Common use of Death During Active Service Clause in Contracts

Death During Active Service. If the Executive dies while employed by the Bank, the Bank shall pay to the Executive’s Beneficiary the Accrual Balance earned as of the last day of the Plan Year immediately preceding the Executive’s Date of Death and as detailed on Schedule A, payable within thirty (30) days after the Executive’s death, with the date of payment determined by the bank in its sole discretion.

Death During Active Service. If the Executive dies while employed by in active service to the Bank, the Bank shall pay to the Executive’s Beneficiary the Accrual Balance earned Deferral Account balance as of the last day date of the Plan Year immediately preceding the Executive’s Date of Death and as detailed on Schedule A, payable within thirty (30) days after the Executive’s death. This benefit shall be paid to the Beneficiary, with the date of payment determined as elected by the bank in its sole discretionExecutive on the Election Form(s), commencing within sixty (60) days following Executive’s death.

Death During Active Service. If the Executive dies while employed by in active service to the BankBank before the Normal Retirement Date, the Bank shall pay to the Executive’s Beneficiary (a) an amount in cash equal to the Accrual Balance earned as of at the last day end of the Plan Year immediately preceding the Executive’s Date year of Death and as detailed on Schedule A, payable within thirty (30) days after the Executive’s death, with unless the date of payment determined by Change-in-Control benefit shall have previously been paid to the bank Executive under Section 2.4, and (b) the benefit described in its sole discretion.the Split Dollar Agreement attached to this Agreement as Addendum A.

Death During Active Service. If the Executive dies while employed by in active service to the Bank, the Bank shall pay to the Executive’s Beneficiary the Accrual Balance earned Deferral Account balance as of the last day date of the Plan Year immediately preceding the Executive’s Date of Death and as detailed on Schedule A, payable within thirty (30) days after the Executive’s death, with . This benefit shall be paid to the Beneficiary in a single cash lump-sum distribution within sixty (60) days following the date of payment determined by the bank in its sole discretionExecutive’s death.

Death During Active Service. If the Executive dies while employed by in active service to the BankBank and before a Termination of Employment, the Bank shall pay to the Executive’s Beneficiary a lump sum cash payment equal to the Accrual Balance earned as of the last day of the Plan Year immediately preceding the Executive’s Date of Death and as detailed on Schedule A, payable within thirty Accrued Benefit. The lump sum cash payment will be made no later than sixty (3060) days after the Executive’s death, with following the date of payment determined by the bank in its sole discretiondeath.

Death During Active Service. If the Executive dies while employed by in active service to the BankBank before the Normal Retirement Date, instead of any other benefit payable under this Agreement the Bank shall pay to the Executive’s Beneficiary in a single lump sum the Accrual Balance earned maintained by the Bank as of the last day end of the Plan Year immediately preceding month in which the Executive’s Date of Death and as detailed on Schedule A, payable Executive dies. The Bank shall pay this benefit within thirty (30) seven days after the Executive’s death, with the date of payment determined by the bank in its sole discretion.

Death During Active Service. If the Executive dies while employed by in active service to the BankBank and before a Termination of Employment, the Bank shall pay to the Executive’s Beneficiary a lump sum cash payment in the Accrual Balance earned as amount of the last day of the Plan Year immediately preceding the Executive’s Date of Death and as detailed on Schedule A, payable within thirty $2,753,175. The lump sum cash payment will be made no later than sixty (3060) days after the Executive’s death, with following the date of payment determined by the bank in its sole discretiondeath.

Death During Active Service. If In the Executive dies while employed by event of the Executive’s death prior to Termination of Employment with the Bank, while covered by the Bank shall pay to provisions of this Agreement, the Executive’s Beneficiary shall be paid the Accrual Balance earned as of the last day of the Plan Year immediately preceding the ExecutiveSurvivor’s Date of Death and as detailed on Schedule A, payable Benefit. Payments shall commence within thirty (30) days after the date of the Executive’s death, with the date of payment determined by the bank in its sole discretion.

Death During Active Service. If the Executive dies while employed by the Bank, the Bank shall pay to the Executive’s Beneficiary the Accrual Balance earned as of the last day of the Plan Year immediately preceding the Executive’s Date of Death and as detailed on Schedule A, payable within thirty (30) days after the Executive’s death, with the date of payment determined by the bank in its sole discretion.. 5 (b)