Insurance Company Not a Party. The Insurers shall not be deemed a party to this Agreement for any purpose nor in any way responsible for its validity; shall not be obligated to inquire as to the distribution of any monies payable or paid by it under the Insurance Policy(ies); and shall be fully discharged from any and all liability under the terms of the Insurance Policy(ies) upon payment or other performance of its obligations in accordance with the terms of the Insurance Policy(ies). The Insurers shall not be bound by or be deemed to have notice of the provisions of this Agreement.
Appears in 7 contracts
Samples: Salisbury Bank and Trust Company (Salisbury Bancorp, Inc.), Salisbury Bank and Trust Company (Salisbury Bancorp, Inc.), Salisbury Bank and Trust Company (Salisbury Bancorp, Inc.)
Insurance Company Not a Party. The Insurers Insurer shall not be deemed a party to this Agreement for any purpose nor in any way responsible for its validity; shall not be obligated to inquire as to the distribution of any monies payable or paid by it under the Insurance Policy(ies); and shall be fully discharged from any and all liability under the terms of the Insurance Policy(ies) upon payment or other performance of its obligations in accordance with the terms of the Insurance Policy(ies). The Insurers Insurer shall not be bound by or be deemed to have notice of the provisions of this Agreement.
Appears in 3 contracts
Samples: Split Dollar Life Insurance Agreement (Wilson Bank Holding Co), Split Dollar Life Insurance Agreement (Wilson Bank Holding Co), Split Dollar Life Insurance Agreement (ConnectOne Bancorp, Inc.)
Insurance Company Not a Party. The Insurers Insurer shall not be deemed to be a party to this Agreement for any purpose nor and is not in any way responsible for its validity; shall not be obligated to inquire as to the distribution of any monies payable or paid by it under the Insurance Policy(ies)Policy on the Employee's life acquired pursuant to the terms of the Agreement; and shall be fully discharged from any and all liability under the terms of the Insurance Policy(ies) any Policy issued by it upon payment or other performance of its obligations in accordance with the terms of the Insurance Policy(ies). The Insurers shall not be bound by or be deemed to have notice of the provisions of this Agreementsuch Policy.
Appears in 2 contracts
Samples: Split Dollar Agreement (FNB Financial Services Corp), Split Dollar Agreement (FNB Financial Services Corp)
Insurance Company Not a Party. The Insurers Insurance Company shall not be deemed to be a party to this Agreement for any purpose nor shall it be deemed in any way responsible for its validity; . The Insurance Company shall not be obligated to inquire as to the distribution or application of any monies payable or paid by it under the Insurance Policy(ies); Policy, and shall be fully discharged from any and all liability under the terms of the Insurance Policy(ies) upon payment payments or other performance of its contract obligations in accordance with the terms of the Policy shall fully discharge the Insurance Policy(ies). The Insurers shall not be bound by or be deemed to have notice of Company from any and all liability under the provisions of this AgreementPolicy.
Appears in 1 contract
Samples: Collateral Assignment Agreement (Delta Air Lines Inc /De/)
Insurance Company Not a Party. The Insurers Insurer shall not be deemed a party to this Agreement for any purpose nor in any way responsible for its validity; shall not be obligated to inquire as to the distribution of any monies payable or paid by it under the Insurance Policy(ies); and shall be fully discharged from any and all liability under the terms of the Insurance Policy(ies) upon payment or other performance of its obligations in accordance with the terms of the Insurance Policy(ies). The Insurers Insurer shall not be bound by or be deemed to have notice of the provisions of this Agreement. 8. Administration 8.1.
Appears in 1 contract
Samples: 1 Split Dollar Life Insurance Agreement This Agreement (Customers Bancorp, Inc.)
Insurance Company Not a Party. The Insurers shall Insurer: A. Shall not be deemed to be a party to this Agreement for any purpose nor in any way responsible for its validity; B. shall not be obligated to inquire as to the distribution of any monies payable or paid by it under the Insurance Policy(ies)Policy on the Employee's life acquired pursuant to the terms of this Agreement; and C. shall be fully discharged from any and all liability under the terms of any Policy issued by it, which is subject to the Insurance Policy(ies) terms of this Agreement, upon payment or other performance of its obligations in accordance with the terms of the Insurance Policy(ies)such Policy. The Insurers shall not be bound by or be deemed to have notice of the provisions of this Agreement.ARTICLE 14
Appears in 1 contract
Samples: Severance Agreement (Atlantic Coast Airlines Holdings Inc)
Insurance Company Not a Party. A. The Insurers Insurer shall not be deemed to be a party to this Agreement for any purpose nor in any way responsible for its validity; shall not be obligated to inquire as to the distribution of any monies moneys payable or paid by it under the Insurance Policy(ies)Policy; and shall be fully discharged from any and all liability under the terms of the Insurance Policy(ies) Policy upon payment or other performance of its obligations in accordance with the terms of the Insurance Policy(ies). The Insurers shall not be bound by or be deemed to have notice of the provisions of this AgreementPolicy.
Appears in 1 contract
Samples: Endorsement Split Dollar Agreement (Partners Trust Financial Group Inc)
