Bank’s Interest. The Bank shall own the Policy and shall have the right to exercise all incidents of ownership, except as limited herein. The Bank shall be the beneficiary of the remaining death proceeds of the Policy after the Executive’s Interest is determined according to Section 2.2 below.
Appears in 8 contracts
Samples: Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.), Endorsement Split Dollar Life Insurance Agreement (Commercial Bancshares Inc \Oh\), Endorsement Split Dollar Life Insurance Agreement (Union Bankshares Inc)
Bank’s Interest. The Bank shall own the Policy Policies and shall have the right to exercise all incidents of ownershipownership and, except as limited hereinsubject to Article 4, the Bank may terminate a Policy without the consent of the Executive. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the Executive’s Interest is determined according to Section 2.2 below.
Appears in 7 contracts
Samples: Dollar Agreement, Split Dollar Agreement (Sierra Bancorp), Supplemental Life Insurance Agreement (Illini Corp)
Bank’s Interest. The Bank shall own the Policy Policies and shall have the right to exercise all incidents of ownership, except as limited herein. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the Executive’s 's Interest is determined according to Section 2.2 below.
Appears in 5 contracts
Samples: Dollar Life Insurance Agreement (ESSA Bancorp, Inc.), Dollar Life Insurance Agreement (ESSA Bancorp, Inc.), Dollar Life Insurance Agreement (ESSA Bancorp, Inc.)
Bank’s Interest. The Bank shall own the Policy and shall have the right to exercise all incidents of ownership, ownership except as limited herein. The Bank shall be the beneficiary of the remaining death proceeds of the Policy after the Executive’s Interest is determined and paid according to Section 2.2 below.
Appears in 3 contracts
Samples: Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.), Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.), Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.)
Bank’s Interest. The Bank shall own the Policy Policies and shall have the right to exercise all incidents of ownership, except as limited hereinand the Bank may terminate a Policy without the consent of the Executive. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the Executive’s Interest is determined according to Section 2.2 below2.2.
Appears in 3 contracts
Samples: Endorsement Split Dollar Insurance Agreement (SBT Bancorp, Inc.), Supplemental Life Insurance Agreement (Ameriana Bancorp), Supplemental Life Insurance Agreement (River Valley Bancorp)
Bank’s Interest. The Bank shall own the Policy Policies and shall have the right to exercise all incidents of ownership, except as limited herein. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the Executive’s Interest is determined according to Section 2.2 below.
Appears in 2 contracts
Samples: Endorsement Split Dollar (ESSA Bancorp, Inc.), Endorsement Split Dollar (ESSA Bancorp, Inc.)
Bank’s Interest. The Bank shall own the Policy Policies and shall have the right to exercise all incidents of ownership, except as limited hereinincluding the right to terminate the Policy(ies) without the consent of the Executive. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the Executive’s Interest is determined according to Section 2.2 below.
Appears in 2 contracts
Samples: Pacific State Bank Split Dollar Life Insurance Agreement (Pacific State Bancorp), Split Dollar Life Insurance Agreement (FNB Bancorp/Ca/)
Bank’s Interest. The Bank shall own the Policy Policies and shall have the right to exercise all incidents of ownership, except as limited hereinand the Bank may terminate a Policy without the consent of the Director. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the ExecutiveDirector’s Interest is determined according to Section 2.2 below2.2.
Appears in 1 contract
Samples: Supplemental Life Insurance Agreement (Ameriana Bancorp)
Bank’s Interest. The Bank shall own be the Policy sole owner of the Policies and shall have the right to exercise all incidents of ownership, except as limited herein. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the Executive’s Interest is determined according to Section 2.2 below.
Appears in 1 contract
Bank’s Interest. The Bank shall own the Policy Policies and shall have the right to exercise all incidents of ownership, except as limited herein. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the Executive’s Interest is determined according to Section 2.2 below.. THE LXXXX NATIONAL BANK ENDORSEMENT SPLIT DOLLAR LIFE INSURANCE AGREEMENT
Appears in 1 contract
Samples: Endorsement Split Dollar Life Insurance Agreement (Lyons Bancorp Inc)
Bank’s Interest. The Bank shall own the Policy and shall have the right to exercise all incidents of ownership, except as limited herein. The Bank shall be the beneficiary of the remaining death proceeds of the Policy after the ExecutiveDirector’s Interest is determined according to Section 2.2 below.
Appears in 1 contract
Samples: Endorsement Split Dollar Life Insurance Agreement (Heritage NOLA Bancorp, Inc.)
Bank’s Interest. The Bank shall own the Policy Policies and shall have the right to exercise all incidents of ownership, except as limited herein. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the Executive’s Interest is determined according to Section 2.2 below.. THE LYXXX XATIONAL BANK Endorsement Split Dollar Life Insurance Agreement
Appears in 1 contract
Samples: Dollar Life Insurance Agreement (Lyons Bancorp Inc)
Bank’s Interest. The Bank shall own the Policy Policies and shall have the right to exercise all incidents of ownership, except as limited hereinownership and may terminate a Policy without the consent of the Director. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the ExecutiveDirector’s Interest is determined according to Section 2.2 2.2, below.
Appears in 1 contract
Samples: Split Dollar Life Insurance Agreement (Alamogordo Financial Corp)
Bank’s Interest. The Bank shall own the Policy Policies and shall have the right to exercise all incidents of ownership, except as limited herein. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the Executive’s 's Interest is determined according to Section 2.2 or 2.3 below.
Appears in 1 contract
Samples: Dollar Agreement (First Citizens Bancshares Inc /Tn/)
Bank’s Interest. The Bank shall own the Policy Policies and shall have the right to exercise all incidents of ownership, except as limited hereinownership and may terminate a Policy without the consent of the Executive. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the Executive’s Interest is determined according to Section 2.2 2.2, below.
Appears in 1 contract
Samples: Split Dollar Life Insurance Agreement (Alamogordo Financial Corp)
Bank’s Interest. The Bank shall own the Policy Policies and shall have the right to exercise all incidents of ownership, except as limited hereinincluding the right to terminate the Policy(ies) without the consent of the Director. The Bank shall be the beneficiary of the remaining death proceeds of the Policy Policies after the ExecutiveDirector’s Interest is determined according to Section 2.2 below.
Appears in 1 contract
Samples: Split Dollar Life Insurance Agreement (Temecula Valley Bancorp Inc)
