Common use of Beneficiary Designations Clause in Contracts

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 74 contracts

Samples: Salary Continuation Agreement (Fidelity Federal Bancorp), Supplemental Executive Retirement Agreement (South Financial Group Inc), Supplemental Executive Retirement Agreement (South Financial Group Inc)

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Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 48 contracts

Samples: Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv), Continuation Agreement (Community Financial Corp /Md/), Continuation Agreement (Community Financial Corp /Md/)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 32 contracts

Samples: Amended and Restated Agreement (MBT Financial Corp), Retirement Agreement (MBT Financial Corp), Dollar Agreement (East West Bancorp Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company Bank during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 29 contracts

Samples: Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company Bank during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 27 contracts

Samples: Retirement Plan Agreement (Community Heritage Financial, Inc.), Supplemental Executive (Community Heritage Financial, Inc.), Continuation Agreement (Delhi Bank Corp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 17 contracts

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/), Continuation Agreement (Codorus Valley Bancorp Inc), Consumers National Bank (Consumers Bancorp Inc /Oh/)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company Bank during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 17 contracts

Samples: Bonus Deferral Agreement (Columbia Bancorp \Or\), Continuation Agreement (Columbia Bancorp \Or\), Bonus Deferral Agreement (Columbia Bancorp \Or\)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 16 contracts

Samples: Trust Deferred Compensation Agreement (Southern Michigan Bancorp Inc), Trust Deferred Compensation Agreement (Southern Michigan Bancorp Inc), First National (Iowa First Bancshares Corp)

Beneficiary Designations. The Executive shall designate a beneficiary or beneficiaries by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective only if signed by the Executive and accepted by the Company Bank during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 16 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Premierwest Bancorp), Supplemental Executive Retirement Plan Agreement (Premierwest Bancorp), Split Dollar Agreement (Newmil Bancorp Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetimeBank. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 12 contracts

Samples: Income Agreement (Premierwest Bancorp), Income Agreement (Premierwest Bancorp), Income Agreement (Premierwest Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary or beneficiaries by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective only if signed by the Executive and accepted by the Company Bank during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 12 contracts

Samples: Salary Continuation Agreement (First Northern Community Bancorp), Dollar Agreement (First Northern Community Bancorp), Continuation Agreement (Intermountain Community Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 12 contracts

Samples: Deferred Compensation Agreement (Temecula Valley Bancorp Inc), Deferred Compensation Agreement (Temecula Valley Bancorp Inc), Deferred Compensation Agreement (Team Financial Inc /Ks)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company Bank during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 10 contracts

Samples: Ocean City Home Bank (Ocean Shore Holding Co.), Salary Continuation Agreement (Ocean Shore Holding Co.), Supplemental Executive Retirement Agreement (Fairfield County Bank Corp.)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written beneficiary designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments or remaining payments shall be made to the Executive's estate.

Appears in 6 contracts

Samples: Continuation Agreement (First Community Financial Corp), Continuation Agreement (First Community Financial Corp), Continuation Agreement (First Community Financial Corp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company Bank during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 6 contracts

Samples: Deferred Compensation Agreement (QCR Holdings Inc), Compensation Agreement (Quad City Holdings Inc), Deferred Compensation Agreement (Quad City Holdings Inc)

Beneficiary Designations. The Executive shall designate a beneficiary an Executive Beneficiary by filing a written beneficiary designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company Bank during the Executive's ’s lifetime. The Executive's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary Executive Beneficiary predeceases the Executive, or if the Executive names a spouse as beneficiary Executive Beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designationExecutive Beneficiary, all payments which would have been paid to Executive’s Beneficiary shall be made to the Executive's ’s estate.

Appears in 6 contracts

Samples: Continuation Agreement (Bank of Commerce Holdings), Commerce Salary Continuation Agreement (Bank of Commerce Holdings), Commerce Salary Continuation Agreement (Bank of Commerce Holdings)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. 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. If the Executive dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 5 contracts

Samples: Continuation Agreement (United Security Bancshares Inc), Continuation Agreement (United Security Bancshares Inc), Continuation Agreement (United Security Bancshares Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company Bank during the Executive's ’s lifetime. The Executive's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases primary and all contingent beneficiaries predecease the Executive, or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.), Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.), Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases all designated beneficiaries (primary and contingent) predecease the Executive, or if the Executive names a spouse as beneficiary (either primary or contingent) and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 4 contracts

Samples: Continuation Agreement (Cornerstone Bancorp Inc), Continuation Agreement (Cornerstone Bancorp Inc), Continuation Agreement (Cornerstone Bancorp Inc)

Beneficiary Designations. The Executive shall designate a beneficiary Beneficiary hereunder by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's ’s lifetime. The Executive's beneficiary ’s designation shall be deemed automatically revoked if the beneficiary Beneficiary predeceases the Executive, or if the Executive names a spouse as beneficiary Beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments the Beneficiary shall be made to the Executive's ’s estate.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Lakeland Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Lakeland Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Lakeland Bancorp Inc)

Beneficiary Designations. The Executive shall designate a beneficiary or beneficiaries by filing a written designation form with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective only if signed by the Executive and accepted by the Company Bank during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (Smithtown Bancorp Inc), Supplemental Executive Retirement Agreement (Smithtown Bancorp Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing delivering a written designation with to the Company. The Executive may revoke or modify the designation at any time by filing delivering a new designation. However, designations will only be effective if signed by the Executive and accepted delivered to and received by the Company during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the personal representative of the Executive's ’s estate.

Appears in 2 contracts

Samples: Agreement (Oak Valley Bancorp), Agreement (Oak Valley Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyEmployer. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company Employer during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc), Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyEmployer. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and received, accepted and acknowledged in writing by the Company Employer during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments any benefits shall be made paid to the personal representative of the Executive's ’s estate.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc), Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyARB. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company ARB during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 2 contracts

Samples: Continuation Agreement (American River Bankshares), Continuation Agreement (American River Bankshares)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company Bank during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 2 contracts

Samples: Executive Deferred Compensation Agreement (Premierwest Bancorp), Compensation Agreement (Texas United Bancshares Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyBank. The Executive executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company Bank during the Executive's lifetime. The Executiveexecutive'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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 2 contracts

Samples: Retirement Plan Agreement (Capital Bancorp Inc), Retirement Plan Agreement (Capital Bancorp Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing filling a written designation with the Company. Said Beneficiary Designation is attached hereto, marked as Exhibit "A", and fully incorporated herein by reference. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 2 contracts

Samples: Supplemental Retirement Plan Executive Agreement (Community Valley Bancorp), Supplemental Retirement Plan Executive Agreement (Community Valley Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 2 contracts

Samples: Continuation Agreement (Southern Community Bancorp), Continuation Agreement (Southern Community Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company, in the form of Exhibit “C”, attached hereto and incorporated herein by this reference. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 1 contract

Samples: Western Sierra National (Western Sierra Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company during the Executive's ’s lifetime. The Executive's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases primary and all contingent beneficiaries predecease the Executive, or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (LaPorte Bancorp, Inc.)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company during the Executive's ’s lifetime. The Executive's executive’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (ISB Financial Corp.)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations Designations will only be effective if signed by the Executive and accepted received by the Company during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 1 contract

Samples: Continuation Agreement (Camco Financial Corp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 1 contract

Samples: Continuation Agreement (Pacific State Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company during the Executive's ’s lifetime. The Executive's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 1 contract

Samples: Lowcountry National Bank (Coastal Banking Co Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate. If the Executive's beneficiary dies prior to the receipt of all amounts payable hereunder, the remaining balance will be paid in one (1) lump sum to the beneficiary's estate.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (QCR Holdings Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by 211 filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 1 contract

Samples: Continuation Agreement (North Valley Bancorp)

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Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company Bank during the Executive's ’s lifetime. The Executive's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 1 contract

Samples: Premierwest Bank Executive Deferred Compensation Agreement (Premierwest Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyEmployer. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company Employer during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 1 contract

Samples: Retirement Agreement (Midwest Banc Holdings Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyARH. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company ARH during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 1 contract

Samples: Salary Continuation Agreement (American River Holdings)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written 262 designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 1 contract

Samples: Dollar Agreement (North Valley Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the personal representative of the Executive's ’s estate.

Appears in 1 contract

Samples: Efs Bank Supplemental Executive Retirement Agreement (Efc Bancorp Inc)

Beneficiary Designations. The Executive shall designate a beneficiary or beneficiaries by filing a written designation in the form attached as Appendix B, with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company during the Executive's ’s lifetime. The Executive's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments and distributions shall be made to the Executive's ’s estate.

Appears in 1 contract

Samples: Nonqualified Deferred Compensation Agreement (Lithia Motors Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.is

Appears in 1 contract

Samples: Conway National Bank Phantom Stock Agreement (CNB Corp /Sc/)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's ’s lifetime. The Executive's ’s beneficiary designation shall 84 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 1 contract

Samples: Continuation Agreement (Codorus Valley Bancorp Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation Beneficiary Designation Form with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted acknowledged by the Company Bank during the Executive's ’s lifetime. The Executive's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 1 contract

Samples: Compensation Agreement (PSB Holdings Inc /Wi/)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company Bank during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 1 contract

Samples: Incentive and Retirement Agreement (New South Bancshares Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will and revocation or modifications of designations shall only be effective if they are filed with the Bank as a written document, signed by the Executive and accepted by the Company Bank during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 1 contract

Samples: Continuation Agreement (Juniata Valley Financial Corp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's ’s lifetime. 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. If , if the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 1 contract

Samples: Salary Continuation Agreement (Sussex Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company Bank during the Executive's ’s lifetime. The Executive's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate. If the Executive’s beneficiary dies prior to receipt of all amounts payable hereunder, the remaining balance will be paid in one (1) lump sum to the beneficiary’s estate.

Appears in 1 contract

Samples: Compensation Agreement (QCR Holdings Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s surviving spouse, if any, and if none, to the Executive’s estate.

Appears in 1 contract

Samples: Salary Continuation Agreement (First Keystone Corp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.. 289

Appears in 1 contract

Samples: Compensation Agreement (North Valley Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary or beneficiaries by filing a written designation form with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective only if signed by the Executive and accepted by the Company Bank during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Smithtown Bancorp Inc)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 1 contract

Samples: Continuation Agreement (Orrstown Financial Services Inc)

Beneficiary Designations. The Executive shall designate a beneficiary ("Executive Beneficiary") by filing a written beneficiary designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company Bank during the Executive's lifetime. 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. If the Executive executive dies without a valid beneficiary designationbeneficiary, all payments which would have been paid to Executive Beneficiary shall be made to the Executive's estate.

Appears in 1 contract

Samples: Employment Agreement (Redding Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s surviving spouse, if any, and if none, to the Executive’s estate.

Appears in 1 contract

Samples: Continuation Agreement (First Keystone Corp)

Beneficiary Designations. The Executive shall designate a beneficiary Beneficiary by filing a written designation with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company Bank during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary Beneficiary predeceases the Executive, Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary Beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 1 contract

Samples: Peoples State Bank Executive Deferred Compensation Agreement (PSB Holdings Inc /Wi/)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation the Designation of Beneficiary form incorporated herein as Exhibit II with the CompanyBank. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations a new designation will only be effective if signed by the Executive and accepted by the Company Bank during the Executive's ’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's ’s estate.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Western Sierra Bancorp)

Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective only if signed by the Executive and accepted received by the Company during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, or if the Executive names a his spouse as beneficiary and the marriage is subsequently dissolved, or if the Executive names someone other than his spouse as beneficiary and he subsequently marries. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 1 contract

Samples: Continuation Agreement (Monterey Bay Bancorp Inc)

Beneficiary Designations. The Executive shall designate a beneficiary for purposes of Article 3 of this Agreement by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted received by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

Appears in 1 contract

Samples: Continuation Agreement (Tri County Financial Corp /Md/)

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