Common use of Death Following Normal Retirement Age, But After Receipt of Lifetime Benefit Clause in Contracts

Death Following Normal Retirement Age, But After Receipt of Lifetime Benefit. In the event Executive Dies after Normal Retirement Age and after the Executive has begun to receive any Lifetime Benefits from Columbia County Farmers National Bank, Columbia County Farmers National Bank shall continue to pay those benefits, as provided in Article 2, and the Executive, Executive's estate or beneficiaries shall have no right to receive a death benefit and the rights under the endorsements are terminated.

Death Following Normal Retirement Age, But After Receipt of Lifetime Benefit. In the event Executive Dies after Normal Retirement Age and after the Executive has begun to receive any Lifetime Benefits from Columbia County Farmers National Bank, Columbia County Farmers National Bank shall continue to pay those benefits, as provided in Article 2, and the Executive, Executive's ’s estate or beneficiaries shall have no right to receive a death benefit and the rights under the endorsements are terminated.