Maximum Death Benefit. If Insured’s death occurs while Insured is in the full-time employment of Bank, then the “Death Benefit” shall equal $500,000.
Appears in 2 contracts
Samples: Split Dollar Agreement (Red River Bancshares Inc), Split Dollar Agreement (Red River Bancshares Inc)
Maximum Death Benefit. If Insured’s death occurs while Insured is in the full-time employment of Bank, then the “Death Benefit” shall equal $500,000$ .
Appears in 1 contract
Maximum Death Benefit. If Insured’s death occurs while Insured is in the full-time employment of Bank, then the “Death Benefit” shall equal $500,000.1,400,000. Reduced Death Benefit - If Insured’s death occurs after the termination of Insured’s full-time employment with Bank for any reason other than For Cause, then the “Death Benefit” shall equal:
Appears in 1 contract
Samples: Endorsement Method Split Dollar Agreement (Red River Bancshares Inc)
