AGREEMENT BINDING UPON PARTIES. This Agreement shall bind both the Bank and the Employee, as well as their heirs, successors, personal representatives and assigns. Except as otherwise provided by this Agreement, in no event shall a successor entity to the Bank be discharged of its obligation to maintain a level of insurance protection equal to the Employee’s Interest.
Appears in 5 contracts
Samples: Split Dollar Life Insurance Agreement (SI Financial Group, Inc.), Split Dollar Life Insurance Agreement (SI Financial Group, Inc.), Split Dollar Life Insurance Agreement (Ocean Shore Holding Co.)
AGREEMENT BINDING UPON PARTIES. This Agreement shall bind both the Bank and the Employee, as well as their heirs, successors, personal representatives and assigns. Except as otherwise provided by this Agreement, in no event shall a successor entity to the Bank be discharged of its obligation to maintain a level of insurance protection equal to the Employee’s 's Interest.
Appears in 1 contract
Samples: Split Dollar Life Insurance Agreement (SI Financial Group, Inc.)
