Common use of Death Prior to Termination of Employment Clause in Contracts

Death Prior to Termination of Employment. If the Participant dies while employed by the Bank, the Participant’s beneficiary shall be entitled to a benefit equal to two and one-half (2½) times (one times for Xx. Xxxxxx X. Hickman) the deceased Participant’s Base Annual Salary at the effective date of the Plan, the amount of which is specified in Exhibit A.

Appears in 1 contract

Samples: First Farmers & Merchants Corp

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Death Prior to Termination of Employment. If the Participant dies while employed by the Bank, the Participant’s 's beneficiary shall be entitled to a benefit equal to two and one-half (2 1/2) times (one times for Xx. Xxxxxx X. Hickman) the deceased Participant’s 's Base Annual Salary at the effective date of death; but not in excess of the Plan, the maximum benefit amount of which is specified in Exhibit A.

Appears in 1 contract

Samples: Emclaire Financial Corp

Death Prior to Termination of Employment. If the Participant dies while employed by the Bank, the Participant’s beneficiary shall be entitled to a benefit equal to two and one-half (2-1/2) times (one times for Xx. Xxxxxx X. Hickman) the deceased Participant’s Base Annual Salary at the effective date of the Plan, the amount of which is specified in Exhibit A.

Appears in 1 contract

Samples: First Farmers & Merchants Corp

Death Prior to Termination of Employment. If the Participant dies while employed by the Bank, the Participant’s 's beneficiary shall be entitled to a benefit equal to two and onefive-half tenths (2.5) times (one times for Xx. Xxxxxx X. Hickman) the deceased Participant’s 's Base Annual Salary at the effective date of death; but not in excess of the Plan, the maximum benefit amount of which is specified in Exhibit A.

Appears in 1 contract

Samples: Se Financial Corp

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Death Prior to Termination of Employment. If the Participant dies while employed by the Bank, the Participant’s 's beneficiary shall be entitled to a benefit equal to two and one-half three (3) times (one times for Xx. Xxxxxx X. Hickman) the deceased Participant’s 's Base Annual Salary at the effective date of death; but not in excess of the Plan, the maximum benefit amount of which is specified in Exhibit A.

Appears in 1 contract

Samples: Plan (Wayne Savings Bancshares Inc /De/)

Death Prior to Termination of Employment. If the Participant dies while employed by the Bank, the Participant’s beneficiary shall be entitled to a benefit equal to two and one-half (2½) times (one times for Xx. Xxxxxx X. Hickman) the deceased Participant’s Base Annual Salary at the effective date of death, but not in excess of the Plan, the maximum benefit amount of which is specified in Exhibit A.

Appears in 1 contract

Samples: Laurel Savings (Laurel Capital Group Inc)

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