Common use of Death During Benefit Period Clause in Contracts

Death During Benefit Period. If the Executive dies after benefit payments under Article 2 commence but before receiving all such payments, the Bank shall pay the remaining benefits to the Executive’s Beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived. In that case no death benefit shall be payable under the Split Dollar Agreement and Endorsement, as amended. If the Executive is entitled to benefit payments under Article 2 but dies before payments commence, the benefits shall be payable to the Executive’s Beneficiary but payments shall commence on the last day of the month after the date of the Executive’s death, and no death benefit shall be payable under the Split Dollar Agreement and Endorsement, as amended. However, the Executive’s Beneficiary shall be entitled to no benefit under the Split Dollar Agreement and Endorsement, as amended, if the Change-in-Control benefit under section 2.4 shall have been paid.

Death During Benefit Period. If the Executive dies after benefit payments under Article 2 commence but before receiving all such payments, the Bank shall pay the remaining benefits to the Executive’s Beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived. In that case case, no death benefit shall be payable under the Split Dollar Agreement and Endorsement, as amended. If the Executive is entitled to benefit payments under Article 2 but dies before payments commence, the benefits shall be payable to the Executive’s Beneficiary but payments shall commence on the last day of the month after the date of month in which the Executive’s deathdeath occurs, and no death benefit shall be payable under the Split Dollar Agreement and Endorsement, as amended. However, the Executive’s Beneficiary shall be entitled to no benefit under the Split Dollar Agreement and Endorsement, as amended, if the Change-in-Control benefit under section 2.4 shall have been paid.

Death During Benefit Period. If the Executive dies after benefit payments under Article 2 commence but before receiving all such payments, the Bank shall will pay the remaining benefits to the Executive’s Beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived. In that case no death benefit shall be is payable under the Split Dollar Agreement and Endorsement, as amended. If the Executive is entitled to benefit payments under Article 2 but dies before payments commence, the benefits shall be are payable to the Executive’s Beneficiary but payments shall will commence on the last day of the month after the date of the Executive’s death, and no death benefit shall be is payable under the Split Dollar Agreement and Endorsement, as amended. However, the Executive’s Beneficiary shall be is entitled to no benefit under the Split Dollar Agreement and Endorsement, as amended, if the Change-in-Control benefit under section 2.4 shall have has been paid.