Common use of Amount of Benefits Clause in Contracts

Amount of Benefits. If the Employee was no longer employed by the Bank at the time of death but benefits are nevertheless payable under Section 2.2 or 2.3, the Bank, or any successor, shall pay to the Employee's beneficiary a survivor income benefit of $100,000.00. The survivor income benefit shall be paid in a single lump sum within 90 days after submission of proof of a claim substantiating the Employee's death.

Appears in 2 contracts

Samples: Executive Survivor Income Agreement (Quaint Oak Bancorp Inc), Executive Survivor Income Agreement (Quaint Oak Bancorp Inc)

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Amount of Benefits. If the Employee was no longer employed by the Bank at the time of death but benefits are nevertheless payable under Section 2.2 or 2.32.2, the Bank, or any successor, shall pay to the Employee's beneficiary a survivor income benefit of $100,000.00. The survivor income benefit shall be paid in a single lump sum within 90 days after submission of proof of a claim substantiating the Employee's death.

Appears in 1 contract

Samples: Employee Survivor Income Agreement (Quaint Oak Bancorp Inc)

Amount of Benefits. If the Employee was no longer employed by the Bank at the time of death but benefits are nevertheless payable under Section 2.2 or 2.2, 2.3, or 2.4, the Bank, or any successor, Bank shall pay to the Employee's beneficiary a survivor income benefit of $100,000.00368,970. The survivor income benefit shall be paid in a single lump sum within 90 days after submission of proof of a claim substantiating the Employee's death. If the Employee dies after reaching age 85, no survivor income benefits shall be payable under this Agreement.

Appears in 1 contract

Samples: Income Agreement (Middlefield Banc Corp)

Amount of Benefits. If the Employee was no longer employed by the Bank at the time of death but benefits are nevertheless payable under Section 2.2 or 2.2, 2.3, or 2.4, the Bank, or any successor, Bank shall pay to the Employee's beneficiary a survivor income benefit of $100,000.00471,741. The survivor income benefit shall be paid in a single lump sum within 90 days after submission of proof of a claim substantiating the Employee's death. If the Employee dies after reaching age 85, no survivor income benefits shall be payable under this Agreement.

Appears in 1 contract

Samples: Income Agreement (Middlefield Banc Corp)

Amount of Benefits. If the Employee was no longer employed by the Bank at the time of death but benefits are nevertheless payable under Section 2.2 or 2.2, 2.3, or 2.4, the Bank, or any successor, Bank shall pay to the Employee's beneficiary a survivor income benefit of $100,000.00$ . The survivor income benefit shall be paid in a single lump sum within 90 days after submission of proof of a claim substantiating the Employee's death.. If the Employee dies after reaching age 85, no survivor income benefits shall be payable under this Agreement. Article 3

Appears in 1 contract

Samples: Income Agreement (Willow Grove Bancorp Inc/New)

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Amount of Benefits. If the Employee was no longer employed by the Bank at the time of death but benefits are nevertheless payable under Section 2.2 or 2.2, 2.3, or 2.4, the Bank, or any successor, Bank shall pay to the Employee's beneficiary a survivor income benefit of $100,000.0085,069. The survivor income benefit shall be paid in a single lump sum within 90 days after submission of proof of a claim substantiating the Employee's death. If the Employee dies after reaching age 85, no survivor income benefits shall be payable under this Agreement.

Appears in 1 contract

Samples: Income Agreement (Middlefield Banc Corp)

Amount of Benefits. If the Employee was no longer employed by the Bank at the time of death but benefits are nevertheless payable under Section 2.2 or 2.2, 2.3, or 2.4, the Bank, or any successor, Bank shall pay to the Employee's beneficiary a survivor income benefit of $100,000.00131,430. The survivor income benefit shall be paid in a single lump sum within 90 days after submission of proof of a claim substantiating the Employee's death. If the Employee dies after reaching age 85, no survivor income benefits shall be payable under this Agreement.

Appears in 1 contract

Samples: Income Agreement (Middlefield Banc Corp)

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