Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Director; however, this Agreement will automatically terminate if no benefit is payable to the Director due to the Director’s Termination for Cause, Suicide or Misstatement as set forth in Article 5.
Appears in 10 contracts
Samples: Director Retirement Agreement, Director Retirement Agreement, Director Retirement Agreement (Sierra Bancorp)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Director; however, this Agreement will automatically terminate if no benefit is payable to the Director due to upon the Director’s Termination for Cause, Suicide Cause or Misstatement as set forth in Article 5the event the Insurer refuses to pay a death benefit according to the terms of the Policy.
Appears in 8 contracts
Samples: Split Dollar Agreement (Sierra Bancorp), Director Retirement Agreement, Director Retirement Agreement (Sierra Bancorp)
Amendments and Termination. 7.1 This Agreement may be amended or terminated only by a written agreement signed by the Company and the DirectorExecutive; however, this Agreement will automatically terminate if no benefit is payable to the Director Executive due to the DirectorExecutive’s Termination for Cause, Suicide or Misstatement as set forth in Article 55 or upon an Early Voluntary Termination.
Appears in 3 contracts
Samples: Salary Continuation Agreement (FCB Bancorp), Salary Continuation Agreement (FCB Bancorp), Salary Continuation Agreement (FCB Bancorp)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the Director; however, this Agreement will automatically terminate if no benefit is payable to the Director due to upon the Director’s Termination for Cause, Suicide Cause or Misstatement as set forth in Article 5Director’s suicide.
Appears in 3 contracts
Samples: Split Dollar Agreement (FCB Bancorp), Split Dollar Agreement (FCB Bancorp), Split Dollar Agreement (FCB Bancorp)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the DirectorExecutive; however, this Agreement will automatically terminate if no benefit is payable to the Director Executive due to the DirectorExecutive’s Termination for Cause, Suicide or Misstatement as set forth in Article 55 or upon an Early Voluntary Termination.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Sierra Bancorp), Salary Continuation Agreement (Sierra Bancorp)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company and the DirectorExecutive; however, this Agreement will automatically terminate if no benefit is payable to the Director Executive due to the DirectorExecutive’s Termination for Cause, Suicide or Misstatement as set forth in Article 5.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Sierra Bancorp), Salary Continuation Agreement (Sierra Bancorp)
Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Company Company, the Parent Company, and the DirectorExecutive; however, this Agreement will automatically terminate if no further benefit is payable to the Director Executive or any Beneficiary due to the Director’s Executive's Termination for Cause, Suicide suicide, or Misstatement material misstatement as set forth in Article 5.
Appears in 1 contract
Samples: Salary Continuation Agreement (Monterey Bay Bancorp Inc)
