Common use of Coverage under this Agreement for the Clause in Contracts

Coverage under this Agreement for the. Insured who terminates employment with the Bank (for reasons other than death) prior to completion of not less than ten (10) years of service with the Bank (and prior to the occurrence of a Change in Control, as defined below) will cease on his last day of employment with the Bank.

Appears in 3 contracts

Samples: Split Dollar Life Insurance Agreement (Atlantic Coast Federal Corp), Split Dollar Life Insurance Agreement (Atlantic Coast Federal Corp), Split Dollar Life Insurance Agreement (Atlantic Coast Federal Corp)

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Coverage under this Agreement for the. Insured who terminates employment with the Bank (for reasons other than death) prior to completion of not less than ten (10) years of service with the Bank measured from the Effective Date (and prior to the occurrence of a Change in Control, as defined below) will cease on his last day of employment with the Bank.

Appears in 2 contracts

Samples: Split Dollar Life Insurance Agreement (Atlantic Coast Federal Corp), Split Dollar Life Insurance Agreement (Atlantic Coast Federal Corp)

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