Common use of Comparable Coverage Clause in Contracts

Comparable Coverage. Upon execution of this Agreement, the Bank shall maintain the Policy in full force and effect and in no event shall the Bank amend, terminate or otherwise abrogate the Director’s interest in the Policy. However, the Bank may replace the Policy with a comparable insurance policy to cover the benefit provided under this Agreement. The Policy or any comparable policy shall be subject to the claims of the Bank’ creditors.

Comparable Coverage. Upon execution of this Agreement, the Bank shall maintain the Policy in full force and effect effect, and in no event shall the Bank shall not amend, terminate or otherwise abrogate the Director’s 's interest in the Policy. However, Policy unless the Bank may replace (a) replaces the Policy with a comparable insurance policy to cover the benefit provided under this AgreementSplit Dollar Agreement and (b) executes a new Split Dollar Agreement and Endorsement for the comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Bank’ 's creditors.

Comparable Coverage. Upon execution of this Agreement, the Bank shall maintain the Policy in full force and effect and in no event shall the Bank amend, terminate or otherwise abrogate the DirectorTrustee’s interest in the Policy. However, the Bank may replace the Policy with a comparable insurance policy to cover the benefit provided under this Agreement. The Policy or any comparable policy shall be subject to the claims of the Bank’ creditors.

Comparable Coverage. Upon execution of this Agreement, the Bank shall maintain the Policy in full force and effect effect, and in no event shall the Bank shall not amend, terminate or otherwise abrogate the Director’s Trust's interest in the Policy. However, Policy unless the Bank may replace (a) replaces the Policy with a comparable insurance policy to cover the benefit provided under this AgreementSplit Dollar Agreement and (b) executes a new Split Dollar Agreement and Endorsement for the comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Bank’ 's creditors.

Comparable Coverage. Upon execution of this Agreement, the Bank shall maintain the Policy in full force and effect and in no event shall the Bank amend, terminate or otherwise abrogate the Director’s Executive's interest in the Policy. However, unless the Bank may replace replaces the Policy with a comparable insurance policy to cover the benefit provided under this AgreementAgreement and the Bank and the Executive execute a new Split Dollar Policy Endorsement for said comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Bank’ 's creditors.

Comparable Coverage. Upon From and after the execution of this Agreement, the Bank shall maintain the Policy Policies in full force and effect and in no event shall the Bank amend, terminate or otherwise abrogate the DirectorExecutive’s interest Interest in the Policy. HoweverPolicies, unless the Bank may replace replaces the Policy Policies with a comparable insurance policy Policies to cover the benefit provided under this Agreement. The Policy or any comparable policy shall be subject to the claims of the Bank’ creditors.