Common use of Death Of Director Before Retirement Date Clause in Contracts

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree to pay the total sum of $184,635.00 payable in monthly installments of $1,025.75 for 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree agrees to pay the total sum of $184,635.00 125,656.20 payable in monthly installments of $1,025.75 698.09 for 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants children of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree agrees to pay the total sum of $184,635.00 115,834.68 payable in monthly installments of $1,025.75 742.53 per month for 180 156 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants children of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree to pay the total sum of $184,635.00 82,536.48 payable in monthly installments of $1,025.75 573.17 for 180 144 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree to pay the total sum of $184,635.00 61,520.64 payable in monthly installments of $1,025.75 640.84 for 180 96 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree to pay the total sum of $184,635.00 229,125.60 payable in monthly installments of $1,025.75 1,272.92 for 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree agrees to pay the total sum of $184,635.00 52,136 payable in monthly installments of $1,025.75 868.93 per month for 180 60 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants children of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree agrees to pay the total sum of $184,635.00 154,485 payable in monthly installments of $1,025.75 858.25 per month for 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants children of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree agrees to pay the total sum of $184,635.00 102,983 payable in monthly installments of $1,025.75 572.13 per month for 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants children of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree to pay the total sum of $184,635.00 179,955 payable in monthly installments of $1,025.75 999.75 for 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree agrees to pay the total sum of $184,635.00 90,368 payable in monthly installments of $1,025.75 579.28 per month for 180 156 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants children of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree to pay the total sum of $184,635.00 135,030.60 payable in monthly installments of $1,025.75 750.17 for 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree to pay the total sum of $184,635.00 113,011.20 payable in monthly installments of $1,025.75 627.84 for 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree agrees to pay the total sum of $184,635.00 148,440.60 payable in monthly installments of $1,025.75 824.67 per month for 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants children of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree to pay the total sum of $184,635.00 57,099.00 payable in monthly installments of $1,025.75 679.75 for 180 60 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree to pay the total sum of $184,635.00 95,019.12 payable in monthly installments of $1,025.75 565.59 for 180 168 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree to pay the total sum of $184,635.00 48,855.00 payable in monthly installments of $1,025.75 814.24 for 180 60 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree agrees to pay the total sum of $184,635.00 60,089 payable in monthly installments of $1,025.75 715.35 per month for 180 84 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants children of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree to pay the total sum of $184,635.00 137,910.60 payable in monthly installments of $1,025.75 766.17 for 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree agrees to pay the total sum of $184,635.00 137,452 payable in monthly installments of $1,025.75 763.62 per month for 180 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; if none, or from and after the death of said spouse, then to the then living descendants children of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the Director.

Death Of Director Before Retirement Date. In the event the Director should die before the Retirement Date, the Bank and the Company agree agrees to pay the total sum of $184,635.00 112,827 payable in monthly installments of $1,025.75 854.75 per month for 180 132 consecutive months, commencing on the first day of the month following the date of the Director's death, to the Director's then living Beneficiary designated in writing to the Bank, if any, for the life of said Beneficiary; if none, then to the Director's then living spouse, if any, for the life of said spouse; , if none, or from and after the death of said spouse, then to the then living descendants children of the Director, if any, in equal shares, per stirpes, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, any balance thereof in one lump sum to the estate of the DirectorDirectors.