Common use of Termination of Employment Due to Death Clause in Contracts

Termination of Employment Due to Death. The Officer’s employment with the Bank shall terminate, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s death. In such event, the Bank shall pay and deliver to his estate and surviving dependents and beneficiaries, as applicable, the Standard Termination Entitlements.

Appears in 18 contracts

Samples: Agreement and Plan of Merger (New Hampshire Thrift Bancshares Inc), Agreement and Plan of Merger (New Hampshire Thrift Bancshares Inc), One Year Change of Control Agreement (Westfield Financial Inc)

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Termination of Employment Due to Death. The Officer’s 's employment with the Bank shall terminateterminate automatically, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s 's death. In such event, the Bank shall pay and deliver to his the Officer's estate and surviving dependents and designated beneficiaries, as applicable, the Standard Termination Entitlements.

Appears in 13 contracts

Samples: Change of Control Severance Agreement (Astoria Financial Corp), Change of Control Severance Agreement (Astoria Financial Corp), Change of Control Severance Agreement (Astoria Financial Corp)

Termination of Employment Due to Death. The Officer’s 's employment with the Bank shall terminate, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s 's death. In such event, the Bank shall pay and deliver to his estate and surviving dependents and beneficiaries, as applicable, the Standard Termination Entitlements.

Appears in 10 contracts

Samples: Change of Control Agreement (Bridge Street Financial Inc), Change of Control Agreement (Charter Financial Corp/Ga), Change of Control Agreement (Bridge Street Financial Inc)

Termination of Employment Due to Death. The Officer’s employment with the Bank shall terminate, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s death. In such event, the Bank shall pay and deliver to his the Officer’s estate and surviving dependents and beneficiaries, as applicable, the Standard Termination Entitlements.

Appears in 3 contracts

Samples: Change of Control Agreement (Hudson City Bancorp Inc), Change of Control Agreement (Sterling Bancorp, Inc.), Change of Control Agreement (Hudson City Bancorp Inc)

Termination of Employment Due to Death. The Officer’s 's employment with the Bank shall terminate, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s 's death. In such event, the Bank shall pay and deliver to his her estate and surviving dependents and beneficiaries, as applicable, the Standard Termination Entitlements.

Appears in 3 contracts

Samples: Change of Control Agreement (Mystic Financial Inc), Change of Control Agreement (Mystic Financial Inc), Change of Control Agreement (Slades Ferry Bancorp)

Termination of Employment Due to Death. The Officer’s 's employment with the Bank shall terminate, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s 's death. In such event, the Bank shall pay and deliver to his the Officer's estate and surviving dependents and beneficiaries, as applicable, the Standard Termination Entitlements.

Appears in 3 contracts

Samples: Change of Control Agreement (Sterling Bancorp, Inc.), Change of Control Agreement (Sterling Bancorp, Inc.), Change of Control Agreement (Hudson City Bancorp Inc)

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Termination of Employment Due to Death. The Officer’s 's employment with the Bank shall terminate, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s death. In such event, the Bank shall pay and deliver to his estate and surviving dependents and beneficiaries, as applicable, the Standard Termination Entitlements.'s

Appears in 2 contracts

Samples: Change of Control Agreement (Falmouth Bancorp Inc), Change of Control Agreement (Mystic Financial Inc)

Termination of Employment Due to Death. The Officer’s 's employment with the Bank shall terminate, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s 's death. In such event, the Bank shall pay and deliver to the Officer (and, in the event of his death before payment, to his estate and surviving dependents and beneficiaries, as applicable, ) the Standard Termination Entitlements.

Appears in 2 contracts

Samples: Change of Control Agreement (Hudson City Bancorp Inc), Change of Control Agreement (Hudson City Bancorp Inc)

Termination of Employment Due to Death. The Officer’s employment with the Bank shall terminate, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s death. In such event, the Bank shall pay and deliver to his estate and surviving dependents and beneficiaries, as applicable, the Standard Termination Entitlements.’s

Appears in 1 contract

Samples: Two Year Change of Control Agreement (CMS Bancorp, Inc.)

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