Dividend Option. All dividends declared by the Insurer on the Policy --------------- shall be applied to purchase additional paid-up life insurance on the life of the Executive. The dividend option will not be changed without Executive's written consent.
Appears in 3 contracts
Samples: Executive Split Dollar Life Insurance Agreement (Pocahontas Bankshares Corp), Executive Split Dollar Life Insurance Agreement (Pocahontas Bankshares Corp), Executive Split Dollar Life Insurance Agreement (First Century Bankshares Inc)
Dividend Option. All dividends declared by the Insurer on the Policy shall --------------- shall be applied to purchase additional paid-up life insurance on the life of the Executive. The dividend option will not be changed without Executive's written consent.
Appears in 2 contracts
Samples: Executive Split Dollar Life Insurance Agreement (First Century Bankshares Inc), Executive Split Dollar Life Insurance Agreement (First Century Bankshares Inc)
Dividend Option. All dividends declared by the Insurer on the Policy --------------- shall be applied to purchase additional paid-up life insurance on the life of the Executive. The dividend option will not be changed without Executive's ’s written consent.
Appears in 2 contracts
Samples: Executive Split Dollar Life Insurance Agreement (First Century Bankshares Inc), Executive Split Dollar Life Insurance Agreement (First Century Bankshares Inc)
Dividend Option. All dividends declared by the Insurer on the --------------- Policy --------------- shall be applied to purchase additional paid-up life insurance on the life of the Executive. The dividend option will not be changed without Executive's written consent.
Appears in 2 contracts
Samples: Executive Split Dollar Life Insurance Agreement (Pocahontas Bankshares Corp), Executive Split Dollar Life Insurance Agreement (Pocahontas Bankshares Corp)
Dividend Option. All dividends declared by the Insurer on the Policy --------------- shall be applied to purchase additional paid-up life insurance on the life of the Executive. The dividend option will , provided that such additional insurance shall not be changed without Executive's written consentincrease the Executive Death Benefit.
Appears in 1 contract
Samples: Executive Split Dollar Life Insurance Agreement (Fauquier Bankshares Inc)
Dividend Option. All dividends declared by the Insurer on the Policy --------------- shall be applied to purchase additional paid-paid up life insurance on the life of Executive until such option is changed by mutual agreement of the Company and Executive. The dividend option will not be changed without Executive's written consent.
Appears in 1 contract
Samples: Executive Split Dollar Life Insurance Agreement (Jefferson Bankshares Inc)
