Funding Policy. Subject to the Institution's absolute right to surrender or terminate the policy at any time and for any reason, the funding policy for this Split Dollar Plan shall be to maintain the subject policy in force by paying, when due, all premiums required.
Appears in 4 contracts
Samples: Continuation Plan Agreement (Osage Federal Financial Inc), Continuation Plan Agreement (Osage Federal Financial Inc), Continuation Plan Agreement (Osage Federal Financial Inc)
Funding Policy. Subject to the Institution's Bank’s absolute right to surrender or terminate the policy at any time and for any reason, the funding policy for this Split Dollar Plan Agreement shall be to maintain the subject policy in force by paying, when due, all premiums required.
Appears in 3 contracts
Samples: Split Dollar Life Insurance Agreement, Dollar Life Insurance Agreement (M&f Bancorp Inc /Nc/), Split Dollar Life Insurance Agreement (M&f Bancorp Inc /Nc/)
Funding Policy. Subject to the Institution's Bank’s absolute right to surrender or terminate the policy at any time and for any reason, the funding policy for this Split Dollar Plan shall be to maintain the subject policy in force by paying, when due, all premiums required.
Appears in 2 contracts
Samples: Method Split Dollar Plan (South Street Financial Corp), Method Split Dollar Plan (South Street Financial Corp)
