Common use of Death Subsequent to Retirement Clause in Contracts

Death Subsequent to Retirement. In the event of the death of Executive --------------------------------- while receiving monthly benefits under this Agreement, but prior to receiving one hundred eighty (180) equal monthly payments, the unpaid balance of such equal monthly payments shall continue to be paid monthly to Executive's Beneficiary until the total of one hundred eighty (180) such payments have been made. In the event Executive dies following his Normal Retirement Date, but before commencement of any payments, the Supplemental Retirement Income Benefit shall be paid to Executive's Beneficiary in one hundred eighty (180) equal monthly payments commencing within thirty (30) days after the Association is notified of Executive's death.

Appears in 1 contract

Samples: Supplemental Retirement Income Agreement (Flatbush Federal Bancorp Inc)

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Death Subsequent to Retirement. In the event of the death of Executive --------------------------------- while receiving monthly benefits under this Agreement, but prior to receiving one hundred eighty (180) equal monthly payments, the unpaid balance of such equal monthly payments shall continue to be paid monthly to Executive's ’s Beneficiary until the total of one hundred eighty (180) such payments have been made. In the event Executive dies following his Normal Retirement Date, but before commencement of any payments, the Supplemental Retirement Income Benefit shall be paid to Executive's ’s Beneficiary in one hundred eighty (180) equal monthly payments commencing within thirty (30) days after the Association is notified date of Executive's ’s death.

Appears in 1 contract

Samples: Supplemental Retirement Income Agreement (Flatbush Federal Bancorp Inc)

Death Subsequent to Retirement. In the event of the death of Executive --------------------------------- ------------------------------ while receiving monthly benefits under this Agreement, but prior to receiving one hundred eighty (180) equal monthly payments, the unpaid balance of such equal monthly payments shall continue to be paid monthly to Executive's Beneficiary until the total of one hundred eighty (180) such payments have been made. In the event Executive dies following his Normal Retirement Date, but before commencement of any payments, the Supplemental Retirement Income Benefit shall be paid to Executive's Beneficiary in one hundred eighty (180) equal monthly payments commencing within thirty (30) days after the Association is notified of Executive's death.

Appears in 1 contract

Samples: Supplemental Retirement Income Agreement (Flatbush Federal Bancorp Inc)

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Death Subsequent to Retirement. In the event of the death of Executive --------------------------------- while receiving monthly benefits under this Agreement, but prior to receiving one hundred eighty (180) equal monthly payments, the unpaid balance of such equal monthly payments shall continue to be paid monthly to Executive's ’s Beneficiary until the total of one hundred eighty (180) such payments have been made. In the event Executive dies following his Normal Retirement Date, but before commencement of any payments, the Supplemental Retirement Income Benefit shall be paid to Executive's ’s Beneficiary in one hundred eighty (180) equal monthly payments commencing within thirty (30) days after the Association is notified date of Executive's ’s death.. SECTION III

Appears in 1 contract

Samples: Supplemental Retirement Income Agreement (Flatbush Federal Bancorp Inc)

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