Common use of Death During Benefit Period Clause in Contracts

Death During Benefit Period. If the Executive dies after benefit payments under Article 2 have commenced, and if benefit payments have been paid to Executive for less than 15 years, the Bank shall pay to the Executive’s beneficiary(ies) at the same time and in the same amounts the benefits that would have been paid to Executive, had the Executive survived, but the total period of payments to Executive and Executive’s beneficiary(ies) shall not exceed 15 years.

Death During Benefit Period. If the Executive dies after benefit payments under Article 2 have commenced, and if benefit payments have been paid to Executive for less than 15 years, the Bank shall pay to the Executive’s beneficiary(ies) at the same time and in the same amounts the benefits that would have been paid to Executive, had the Executive survived, but the total period of payments to the Executive and the Executive’s beneficiary(ies) shall not exceed 15 years.

Death During Benefit Period. If the Executive dies after benefit payments under Article 2 of this Agreement have commenced, and if benefit payments have been paid to Executive for less than 15 yearscommenced but before receiving all such payments, the Bank shall pay the remaining benefits to the Executive’s beneficiary(ies) at the same time and in the same amounts the benefits that they would have been paid to Executive, the Executive had the Executive survived, survived but the total period of payments to the Executive and the Executive’s beneficiary(ies) shall not exceed 15 years.