Common use of Death Subsequent to Retirement Clause in Contracts

Death Subsequent to Retirement. In the event of the Executive’s death while receiving monthly benefits under this Agreement, but prior to receiving two hundred forty (240) monthly payments, the unpaid balance of such monthly payments shall continue to be paid monthly to Executive’s Beneficiary.

Appears in 2 contracts

Samples: Supplemental Retirement Income Agreement (Brooklyn Federal Bancorp, Inc.), Executive Supplemental Retirement (Brooklyn Federal Bancorp, Inc.)

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Death Subsequent to Retirement. In the event of the Executive’s 's death while receiving monthly benefits under this Agreement, but prior to receiving two hundred forty (240) monthly payments, the unpaid balance of such monthly payments shall continue to be paid monthly to Executive’s 's Beneficiary.

Appears in 2 contracts

Samples: Income Agreement (Brooklyn Federal Bancorp, Inc.), Income Agreement (Brooklyn Federal Bancorp, Inc.)

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