Distribution at Death. Upon the Director’s death prior to termination of this Agreement, the Company shall pay THE FIRST NATIONAL BANK OF MIFFLINTOWN Director Revenue Neutral Retirement Agreement the Director’s Beneficiary a benefit equal to the Retirement Account balance as of the Plan Anniversary Date immediately preceding the Director’s death. The Company shall pay the benefit to the Beneficiary in a lump sum within sixty (60) days following the Director’s death.
Appears in 2 contracts
Sources: Director Revenue Neutral Retirement Agreement (First Community Financial Corp), Director Revenue Neutral Retirement Agreement (First Community Financial Corp)