OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer.
Appears in 16 contracts
Samples: Split Dollar Agreement (West Pointe Bancorp Inc), Salary Continuation Agreement (North Valley Bancorp), Split Dollar Agreement (West Pointe Bancorp Inc)
OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's ’s claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer.
Appears in 7 contracts
Samples: Director Group Term Replacement Plan (Codorus Valley Bancorp Inc), Director Group Term Replacement Plan (Codorus Valley Bancorp Inc), Split Dollar Agreement (Community Capital Corp /Sc/)
OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's ’s claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the PolicyPolicy(ies). The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer.
Appears in 6 contracts
Samples: Split Dollar Agreement (Bank Holdings), Split Dollar Agreement (Bank Holdings), Split Dollar Agreement (Bank Holdings)
OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the PolicyPolicy(ies). The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer.
Appears in 2 contracts
Samples: Split Dollar Agreement (Polonia Bancorp), Split Dollar Agreement (Polonia Bancorp)
OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer.
Appears in 2 contracts
Samples: Split Dollar Agreement (First South Bancorp Inc), Split Dollar Agreement (First South Bancorp Inc)
OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. Any transferee's rights shall be subject to this Endorsement.
Appears in 1 contract
Samples: Executive Indexed Retirement Agreement (Greater Rome Bancshares Inc)
OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's ’s claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer.shall
Appears in 1 contract
Samples: Split Dollar Agreement (Community Capital Corp /Sc/)
OWNERS AUTHORITY. The Insurer insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including its the Owner's statement of the amount of premiums it the Owner has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a in full discharge and release therefore to the Insurer.. The
Appears in 1 contract
Samples: Non Qualified Pension Plan (Univest Corp of Pennsylvania)
OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policypolicy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. Any transferee's rights shall be subject to this Endorsement.
Appears in 1 contract
Samples: Group Term Replacement Plan (Codorus Valley Bancorp Inc)
