Common use of Disability Prior to Retirement Clause in Contracts

Disability Prior to Retirement. In the event the Executive should become disabled while actively employed by the Bank at any time after the date of this Agreement but prior to his Retirement Date, the Executive shall be considered to be one hundred percent (100%) vested in the amount set forth in Schedule A attached hereto and made a part hereof, under Accrued Salary Continuation Liability for the appropriate Plan Year. Said amount shall be paid to the Executive in a lump sum within three (3) months of the determination of disability. Said payment shall be in lieu of any other retirement or death benefit under this Agreement.

Disability Prior to Retirement. In the event the Executive should become disabled while actively employed by the Bank at any time after the date of this Agreement but prior to his Retirement Date, the Executive shall be considered to be one hundred percent (100%) vested in the amount set forth in Schedule A attached hereto and made a part hereof, under Accrued Salary Continuation continuation Liability for the appropriate Plan Year. Said amount shall be paid to the Executive in a lump sum within three (3) months of the determination of disability. Said payment shall be in lieu of any other retirement or death benefit under this Agreement.

Disability Prior to Retirement. In the event the Executive should become disabled while actively employed by the Bank at any time after the date of this Agreement but prior to his Retirement Date, the Executive shall be considered to be one hundred percent (100%) vested in the amount set forth to be determined in Schedule A attached hereto and made a part hereof, under Accrued Salary Continuation Liability for the appropriate Plan Yearaccordance with Section 5.1.a. Said amount shall be paid to the Executive in a lump sum within three (3) months of the determination of disability. Said payment shall be in lieu of any other retirement or death benefit under this Agreement.