Common use of Disability While Employed Clause in Contracts

Disability While Employed. I understand that in the event of my Disability prior to my Benefit Age, I will be entitled to the Disability Benefit set forth in Section 3.6 of the Plan. My Disability Benefit shall equal my full Supplemental Retirement Benefit, shall be paid in 180 monthly installments commencing within 90 days following the date on which I attain my Benefit Age.

Appears in 2 contracts

Sources: Supplemental Executive Retirement Plan Joinder Agreement (Citizens Bancshares Corp /Ga/), Supplemental Executive Retirement Plan Joinder Agreement (Citizens Bancshares Corp /Ga/)

Disability While Employed. I understand that in the event of my Disability prior to my Benefit Age, I will be entitled to the Disability Benefit set forth in Section 3.6 of the Plan. My Disability Benefit shall equal my full Supplemental Retirement Accrued Benefit, determined at my Disability, and shall be paid to me in 180 monthly installments commencing a lump sum within 90 days following of the date on which I attain my Benefit Agehave a Separation from Service due to Disability.

Appears in 1 contract

Sources: Supplemental Executive Retirement Plan Joinder Agreement (Citizens Bancshares Corp /Ga/)