DIVISION OF DEATH PROCEEDS. The Company shall be entitled to the death proceeds of the Policy except that, subject to Paragraph VII herein, beneficiaries designated by the Insured in accordance with Paragraph III, shall be entitled to a split dollar share of the death proceeds.
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Samples: Dollar Agreement (Mountain Bank Holding Co), Method Split Dollar Agreement (Americanwest Bancorporation), Dollar Agreement (Columbia Banking System Inc)
DIVISION OF DEATH PROCEEDS. Subject to Paragraph VII herein, The Company shall be entitled to the death proceeds of the Policy Policy, except that, subject to Paragraph VII herein, that beneficiaries designated by the Insured in accordance with Paragraph III, shall be entitled to a split dollar share of the death proceeds.share, calculated as follows:
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