary's estate.
Appears in 10 contracts
Samples: Bank Director Retirement Agreement (Community Valley Bancorp), Bank Director Retirement Agreement (Community Valley Bancorp), Bank Director Retirement Agreement (Community Valley Bancorp)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary at the same time and in the same amounts manner they would have been paid to the Director had the Director survivedlived. The Board of Directors of the Company reserves the right to pay the present value of the remaining benefits in a lump-sum payment, the Board shall have the sole discretion to choose a reasonable discount rate to present value the remaining installment payments.
Appears in 8 contracts
Samples: Plumas Bank (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp)
Death During Benefit Period. If the Director dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's ’s beneficiary at the same time and in the same amounts manner they would have been paid to the Director had the Director survivedlived.
Appears in 7 contracts
Samples: Retirement Agreement (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp), Plumas Bank Director Retirement Agreement (Plumas Bancorp)
Death During Benefit Period. If the Director dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's beneficiary Beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 7 contracts
Samples: Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Director Retirement Plan Agreement (Malvern Federal Bancorp Inc)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary for the remaining term at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 6 contracts
Samples: Fee Agreement (First Community Financial Corp), Fee Agreement (First Community Financial Corp), Fee Agreement (First Community Financial Corp)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 3 contracts
Samples: Deferred Compensation Agreement (Capital Corp of the West), Deferred Fee Agreement (California Independent Bancorp), Director Retirement Agreement (Lawrence Financial Holdings Inc)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's beneficiary at the same time and in the same amounts they that would have been paid to the Director had the Director survived.
Appears in 3 contracts
Samples: Heritage Bank of Commerce Deferred Fee Agreement (Heritage Commerce Corp), Heritage Bank of Commerce Deferred Fee Agreement (Heritage Commerce Corp), Deferred Fee Agreement (American River Holdings)
Death During Benefit Period. If the Director dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's ’s beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 3 contracts
Samples: Director Emeritus Agreement (Riverview Financial Corp), Riverview National Bank (Riverview Financial Corp), Riverview Bank (Riverview Financial Corp)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's ’s beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 3 contracts
Samples: Savings Institute (SI Financial Group, Inc.), Director Deferred Fee Agreement (Riverview Financial Corp), Director Deferred Fee Agreement (SI Financial Group, Inc.)
Death During Benefit Period. If the Director dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company Corporation shall pay the remaining benefits to the Director's ’s beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 2 contracts
Samples: Director Retirement Agreement (Esb Financial Corp), Director Retirement Agreement (Esb Financial Corp)
Death During Benefit Period. If the Director dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's ’s beneficiary designated in accordance with Section 4.1 below at the same time and in the same amounts they as would have been paid to the Director had the Director survived.
Appears in 2 contracts
Samples: First United Security Bank (United Security Bancshares Inc), First United Security Bank (United Security Bancshares Inc)
Death During Benefit Period. If the Director dies after the benefit payments have commenced under this Agreement but before receiving all such 120 payments, the Company Bank shall pay the remaining benefits to the Director's ’s beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 2 contracts
Samples: Riverview National Bank (Riverview Financial Corp), Riverview National Bank (Riverview Financial Corp)
Death During Benefit Period. If the Director dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's ’s beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 2 contracts
Samples: Director Retirement Agreement (Esb Financial Corp), Director Retirement Agreement (Esb Financial Corp)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived. The benefits under this Section 5.2 shall be paid in lieu of any benefits payable in the event of death during active service pursuant to Section 5.1.
Appears in 1 contract
Samples: Director Fee Deferral Agreement (Sandy Spring Bancorp Inc)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement Agreement, but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's ’s beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 1 contract
Samples: Director Deferred Fee Agreement (First Perry Bancorp, Inc)
Death During Benefit Period. If the Director dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company Corporation shall pay the remaining benefits to the Director's beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 1 contract
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.. 104
Appears in 1 contract
Samples: Fee Agreement (Regency Bancorp)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary Beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 1 contract
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's beneficiary at the same time and in the same amounts manner they would have been paid to the Director had the Director survivedlived.
Appears in 1 contract
Samples: Directors Retirement Agreement (Republic Security Financial Corp)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's beneficiary at the same time and in the same amounts they would have been paid to the Director Direct had the Director survived.
Appears in 1 contract
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's ’s beneficiary at the same time and in the same amounts manner they would have been paid to the Director had the Director survivedlived.
Appears in 1 contract
Samples: Director Retirement Agreement (Fairfield County Bank Corp.)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.. ARTICLE 6 BENEFICIARIES 6.1
Appears in 1 contract
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's ’s beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived. The benefits under this Section 5.2 shall be paid in lieu of any benefits payable in the event of death during active service pursuant to Section 5.1.
Appears in 1 contract
Samples: Directors’ Fee Deferral Agreement (Sandy Spring Bancorp Inc)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.. Article 4 Beneficiaries 4.1
Appears in 1 contract
Samples: Retirement Agreement (City National Bancshares Corp)
Death During Benefit Period. If the Director dies after benefit payments have commenced under this Agreement Agreement, but before receiving all such payments, the Company Bank shall pay the remaining benefits to the Director's beneficiary beneficiary(ies) at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 1 contract
Samples: Lawrence Financial Holdings Inc
Death During Benefit Period. If the Director dies after the benefit payments have commenced under this Agreement Agreement, but before receiving all such 120 payments, the Company Bank shall pay the remaining benefits to the Director's ’s beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 1 contract
Samples: Director Emeritus Agreement (First Perry Bancorp, Inc)
Death During Benefit Period. If the Director dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Director's beneficiary at the same time and in the same amounts they would have been paid to the Director had the Director survived.
Appears in 1 contract
Samples: Director Retirement Agreement (Orrstown Financial Services Inc)