Common use of Basis of Payment of Benefits Clause in Contracts

Basis of Payment of Benefits. Direct payment by the Insurer is the basis of payment of benefits under this Agreement, with those benefits in turn being based on the payment of premiums as provided in this Agreement.

Appears in 139 contracts

Samples: Life Insurance Split Dollar Endorsement Method Agreement (Central Valley Community Bancorp), Endorsement Method Split Dollar Plan Agreement (Old Point Financial Corp), Endorsement Method Split Dollar Plan Agreement (Lyons Bancorp Inc)

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Basis of Payment of Benefits. Direct payment by the Insurer is the The basis of payment of benefits under this Agreement, with those benefits in turn being based on Agreement is direct payment by the payment of premiums as provided in this AgreementInsurer.

Appears in 9 contracts

Samples: Life Insurance Endorsement Method Split Dollar Agreement (Central Valley Community Bancorp), Life Insurance Endorsement Method Split Dollar Agreement (Central Valley Community Bancorp), Life Insurance Endorsement Method Split Dollar Agreement (Central Valley Community Bancorp)

Basis of Payment of Benefits. Direct payment by the Insurer is the basis of payment of benefits under this Agreement, with those benefits in turn being based on the payment of premiums as provided in this Agreement, and the terms of this Agreement and the existence of the Policy(ies).

Appears in 2 contracts

Samples: Joint Beneficiary Agreement (Columbia Banking System, Inc.), Joint Beneficiary Agreement (Columbia Banking System, Inc.)

Basis of Payment of Benefits. Direct payment by the Insurer is the basis of for payment of benefits under this AgreementPlan, with those benefits in turn being based on the payment of premiums as provided for in this AgreementPlan.

Appears in 2 contracts

Samples: Split Dollar Plan Agreement (Percon Inc), Split Dollar Plan Agreement (Percon Inc)

Basis of Payment of Benefits. Direct payment by the Insurer is the basis of payment of benefits under this Agreement, with those benefits in turn being based on the payment of premiums as provided in this Agreement.. C.

Appears in 2 contracts

Samples: Joint Beneficiary Designation Agreement (South Plains Financial, Inc.), Joint Beneficiary Designation Agreement (South Plains Financial, Inc.)

Basis of Payment of Benefits. Direct direct payment by the Insurer is the basis of payment of benefits under this Agreement, with those benefits in turn being based on the payment of premiums as provided in this Agreement.

Appears in 1 contract

Samples: Executive Supplemental Retirement Plan (CCF Holding Co)

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Basis of Payment of Benefits. Direct payment by the Insurer Insurers is the basis of for payment of benefits under this Split Dollar Agreement, with those benefits in turn being based on the payment of premiums as provided in this Split Dollar Agreement.

Appears in 1 contract

Samples: Director Retirement Agreement (American River Bankshares)

Basis of Payment of Benefits. Direct payment by the Insurer is the basis of payment of benefits under this Agreement, with those benefits in turn being based on the payment of premiums as provided in this Agreement.. ·

Appears in 1 contract

Samples: Endorsement Method Split Dollar Plan Agreement (Heritage NOLA Bancorp, Inc.)

Basis of Payment of Benefits. Direct payment by the Insurer is the basis of payment of benefits under this Agreement, with those benefits in m turn being based on the payment of premiums as provided in this Agreement.

Appears in 1 contract

Samples: Joint Beneficiary Designation Agreement (Meridian Interstate Bancorp Inc)

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