In the event of: (a) a Termination of Employment due to voluntary retirement after reaching normal retirement age as defined in the Bank's Deferred Compensation Plan as then in effect, (b) death, or (c) Disability during a Performance Period, a prorated award may be paid to the Participant (or the Participant’s Personal Representative in the case of death). The amount of any prorated award will be determined by the number of months that the Participant was employed by the Bank and not on a leave of absence during the Performance Period, divided by 36. An award paid under this Section 5.4, if any, shall be paid in the taxable year of the Bank immediately following the end of the Performance Period. These prorated awards, if any, will be paid no later than 60 days after the date on which the Board of Directors’ approval of Final Awards, if any, becomes effective.