Death Prior to Separation from Service. If the Director dies prior to Separation from Service, the Beneficiary shall be entitled to a benefit equal to One Hundred Thousand Dollars ($100,000), provided that such benefit shall not exceed the Net Death Proceeds.
Appears in 6 contracts
Samples: Split Dollar Life Insurance Agreement (Investors Bancorp Inc), Split Dollar Life Insurance Agreement (Investors Bancorp Inc), Split Dollar Life Insurance Agreement (Investors Bancorp Inc)
Death Prior to Separation from Service. If the Director Employee dies prior to Separation from Service, the Beneficiary shall be entitled to a benefit equal to One Hundred Thousand Dollars ($100,000); provided however, provided that such benefit shall not exceed the Net Death Proceeds.
Appears in 3 contracts
Samples: Split Dollar Life Insurance Agreement (SBT Bancorp, Inc.), Split Dollar Life Insurance Agreement (SBT Bancorp, Inc.), Split Dollar Life Insurance Agreement (SBT Bancorp, Inc.)
Death Prior to Separation from Service. If the Director dies prior to Separation from Service, the Beneficiary shall be entitled to a benefit equal to One Hundred Thousand Dollars eighty percent ($100,000), provided that such benefit shall not exceed 80%) of the Net Death Proceeds.
Appears in 2 contracts
Samples: Split Dollar Agreement (First Community Financial Corp), Split Dollar Agreement (First Community Financial Corp)
Death Prior to Separation from Service. If the Director dies prior to Separation from Service, the Beneficiary shall be entitled to a benefit equal to One Hundred Thousand Dollars one hundred percent ($100,000), provided that such benefit shall not exceed 100%) of the Net Death Proceeds.Proceeds (if any). BANK’34 Split Dollar Life Insurance Agreement
Appears in 1 contract
Samples: Split Dollar Life Insurance Agreement (Alamogordo Financial Corp)
