Payments in the Event of Death After Retirement. The Employer agrees that if the Executive Retires, but shall die before receiving all of the One Hundred Eighty (180) monthly payments to which he is entitled hereunder, the Employer will continue to make such monthly payments to the Executive's designated beneficiary for the remaining period. If a valid Beneficiary Designation is not in effect, then the remaining amounts due to the Executive under the term of this Agreement shall be paid to the Executive's Surviving Spouse. If the Executive leaves no Surviving Spouse, the remaining amounts due to the Executive under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Executive's estate.
Payments in the Event of Death After Retirement. The Bank agrees that if the Director Retires, but shall die before receiving all of the Director Benefits Payments specified in Schedule “B”, the Bank agrees to pay the Applicable Percentage of the Director Benefits to the Director’s designated beneficiary in lump sum. If a valid Beneficiary Designation is not in effect, then the remaining amounts due to the Director under the terms of this Agreement shall be paid to the Director’s Surviving Spouse. If the Director leaves no Surviving Spouse, the remaining amounts due to the Director under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Director’s estate.
Payments in the Event of Death After Retirement. The Employer ----------------------------------------------- agrees that if the Employee Retires, but shall die before receiving all of the Employee Benefits, the Employer will make such payments to which the Employee may be entitled, to the Employee's designated beneficiary in lump sum. If a valid Beneficiary Designation is not in effect, then the remaining amounts due to the Employee under the terms of this Agreement shall be paid to the Employee's Surviving Spouse. If the Employee leaves no Surviving Spouse, the remaining amounts due to the Employee under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Employee's estate.
Payments in the Event of Death After Retirement. In the event of Executive’s death following Retirement, no death benefit shall be provided under this Agreement.
Payments in the Event of Death After Retirement. The Employer agrees that if the Officer Retires and is entitled to payments pursuant to either Section 3.1 or 3.2, but shall die before attaining age 86, then the Employer will pay the Accrued Liability in a lump sum to the Officer's designated beneficiary. If a valid Beneficiary Designation is not in effect, then the Accrued Liability shall be paid to the Officer's Surviving Spouse. If the Officer leaves no Surviving Spouse, the Accrued Liability shall be paid to the duly qualified personal representative, executor or administrator of the Officer's estate.
Payments in the Event of Death After Retirement. The Employer agrees that if the Executive Retires, but shall die before receiving all of the monthly payments described in Section 3.1 herein, the Employer will make the remaining monthly payments, undiminished and on the same schedule as if the Executive had not died, to the Executive’s designated beneficiary. If the Executive dies without a valid beneficiary designation, then the benefits shall be made to the personal representative of the Executive’s estate for the benefit of the Executive’s estate.
Payments in the Event of Death After Retirement. (a) If the Director Retires, but shall die before receiving all of the Director Benefits, and provided that the Surrogate is alive at the date of the Director's death, the Bank will pay to the Director's designated beneficiary(ies) the Applicable Percentage of the balance, if any, of the Benefit Account, in lump sum, and up to twenty (20) annual Index Benefit installment payments in the amounts that otherwise would have been paid to the Director if still alive and which are derived by reference to a Surrogate Policy, if any, minus the number of annual Index Benefit installment payments made to the Director prior to the Director's death. Upon the death of the Surrogate, such installment payments shall cease whether or not any unpaid portion of the twenty (20) installment payments shall remain unpaid.
Payments in the Event of Death After Retirement. The Employer agrees that if the Executive Retires, but shall die before receiving all of the One Hundred Eighty (180) monthly payments to which he is entitled hereunder, the Employer will continue to make such monthly payments to the Executive's Surviving Spouse for the remainder of her lifetime or the remainder of the One Hundred Eighty (180) month period, whichever is shorter.
Payments in the Event of Death After Retirement. (a) If the Executive Retires, but shall die before receiving all of the Executive
Payments in the Event of Death After Retirement. In the event of Executive’s death following Retirement, benefits shall cease under this Agreement and no death benefit shall be provided under this Agreement. XXXXX XXXXXXXXXX & LONG PC
