Amendment or Revocation. Subject to the Bank's absolute right to surrender or terminate the policy at any time and for any reason, it is agreed by and between the parties hereto that, during the lifetime of the Insured, this Agreement may be amended or revoked at any time or times, in whole or in part, by the mutual written consent of the Insured and the Bank.
Appears in 7 contracts
Samples: Split Dollar Life Insurance Agreement (First Colebrook Bancorp, Inc.), Endorsement Method Split Dollar Plan Agreement (First Colebrook Bancorp, Inc.), Endorsement Method Split Dollar Plan (First Colebrook Bancorp, Inc.)
Amendment or Revocation. Subject to the BankInstitution's absolute right to surrender or terminate the policy at any time and for any reason, it is agreed by and between the parties hereto that, during the lifetime of the Insured, this Agreement may be amended or revoked at any time or times, in whole or in part, by the mutual written consent of the Insured and the BankInstitution.
Appears in 4 contracts
Samples: Executive Salary Continuation Plan Agreement (Osage Federal Financial Inc), Executive Salary Continuation Plan Agreement (Osage Federal Financial Inc), Executive Salary Continuation Plan Agreement (Osage Federal Financial Inc)
Amendment or Revocation. Subject to the Bank's ’s absolute right to surrender or terminate the policy at any time and for any reason, it is agreed by and between the parties hereto that, during the lifetime of the InsuredExecutive, this Agreement may be amended or revoked at any time or times, in whole or in part, by the mutual written consent of the Insured Executive and the Bank.
Appears in 3 contracts
Samples: Split Dollar Life Insurance Agreement, Split Dollar Life Insurance Agreement (M&f Bancorp Inc /Nc/), Split Dollar Life Insurance Agreement (M&f Bancorp Inc /Nc/)
Amendment or Revocation. Subject to the Bank's ’s absolute right to surrender or terminate the policy at any time and for any reason, it is agreed by and between the parties hereto that, during the lifetime of the Insured, this Agreement may be amended or revoked at any time or times, in whole or in part, by the mutual written consent of the Insured and the Bank.
Appears in 2 contracts
Samples: Endorsement Method Split Dollar Plan Agreement (South Street Financial Corp), Endorsement Method Split Dollar Plan Agreement (South Street Financial Corp)
