Common use of Contingency for Payment Clause in Contracts

Contingency for Payment. The Bank will pay the benefits from its general assets, but only so long as one of the Bank’s general assets is an enforceable life insurance policy on the Director’s life that was issued by Massachusetts Mutual Life Insurance Company and Midland National Life Insurance Company.

Appears in 5 contracts

Samples: Director Survivor Income Agreement (Wilson Bank Holding Co), Director Survivor Income Agreement (Wilson Bank Holding Co), Director Survivor Income Agreement (Wilson Bank Holding Co)

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Contingency for Payment. The Bank will pay the benefits from its general assets, but only so long as one of the Bank’s general assets is an enforceable life insurance policy on the DirectorExecutive’s life that was issued by Massachusetts Mutual Life Insurance Company and Midland National Life Insurance Company.

Appears in 4 contracts

Samples: Executive Survivor Income Agreement (Wilson Bank Holding Co), Executive Survivor Income Agreement (Wilson Bank Holding Co), Executive Survivor Income Agreement (Wilson Bank Holding Co)

Contingency for Payment. The Bank will pay the benefits from its general assets, but only so long as one of the Bank’s general assets is an enforceable life insurance policy on the DirectorExecutive’s life that was issued by Massachusetts Mutual Life Insurance Company and Midland National North American Company for Life Insurance Companyand Health Insurance.

Appears in 1 contract

Samples: Executive Survivor Income Agreement (Wilson Bank Holding Co)

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Contingency for Payment. The Bank will pay the benefits from its general assets, but only so long as one of the Bank’s general assets is an enforceable life insurance policy on the Director’s life that was issued by Massachusetts Mutual Life Insurance Company and or Midland National Life Insurance Company.

Appears in 1 contract

Samples: Director Survivor Income Agreement (Wilson Bank Holding Co)

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