Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.
Appears in 78 contracts
Samples: Middlefield Banking Company (Middlefield Banc Corp), Middlefield Banking Company (Middlefield Banc Corp), Middlefield Banking Company (Middlefield Banc Corp)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.
Appears in 39 contracts
Samples: Salary Continuation Agreement (United Bancshares Inc/Oh), Supplemental Life Insurance Agreement (Bank of Commerce Holdings), Salary Continuation Agreement (Westbury Bancorp, Inc.)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.
Appears in 37 contracts
Samples: Executive Incentive Retirement Plan (Sterling Bancorp, Inc.), Executive Centive Retirement Plan (Sterling Bancorp, Inc.), Sterling Bancorp, Inc.
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator Bank or its designated agent. The Executive’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan AdministratorBank’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator Bank of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator Bank shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before Bank prior to the Executive’s death.
Appears in 21 contracts
Samples: Supplemental Life Insurance Agreement (PFS Bancorp, Inc.), Split Dollar Life Insurance Agreement (Sandy Spring Bancorp Inc), Dollar Agreement
Beneficiary Designation: Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The ExecutiveDirector’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before prior to the ExecutiveDirector’s death.
Appears in 14 contracts
Samples: Director Retirement Agreement (Mercer Bancorp, Inc.), Director Retirement Agreement (Mercer Bancorp, Inc.), Director Deferred Fee Agreement
Beneficiary Designation: Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The ExecutiveDirector’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before prior to the ExecutiveDirector’s death.
Appears in 13 contracts
Samples: Director Retirement Agreement (Peoples Federal Bancshares, Inc.), Director Retirement Agreement (Peoples Federal Bancshares, Inc.), Director Retirement Agreement (Peoples Federal Bancshares, Inc.)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.
Appears in 13 contracts
Samples: Supplemental Salary Continuation Agreement (Investar Holding Corp), Supplemental Salary Continuation Agreement (Investar Holding Corp), 2018 Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.)
Beneficiary Designation: Change. The Executive Executives shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.
Appears in 10 contracts
Samples: Salary Continuation Agreement (Orrstown Financial Services Inc), Salary Continuation Agreement (Orrstown Financial Services Inc), Salary Continuation Agreement (Orrstown Financial Services Inc)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator Company or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s Company's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator Company of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator Company shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before Company prior to the Executive’s 's death.
Appears in 8 contracts
Samples: Supplemental Life Insurance Agreement (West Pointe Bancorp Inc), Split Dollar Endorsement Agreement (Heartland Bancshares Inc /In/), Dollar Endorsement Agreement (Heartland Bancshares Inc /In/)
Beneficiary Designation: Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The ExecutiveDirector’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before the ExecutiveDirector’s death.
Appears in 8 contracts
Samples: Director Retirement Agreement (Carolina Bank Holdings Inc), Director Retirement Agreement (Carolina Bank Holdings Inc), Director Retirement Agreement (Carolina Bank Holdings Inc)
Beneficiary Designation: Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The ExecutiveDirector’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the ExecutiveDirector’s death.
Appears in 8 contracts
Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Amended Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Amended Director Retirement Agreement (Cortland Bancorp Inc)
Beneficiary Designation: Change. The Executive Executives shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.
Appears in 8 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Emclaire Financial Corp), Supplemental Executive Retirement Agreement (SCBT Financial Corp), Supplemental Executive Retirement Agreement (SCBT Financial Corp)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.
Appears in 7 contracts
Samples: Supplemental Executive Retirement Agreement (Home Federal Bancorp), Retirement Income Agreement (Home Federal Bancorp), Salary Continuation Agreement (Nexity Financial Corp)
Beneficiary Designation: Change. The Executive A Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The ExecutiveDirector’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary beneficiary and the marriage is subsequently dissolved. The Executive A Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before prior to the ExecutiveDirector’s death.
Appears in 7 contracts
Samples: Director Deferred Fee Agreement (Penns Woods Bancorp Inc), Director Deferred Fee Agreement (Penns Woods Bancorp Inc), Director Deferred Fee Agreement (Penns Woods Bancorp Inc)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form (including the signature of two witnesses), and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.
Appears in 6 contracts
Samples: Employment Agreement (1st United Bancorp, Inc.), Employment Agreement (1st United Bancorp, Inc.), Retirement Plan Agreement (1st United Bancorp, Inc.)
Beneficiary Designation: Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary Director's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before prior to the ExecutiveDirector’s death.
Appears in 5 contracts
Samples: Director Retirement Agreement (Mercer Bancorp, Inc.), Director Deferred Compensation Agreement (Sussex Bancorp), Director Deferred Fee Agreement (Home Federal Bancorp)
Beneficiary Designation: Change. The Executive shall designate designates a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed is automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to may change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be are cancelled. The Plan Administrator shall be is entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.
Appears in 5 contracts
Samples: Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc)
Beneficiary Designation: Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The ExecutiveDirector’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before the ExecutiveDirector’s death.
Appears in 5 contracts
Samples: Income Deferral Agreement (Cape Fear Bank CORP), Income Deferral Agreement (Cape Fear Bank CORP), Income Deferral Agreement (Cape Fear Bank CORP)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s 's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.
Appears in 5 contracts
Samples: Salary Continuation Agreement (Redwood Empire Bancorp), Continuation Agreement (Appalachian Bancshares Inc), Salary Continuation Agreement (Redwood Empire Bancorp)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator Company or its designated agent. The Executive’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan AdministratorCompany’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator Company of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator Company shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before Company prior to the Executive’s death.
Appears in 4 contracts
Samples: Supplemental Life Insurance Agreement (Community Financial Corp /Md/), Supplemental Life Insurance Agreement (Greer Bancshares Inc), Supplemental Life Insurance Agreement (Cooperative Bankshares Inc)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s 's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s 's death.
Appears in 4 contracts
Samples: Westbury Bank Salary Continuation Agreement (Westbury Bancorp, Inc.), Salary Continuation Agreement (Synovus Financial Corp), Salary Continuation Agreement (Community Financial Corp /Va/)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s 's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s 's death.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Greenville First Bancshares Inc), Southcoast Community Bank Salary Continuation Agreement (Southcoast Financial Corp), Continuation Agreement (Southcoast Financial Corp)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s =s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s =s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s =s death.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Crescent Financial Corp), Salary Continuation Agreement (Crescent Financial Corp), Salary Continuation Agreement (Crescent Financial Corp)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.
Appears in 2 contracts
Samples: Continuation Agreement (CBTX, Inc.), Executive Employment Agreement (CBTX, Inc.)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Home Federal Bancorp, Inc.), Continuation Agreement (Home Federal Bancorp, Inc.)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the a new Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.
Appears in 2 contracts
Samples: Executive Deferred Incentive Agreement (Territorial Bancorp Inc.), Executive Deferred Incentive Agreement (Territorial Bancorp Inc.)
Beneficiary Designation: Change. The Executive Executives shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Executives shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.
Appears in 2 contracts
Samples: Continuation Agreement (National Bankshares Inc), Continuation Agreement (National Bankshares Inc)
Beneficiary Designation: Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Director's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before prior to the Executive’s Director's death.
Appears in 2 contracts
Samples: Director Retirement Agreement (Independent Bank Corp), Community Bank Director Retirement Agreement (Community Financial Corp /Va/)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelledcanceled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Investar Holding Corp), Salary Continuation Agreement (Investar Holding Corp)
Beneficiary Designation: Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The ExecutiveDirector’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before prior to the ExecutiveDirector’s death.
Appears in 1 contract
Samples: Director Deferred Fee Agreement (Madison County Financial, Inc.)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s 's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s 's death.. 6
Appears in 1 contract
Samples: Southern Michigan Bancorp Inc
Beneficiary Designation: Change. The Executive shall designate a ------------------------------ Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s 's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s 's death.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Cooperative Bankshares Inc)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator Company or its designated agent. The Executive’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan AdministratorCompany’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator Company of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall Company s hall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before Company prior to the Executive’s death.
Appears in 1 contract
Samples: Insurance Agreement (Community Financial Corp /Md/)
Beneficiary Designation: Change. The Executive Directors shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary Director's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before prior to the ExecutiveDirector’s death.
Appears in 1 contract
Samples: Director Deferred Compensation Agreement (Sussex Bancorp)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s 's death.
Appears in 1 contract
Beneficiary Designation: Change. The Executive shall designate a ----------------------------------- Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s 's death.
Appears in 1 contract
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.
Appears in 1 contract
Samples: Supplemental Compensation (Temecula Valley Bancorp Inc)
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and signing arid otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, Form all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s 's death.
Appears in 1 contract
Beneficiary Designation: Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator plan administrator or its designated agent. The ExecutiveDirector’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administratorplan administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator plan administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator plan administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before plan administrator prior to the ExecutiveDirector’s death.
Appears in 1 contract
Samples: 2005 Director Deferred Fee Agreement (Luxemburg Bancshares Inc)
Beneficiary Designation: Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The ExecutiveDirector’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before prior to the ExecutiveDirector’s death.. FORM OF MALVERN FEDERAL SAVINGS BANK Director Retirement Plan Agreement
Appears in 1 contract
Samples: Retirement Plan Agreement (Malvern Federal Bancorp Inc)
Beneficiary Designation: Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary Director's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before prior to the Executive’s Director's death.
Appears in 1 contract
Samples: Ohio Valley Banc Corp
Beneficiary Designation: Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.
Appears in 1 contract
Beneficiary Designation: Change. The Executive Officer shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The ExecutiveOfficer’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Officer or if the Executive Officer names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Officer shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Officer and accepted by the Plan Administrator before the ExecutiveOfficer’s death.
Appears in 1 contract
Samples: Salary Continuation Agreement (Midcarolina Financial Corp)
