Common use of Death Benefits Clause in Contracts

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN THOUSAND ONE HUNDRED SIXTY-THREE and 48/100 Dollars ($17,163.48) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

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Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN THREE THOUSAND ONE HUNDRED SIXTY-THREE and 48/100 TEN AND 33/100 Dollars ($17,163.483,010.33) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN FORTY-FIVE THOUSAND ONE SIX HUNDRED SIXTY-THREE NINE and 48/100 39/100 Dollars ($17,163.4845,609.39) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN TWELVE THOUSAND ONE EIGHT HUNDRED SIXTYSEVENTY-THREE FIVE and 48/100 00/100 Dollars ($17,163.4812,875.00) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN THOUSAND ONE HUNDRED SIXTYTHIRTY-THREE THOUSAND FIFTY-SIX and 48/100 25/100 Dollars ($17,163.4833,056.25) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN EIGHT THOUSAND ONE SEVEN HUNDRED SIXTY-THREE SIX and 48/100 45/100 Dollars ($17,163.488,706.45) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN TWO THOUSAND ONE SIX HUNDRED SIXTYTHIRTY-THREE and 48/100 EIGHT AND 17/100 Dollars ($17,163.482,638.17) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Service and Death Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN ELEVEN THOUSAND ONE SEVEN HUNDRED SIXTY-THREE FIFTY and 48/100 00/100 Dollars ($17,163.4811,750.00) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN FOURTEEN THOUSAND ONE TWO HUNDRED SIXTY-THREE FIVE and 48/100 00/100 Dollars ($17,163.4814,205.00) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN FOURTEEN THOUSAND ONE TWO HUNDRED SIXTY-THREE TWO and 48/100 50/100 Dollars ($17,163.4814,262.50) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN FORTY-NINE THOUSAND ONE SEVEN HUNDRED SIXTYFIFTY-THREE FIVE and 48/100 66/100 Dollars ($17,163.4849,755.66) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN THIRTY-NINE THOUSAND ONE FOUR HUNDRED SIXTYEIGHTY-THREE EIGHT and 48/100 67/100 Dollars ($17,163.4839,488.67) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN FORTY-NINE THOUSAND ONE SEVEN HUNDRED SIXTYFIFTY-THREE FIVE and 48/100 Dollars 66/100 dollars ($17,163.4849,755.66) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN TWELVE THOUSAND SEVEN HUNDRED NINETY-ONE HUNDRED SIXTY-THREE and 48/100 68/100 Dollars ($17,163.4812,791.68_) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

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Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN FORTY-FIVE THOUSAND ONE SIX HUNDRED SIXTY-THREE NINE and 48/100 Dollars 39/100 dollars ($17,163.4845,609.39) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN TWO THOUSAND ONE NINE HUNDRED SIXTYFIFTY-THREE and 48/100 FOUR AND 75/100 Dollars ($17,163.482,954.75) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN THOUSAND ONE THIRTY-NINE FOUR HUNDRED SIXTYEIGHTY-THREE EIGHT and 48/100 67/100 Dollars ($17,163.4839,488.67) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN EIGHT THOUSAND ONE SIX HUNDRED SIXTY-THREE TWELVE and 48/100 85/100 Dollars ($17,163.488,612.85) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN EIGHT THOUSAND TWO HUNDRED THIRTY-ONE HUNDRED SIXTY-THREE and 48/100 36/100 Dollars ($17,163.488,231.36) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN FIFTEEN THOUSAND ONE EIGHT HUNDRED SIXTYTWENTY-THREE NINE and 48/100 25/100 Dollars ($17,163.4815,829.25) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN SIX THOUSAND ONE FOUR HUNDRED SIXTY-THREE EIGHT and 48/100 75/100 Dollars ($17,163.486,468.75) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

Death Benefits. In the event Executive dies while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of SEVENTEEN TWENTY-EIGHT THOUSAND ONE SIX HUNDRED SIXTYFIFTY-THREE TWO and 48/100 22/100 Dollars ($17,163.4828,652.22) per month for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable. The first payment shall be made not later than two months following Executive’s death.

Appears in 1 contract

Samples: Benefit Agreement (First Citizens Bancshares Inc /De/)

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