Covenant Not to Interfere. The Executive agrees not to take any action which prevents the Employer from collecting the proceeds of any life insurance policy which the Employer may happen to own at the time of the Executive’s death and of which the Employer is the designated beneficiary.
Appears in 17 contracts
Samples: Executive Salary Continuation Agreement (United Security Bancshares), Executive Salary Continuation Agreement (Plumas Bancorp), Salary Continuation Agreement (1st Centennial Bancorp)
Covenant Not to Interfere. The Executive agrees not to take any action which prevents the Employer from collecting the proceeds of any life insurance policy or annuity which the Employer or the trust described in section 4 may happen to own at the time of the Executive’s 's Retirement or death and of which the Employer is the designated beneficiary.
Appears in 2 contracts
Samples: Executive Salary Continuation Agreement (San Joaquin Bancorp), Executive Salary Continuation Agreement (San Joaquin Bancorp)
Covenant Not to Interfere. The Executive agrees not to take any action which prevents the Employer from collecting the proceeds of any life insurance policy or annuity which the Employer or the trust described in Section 5 may happen to own at the time of the Executive’s ' s Retirement or death and of which the Employer is the designated beneficiary.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (San Joaquin Bancorp)
Covenant Not to Interfere. The Executive agrees not to take any action which prevents the Employer from collecting the proceeds of any life insurance policy which the Employer may happen to own at the time of the Executive’s death and of which the Employer is the designated beneficiary. ARTICLE XV.
Appears in 1 contract
Covenant Not to Interfere. The Executive agrees not to take any action which prevents the Employer from collecting the proceeds of any life insurance policy or annuity which the Employer or the trust described in Section 5 may happen to own at the time of the Executive’s 's Retirement or death and of which the Employer is the designated beneficiary.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (San Joaquin Bancorp)
Covenant Not to Interfere. The Executive agrees not to take any action which prevents the Employer from collecting the proceeds of any life insurance policy which the Employer may happen to own at the time of the Executive’s 's death and of which the Employer is the designated beneficiary. 11.
Appears in 1 contract
Samples: Employment Agreement (Commerce Security Bancorp Inc)
