Forfeiture of Benefit. The Executive will forfeit his or her benefit if: (i) the Executive violates any of the provisions detailed in Article 5; or (ii) the Executive provides written notice to the Bank declining further participation in the Agreement.
Appears in 3 contracts
Samples: Old Line Bancshares Inc, Old Line Bancshares Inc, Old Line Bancshares Inc
Forfeiture of Benefit. The Notwithstanding anything to the contrary herein, the Executive will forfeit his or her the benefit described in Section 2.2 if: (ia) the Executive violates any provision of the provisions detailed in Article 56 applies; or (iib) the Executive provides written notice to the Bank declining further participation in the Agreement; or (c) upon the Executive’s Voluntary Termination of Employment or Involuntary Termination of Employment.
Appears in 2 contracts
Samples: Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.), Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.)
Forfeiture of Benefit. The Executive will forfeit his or her benefit all benefits hereunder if: (i) the Executive violates any of the provisions detailed in Article 5; 5 or (ii) the Executive provides written notice to the Bank declining further participation in the Agreement.
Appears in 1 contract
Samples: Dollar Agreement (First Citizens Bancshares Inc /Tn/)
Forfeiture of Benefit. The Notwithstanding anything to the contrary herein, the Executive will forfeit his or her the benefit described in Section 2.2 if: (ia) the Executive violates any provision of the provisions detailed in Article 56 applies; or (iib) the Executive provides written notice to the Bank declining further participation in the Agreement.
Appears in 1 contract
Samples: Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.)