Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estate.
Appears in 13 contracts
Samples: First United Security Bank Director Retirement Agreement (United Security Bancshares Inc), First United Security Bank Director Retirement Agreement (United Security Bancshares Inc), First United Security Bank Director Retirement Agreement (United Security Bancshares Inc)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted received by the Company during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 12 contracts
Samples: Director Deferred Fee Agreement (Madison County Financial, Inc.), Director Deferred Fee Agreement (Madison County Financial, Inc.), Director Deferred Fee Agreement (Madison County Financial, Inc.)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estate.
Appears in 12 contracts
Samples: Year Agreement (Standard Financial Corp.), Director Deferred Fee Agreement (Tib Financial Corp.), Deferred Fee Agreement (Acnb Corp)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted received by the Company during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 10 contracts
Samples: Dollar Agreement, www.sec.gov, Director Retirement Agreement (Sierra Bancorp)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company Bank during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 7 contracts
Samples: Riverview National Bank (Riverview Financial Corp), Riverview Bank (Riverview Financial Corp), Director Emeritus Agreement (Riverview Financial Corp)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if and only if signed by the Director and accepted received by the Company Bank during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 6 contracts
Samples: Income Deferral Agreement (Bank of Wilmington CORP), Income Deferral Agreement (Bank of Wilmington CORP), Income Deferral Agreement (Bank of Wilmington CORP)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written beneficiary designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estate.
Appears in 6 contracts
Samples: Fee Agreement (First Community Financial Corp), Fee Agreement (First Community Financial Corp), Fee Agreement (First Community Financial Corp)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted acknowledged by the Company during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 6 contracts
Samples: Director Deferred Fee Agreement (Premier Commercial Bancorp), Director Deferred Fee Agreement (Community Capital Corp /Sc/), Lowcountry National Bank (Coastal Banking Co Inc)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted received by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estate.
Appears in 5 contracts
Samples: Agreement (Plumas Bancorp), Agreement (Cooperative Bankshares Inc), Retirement Agreement (Ohio Valley Banc Corp)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify modi1~y the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted received by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the , lithe Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estateestate shall be the beneficiary.
Appears in 5 contracts
Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Director Retirement Agreement (Cortland Bancorp Inc)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted received by the Company Bank during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 5 contracts
Samples: Director Deferred Compensation Agreement (Newmil Bancorp Inc), 2007 Director Deferred Compensation Agreement (Premierwest Bancorp), Director Deferred Compensation Agreement (Newmil Bancorp Inc)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted received by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estateestate shall be the beneficiary.
Appears in 3 contracts
Samples: Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Director Retirement Agreement (Cortland Bancorp Inc)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 3 contracts
Samples: Year Agreement (Standard Financial Corp.), Director Deferred Fee Agreement (Fairfield County Bank Corp.), Director Deferred Fee Agreement (First Georgia Community Corp)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 2 contracts
Samples: First United Security Bank (United Security Bancshares Inc), First United Security Bank (United Security Bancshares Inc)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company Bank during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estate.
Appears in 2 contracts
Samples: Deferred Fee Agreement (California Independent Bancorp), Director Indexed Retirement Agreement (Home Federal Bancorp Inc)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will and revocations or modifications of designations shall only be effective if they are filed with the Bank as a written document, signed by the Director and accepted by the Company Bank during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 2 contracts
Samples: Director Retirement Agreement (Esb Financial Corp), Director Retirement Agreement (Esb Financial Corp)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted received and approved by the Company Bank during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 2 contracts
Samples: Director Deferred Fee Agreement (SI Financial Group, Inc.), Savings Institute (SI Financial Group, Inc.)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted acknowledged by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estate.
Appears in 2 contracts
Samples: Community Bank Director Deferred Fee Agreement (Community Financial Corp /Va/), Director Deferred Fee Agreement (Luxemburg Bancshares Inc)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyCorporation. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will and revocations or modifications of designations shall only be effective if they are filed with the Corporation as a written document, signed by the Director and accepted by the Company Corporation during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 2 contracts
Samples: Director Retirement Agreement (Esb Financial Corp), Director Retirement Agreement (Esb Financial Corp)
Beneficiary Designations. The Director shall designate a beneficiary Beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted received by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary Beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary Beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estateestate shall be the Beneficiary.
Appears in 1 contract
Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company bank during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 1 contract
Samples: Director Emeritus Agreement (First Perry Bancorp, Inc)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted received by the Company Bank during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estate.
Appears in 1 contract
Samples: Dutchfork Bancshares Inc
Beneficiary Designations. The Director shall may designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted received by the Company during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's ’s estate.
Appears in 1 contract
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if and only if signed by the Director and accepted received by the Company Bank during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estate.
Appears in 1 contract
Samples: Income Deferral Agreement (Capital Corp of the West)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if is signed by the Director and accepted by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments payment shall be made to the Director's estate.
Appears in 1 contract
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyCorporation. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will and revocations or modifications of designations shall only be effective if they are filed with the Corporation as a written document, signed by the Director and accepted by the Company Corporation during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estate.
Appears in 1 contract
Beneficiary Designations. The Director shall designate a beneficiary by filing delivering a written designation with to the Company. The Director 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 Director and accepted delivered to and received by the Company during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the personal representative of the Director's ’s estate.
Appears in 1 contract
Samples: Agreement (Oak Valley Bancorp)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director 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 Director and accepted by the Company Bank during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estate.
Appears in 1 contract
Samples: 2001 Directors Retirement Agreement (Juniata Valley Financial Corp)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by 5 filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estate.
Appears in 1 contract
Samples: Trust Director Deferred Fee Agreement (Southern Michigan Bancorp Inc)
Beneficiary Designations. The Director shall designate a beneficiary or beneficiaries by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted received by the Company during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments and distributions shall be made to the Director's ’s estate.
Appears in 1 contract
Samples: Nonqualified Deferred Compensation Agreement (Lithia Motors Inc)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estateheirs.
Appears in 1 contract
Samples: Deferred Incentive Agreement (Home Federal Bancorp Inc)
Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted received by the Company Bank during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the Director's estate.. 4.2
Appears in 1 contract
Samples: www.sec.gov
Beneficiary Designations. The Director shall designate a beneficiary by filing delivering a written designation with to the Company. The Director 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 Director and accepted delivered to and received by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, Director or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies with no beneficiary designation or without a valid beneficiary designation, all payments shall be made to the personal representative of the Director's estate.
Appears in 1 contract