Disability Continuation. Upon Separation from Service due to Disability, followed by death before recovering from such Disability, the Bank shall pay to the Executive's designated beneficiary the survivor income benefit described in Section 2.1. Notwithstanding the previous sentence, upon the disabled Executive’s gainful employment with an entity other than the Bank, the Bank shall have no further obligation to the disabled Executive, and the disabled Executive’s rights pursuant to the Agreement shall cease.
Appears in 3 contracts
Sources: Supplemental Life Insurance Agreement (MB Bancorp Inc), Supplemental Life Insurance Agreement (MB Bancorp Inc), Supplemental Life Insurance Agreement (MB Bancorp Inc)