Common use of Death Prior to Retirement Clause in Contracts

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to her attaining the Plan Retirement Date (which will occur on September 20, 2022 or such later date as may be agreed upon), the Corporation will pay one thousand two hundred fifty dollars ($1250.00) each month for one-hundred eighty (180) months to the surviving spouse of the Executive, commencing on the first day of the month (October 1, 2022) following the Executive's Plan Retirement Date, and continuing for the lesser of: (a) a full term of one-hundred eighty (180) months, or (b) the lifetime of the surviving spouse.

Appears in 1 contract

Samples: Supplemental Retirement Agreement (MidWestOne Financial Group, Inc.)

AutoNDA by SimpleDocs

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to her his attaining the Plan Retirement Date (which will occur on September 20June 15, 2022 2019 or such later date as may be agreed upon), the Corporation will pay one thousand two eight hundred fifty thirty-three and 33/100ths dollars ($1250.00833.33) each month for one-hundred eighty twenty (180120) months to the surviving spouse of the Executive, commencing on the first day of the month (October 1, 2022) following the Executive's ’s “Plan Retirement Date” (July 1, 2019), and continuing for the lesser ofof : (a) a full term of one-hundred eighty twenty (180120) months, or (b) the lifetime of the surviving spouse.

Appears in 1 contract

Samples: Second Supplemental Retirement Agreement (ISB Financial Corp.)

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to her his attaining the Plan Retirement Date (which will occur on September 20August 25, 2022 2015 or such later date as may be agreed upon), the Corporation will pay one two thousand two hundred fifty eighty three dollars and 33/lOOths ($1250.002083.33) each month for one-hundred eighty (180) months to the surviving spouse of the Executive, commencing on the first day of the month (October 1, 2022) following the Executive's Plan Retirement Date” (September 1, 2015), and continuing for the lesser of: (a) a full term of one-hundred eighty (180) months, or (b) the lifetime of the surviving spouse.

Appears in 1 contract

Samples: Supplemental Retirement Agreement (MidWestOne Financial Group, Inc.)

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to her this attaining the Plan Retirement Date (which will occur on September 20June 15, 2022 2024 or such later date as may be agreed upon), the Corporation will pay one one-thousand two two-hundred fifty dollars ($1250.001,250.00) each month for one-hundred eighty (180) months to the surviving spouse of the Executive, commencing on the first day of the month (October 1, 2022) following the Executive's ’s “Plan Retirement Date” (July 1, 2024), and continuing for the lesser of: (a) a full term of one-hundred eighty (180) months, or (b) the lifetime of the surviving spouse.

Appears in 1 contract

Samples: Supplemental Retirement Agreement (ISB Financial Corp.)

AutoNDA by SimpleDocs

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to her his attaining the Plan Retirement Date (which will occur on September 20August 25, 2022 2015 or such later date as may be agreed upon), the Corporation will pay one one-thousand two two-hundred fifty dollars ($1250.001,250.00) each month for one-hundred eighty eighth (180) months to the surviving spouse of the Executive, commencing on the first day of the month (October 1, 2022) following the Executive's ’s “Plan Retirement Date” (July 1, 2015), and continuing for the lesser of: (a) a full term of one-hundred eighty (180) months, or (b) the lifetime of the surviving spouse.

Appears in 1 contract

Samples: Supplemental Retirement Agreement (ISB Financial Corp.)

Death Prior to Retirement. In the event the Executive should die while actively employed by the Corporation at any time after the date of this Agreement but prior to her attaining the Plan Retirement Date (which will occur on September 20June 12, 2022 2019 or such later date as may be agreed upon), the Corporation will pay one one-thousand two two-hundred fifty dollars and ($1250.001,250.00) each month for one-hundred eighty (180) months to the surviving spouse of the Executive, commencing on the first day of the month (October 1, 2022) following the Executive's ’s “Plan Retirement Date” (July 1, 2019), and continuing for the lesser of: (a) a full term of one-hundred eighty (180) months, or (b) the lifetime of the surviving spouse.

Appears in 1 contract

Samples: Supplemental Retirement Agreement (ISB Financial Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.