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. The owner accepts and agrees to this split dollar endorsement. 104 Any transferee's rights shall be subject to this Endorsement. The undersigned is signing in a representative capacity and warrants that he or she has the authority to bind the entity on whose behalf this document is being executed. Signed at El Centro, California, this 1st day of July, 2002. VALLEY INDEPENDENT BANK By /s/ Xxxxxx X. Xxxx ----------------------------- Title President & CEO -------------------------- ACCEPTANCE AND BENEFICIARY DESIGNATION The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following as beneficiary(s) of the portion of the proceeds described in paragraph (2) above: Primary Beneficiary: ___________________________________________________________ Relationship and Social Security Number: ________________________________ Contingent Beneficiary (if the Primary is deceased): ___________________________ Relationship and Social Security Number: ________________________________ Signed at El Centro, California, this 1st day of July, 2002. THE INSURED: /s/ Xxxxxx Xxxxxxx Xxxxx -------------------------------- Xxxxxx Xxxxxxx Xxxxx 105 FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR XXXXXX XXXXXXX XXXXX THIS AMENDMENT is adopted this 1st day of July, 2002, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and XXXXXX XXXXXXX XXXXX (the "Executive"). The Company and the Executive executed the VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT on November 13, 2000 (the "Agreement"). The undersigned hereby amends, in part, said Agreement to define the Bonus Award in lieu of a schedule that was previously attached to the Agreement and update for recent regulatory changes. Therefore, the following revisions shall be made:
Appears in 1 contract
Samples: Continuation Agreement (Vib Corp)
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. The owner accepts and agrees to this split dollar endorsement. 104 Any transferee's rights shall be subject to this Endorsement. The undersigned is signing in a representative capacity and warrants that he or she has the authority to bind the entity on whose behalf this document is being executed. Signed at El Centro, California, this 1st day of July, 2002. VALLEY INDEPENDENT BANK By /s/ Xxxxxx X. Xxxx ----------------------------- -------------------------------- Title President & CEO -------------------------- ACCEPTANCE AND BENEFICIARY DESIGNATION The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following as beneficiary(s) of the portion of the proceeds described in paragraph (2) above: Primary Beneficiary: ___________________________________________________________ Relationship and Social Security Number: ________________________________ Contingent Beneficiary (if the Primary is deceased): ___________________________ Relationship and Social Security Number: ________________________________ Signed at El Centro, California, this 1st day of July, 2002. THE INSURED: /s/ Xxxxxx Xxxxxxx Xxxxx Xxxx Xxxxxxxx, Xx. -------------------------------- Xxxxxx Xxxxxxx Xxxxx 105 Xxxx Xxxxxxxx, Xx. FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR XXXXXX XXXXXXX XXXXX XXXX XXXXXXXX, XX. THIS AMENDMENT is adopted this 1st day of July, 2002, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and XXXXXX XXXXXXX XXXXX XXXX XXXXXXXX, XX. (the "Executive"). The Company and the Executive executed the VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT on November 13, 2000 (the "Agreement"). The undersigned hereby amends, in part, said Agreement to define the Bonus Award in lieu of a schedule that was previously attached to the Agreement and update for recent regulatory changes. Therefore, the following revisions shall be made:
Appears in 1 contract
Samples: Continuation Agreement (Vib Corp)
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. The owner accepts and agrees to this split dollar endorsement. 104 Any transferee's rights shall be subject to this Endorsement. The undersigned is signing in a representative capacity owner accepts and warrants that he or she has the authority agrees to bind the entity on whose behalf this document is being executedsplit dollar endorsement. Signed at El Centro____________________, California, this 1st _______ day of July______________, 20022000. VALLEY INDEPENDENT BANK TRUST: _____________________________________ _____________________________________ [Name of Trust] By /s/ Xxxxxx X. Xxxx ----------------------------- Title President & CEO -------------------------- ACCEPTANCE AND BENEFICIARY DESIGNATION __________________________________ Its Trustee By __________________________________ Its Trustee 225 The Insured Executive's Trust accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following as beneficiary(s) direct beneficiary of the portion of the proceeds described in paragraph (2) above. Signed at ____________________, California, this ________ day of _____________, 2000. TRUST: Primary Beneficiary: _____________________________________ _____________________________________ [Name of Trust] By __________________________________ Its Trustee By __________________________________ Its Trustee XXXXXXXX X XXXXX XXXXXX XXXX XXXIT DOLLAR AGREEMENT THIS AGREEMENT is made and entered into this _________ day of _________________, 2000, by and between HARRIS TRUST & SAVINGS BANK PERSOXXX XXUST AND ASSET MANAGEMENT as Trustee(s) of the NORTH VALLEY BANCORP UMBRELLA TRUST FOR EXECUTIVES dated May 10, 1995 (the "Rabbi Trust"), and _____________________________________ as Trustee(s) of the _______________________________________________________________________________ Relationship and Social Security Number: _______dated _________________________ Contingent Beneficiary (if the Primary is deceased): "Executive's Trust"). This Agreement shall append the Split Dollar Endorsement entered into on ___________________________ Relationship and Social Security Number: ________________________________ Signed at El Centro, California2000, this 1st day of July, 2002. THE INSURED: /s/ Xxxxxx Xxxxxxx Xxxxx -------------------------------- Xxxxxx Xxxxxxx Xxxxx 105 FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR XXXXXX XXXXXXX XXXXX THIS AMENDMENT is adopted this 1st day of July, 2002or as subsequently amended, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and XXXXXX XXXXXXX XXXXX (the "Executive")aforementioned parties. The Company and the Executive executed the VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT on November 13, 2000 (the "Agreement"). The undersigned hereby amends, in part, said Agreement to define the Bonus Award in lieu of a schedule that was previously attached to the Agreement and update for recent regulatory changes. Therefore, the following revisions shall be made:INTRODUCTION
Appears in 1 contract
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. The owner accepts and agrees to this split dollar endorsement. 104 Any transferee's ’s rights shall be subject to this Endorsement. The undersigned is signing in a representative capacity and warrants that he or she has the authority to bind the entity on whose behalf this document is being executed. Signed at El Centro____________________, CaliforniaPennsylvania, this 1st _______ day of July______________, 20021998. COMPANY: PEOPLESBANK, A CODORUS VALLEY INDEPENDENT BANK COMPANY By /s/ Xxxxxx X. Xxxx ----------------------------- Title President & CEO -------------------------- ACCEPTANCE AND BENEFICIARY DESIGNATION Its CORPORATION: CODORUS VALLEY BANCORP, INC. By Its The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following as beneficiary(s) of the portion of the proceeds described in paragraph (2) above: Primary Beneficiary: ___________________________________________________________ Relationship as primary beneficiary and Social Security Number: __________________________________ Contingent Beneficiary as secondary beneficiary of the portion of the proceeds described in (if 2) above. Signed at ____________________, Pennsylvania, this ________ day of _____________, 1998. THE INSURED: EXHIBIT A PEOPLESBANK, A CODORUS VALLEY COMPANY DIRECTOR GROUP TERM REPLACEMENT PLAN ELECTION TO PARTICIPATE I, _______________, an eligible Participant of the Primary is deceased): _Peoplesbank, a Codorus Valley Company Group Term Replacement Plan (the “Plan”) dated December 1, 1998, hereby elect to become a Participant of the Plan in accordance with Section 2.2 of the Plan. Additionally, I acknowledge that I have read the Plan document and agree to be bound by its terms. Executed this 1st day of December, 1998. Witness Participant EXHIBIT B PEOPLESBANK, A CODORUS VALLEY COMPANY DIRECTOR GROUP TERM REPLACEMENT PLAN LIST OF PARTICIPANTS Participant’s Name Insurer Policy Number __________________________ Relationship and Social Security Number: ________________ ________________________ __________________________ Signed at El Centro, California, this 1st day of July, 2002. THE INSURED: /s/ Xxxxxx Xxxxxxx Xxxxx -------------------------------- Xxxxxx Xxxxxxx Xxxxx 105 FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR XXXXXX XXXXXXX XXXXX THIS AMENDMENT is adopted this 1st day of July, 2002, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and XXXXXX XXXXXXX XXXXX (the "Executive"). The Company and the Executive executed the VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT on November 13, 2000 (the "Agreement"). The undersigned hereby amends, in part, said Agreement to define the Bonus Award in lieu of a schedule that was previously attached to the Agreement and update for recent regulatory changes. Therefore, the following revisions shall be made:________________ ________________________ __________________________ ________________ ________________________ __________________________ ________________ ________________________ __________________________ ________________ ________________________ __________________________ ________________ ________________________ __________________________ ________________ ________________________ __________________________ ________________ ________________________ __________________________ ________________ ________________________ __________________________ ________________ ________________________ __________________________ ________________ ________________________ __________________________ ________________ ________________________ __________________________ ________________ ________________________ __________________________ ________________ ________________________ ________________________ ________________
Appears in 1 contract
Samples: Codorus Valley 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. The owner accepts and agrees to this split dollar endorsement. 104 Any transferee's rights shall be subject to this Endorsement. The undersigned is signing in a representative capacity and warrants that he or she has the authority to bind the entity on whose behalf this document is being executed. Signed at El Centro, California, this 1st day of July, 2002. VALLEY INDEPENDENT BANK By /s/ Xxxxxx X. Xxxx Janice Stewart Grady ----------------------------- Title Xitle Senior Vice President & CEO -------------------------- ACCEPTANCE AND BENEFICIARY DESIGNATION The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following as beneficiary(s) of the portion of the proceeds described in paragraph (2) above: Primary Beneficiary: ___________________________________________________________ Relationship and Social Security Number: ________________________________ Contingent Beneficiary (if the Primary is deceased): ___________________________ Relationship and Social Security Number: ________________________________ Signed at El Centro, California, this 1st day of July, 2002. THE INSURED: /s/ Xxxxxx Xxxxxxx Xxxxx Dennis L. Kern -------------------------------- Xxxxxx Xxxxxxx Xxxxx 105 Xennis L. Kern FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR XXXXXX XXXXXXX XXXXX DENNIS L. KERN THIS AMENDMENT is adopted AMENDMXXX xx xxxxxxx this 1st day of July, 2002, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and XXXXXX XXXXXXX XXXXX DENNIS L. KERN (the "Executive"). The Company Xxx Xxxpany and the Executive executed the VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT on November 13, 2000 (the "Agreement"). The undersigned hereby amends, in part, said Agreement to define the Bonus Award in lieu of a schedule that was previously attached to the Agreement and update for recent regulatory changes. Therefore, the following revisions shall be made:
Appears in 1 contract
Samples: Continuation Agreement (Vib Corp)
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. The owner accepts and agrees to this split dollar endorsement. 104 Any transferee's rights shall be subject to this Endorsement. The undersigned is signing in a representative capacity owner accepts and warrants that he or she has the authority agrees to bind the entity on whose behalf this document is being executedsplit dollar endorsement. Signed at El Centro____________________, California, this 1st _______ day of July______________, 20022000. VALLEY INDEPENDENT BANK TRUST: _____________________________________ _____________________________________ [Name of Trust] By /s/ Xxxxxx X. Xxxx ----------------------------- Title President & CEO -------------------------- ACCEPTANCE AND BENEFICIARY DESIGNATION __________________________________ Its Trustee By __________________________________ Its Trustee 276 The Insured Executive's Trust accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following as beneficiary(s) direct beneficiary of the portion of the proceeds described in paragraph (2) above. Signed at ____________________, California, this ________ day of _____________, 2000. TRUST: Primary Beneficiary: _____________________________________ _____________________________________ [Name of Trust] By __________________________________ Its Trustee By __________________________________ Its Trustee XXXXXXXX X SIX RIVERS NATIONAL BANK SPLIT DOLLAR AGREEMENT THIS AGREEMENT is made and entered into this _________ day of _________________, 2000, by and between HARRIS TRUST & SAVINGS BANK PXXXXXXL TRUST AND ASSET MANAGEMENT as Trustee(s) of the NORTH VALLEY BANCORP UMBRELLA TRUST FOR EXECUTIVES dated May 10, 1995 (the "Rabbi Trust"), and _____________________________________ as Trustee(s) of the _______________________________________________________________________________ Relationship and Social Security Number: _______dated _________________________ Contingent Beneficiary (if the Primary is deceased): "Executive's Trust"). This Agreement shall append the Split Dollar Endorsement entered into on ___________________________ Relationship and Social Security Number: ________________________________ Signed at El Centro, California2000, this 1st day of July, 2002. THE INSURED: /s/ Xxxxxx Xxxxxxx Xxxxx -------------------------------- Xxxxxx Xxxxxxx Xxxxx 105 FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR XXXXXX XXXXXXX XXXXX THIS AMENDMENT is adopted this 1st day of July, 2002or as subsequently amended, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and XXXXXX XXXXXXX XXXXX (the "Executive")aforementioned parties. The Company and the Executive executed the VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT on November 13, 2000 (the "Agreement"). The undersigned hereby amends, in part, said Agreement to define the Bonus Award in lieu of a schedule that was previously attached to the Agreement and update for recent regulatory changes. Therefore, the following revisions shall be made:INTRODUCTION
Appears in 1 contract
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. The owner accepts and agrees to this split dollar endorsement. 104 Any transferee's rights shall be subject to this Endorsement. The undersigned is signing in a representative capacity and warrants that he or she has the authority to bind the entity on whose behalf this document is being executed. Signed at El Centro_______________, CaliforniaPennsylvania, this 1st _______ day of July____________, 20021998. COMPANY: PEOPLESBANK, A CODORUS VALLEY INDEPENDENT BANK By /s/ Xxxxxx X. Xxxx ----------------------------- Title President & CEO -------------------------- ACCEPTANCE AND BENEFICIARY DESIGNATION COMPANY BY_________________________________ Its________________________________ CORPORATION: CODORUS VALLEY BANCORP, INC. BY_________________________________ Its________________________________ The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following as beneficiary(s) of the portion of the proceeds described in paragraph (2) above: Primary Beneficiary: __________________________________________ as primary beneficiary and _____________________________________________________ Relationship and Social Security Numberas secondary beneficiary of the portion of the proceeds described in (2) above. Signed at ________________, Pennsylvania, this _______ day of ___________, 1998. THE INSURED: ____________________________________ Contingent Beneficiary (if the Primary is deceased): EXHIBIT A PEOPLESBANK, A CODORUS VALLEY COMPANY DIRECTOR GROUP TERM REPLACEMENT PLAN ELECTION TO PARTICIPATE I, _______________, an eligible Participant of the Peoplesbank, a Codorus Valley Company Group Term Replacement Plan (the "Plan") dated December 1, 1998, hereby elect to become a Participant of the Plan in accordance with Section 2.2 of the Plan. Additionally, I acknowledge that I have read the Plan document and agree to be bound by its terms. Executed this 1st day of December, 1998. ____________ Relationship and Social Security Number: ________________________________ Signed at El Centro_____________________________________ Witness Participant EXHIBIT B PEOPLESBANK, California, this 1st day of July, 2002. THE INSURED: /s/ Xxxxxx Xxxxxxx Xxxxx -------------------------------- Xxxxxx Xxxxxxx Xxxxx 105 FIRST AMENDMENT TO THE A CODORUS VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR XXXXXX XXXXXXX XXXXX THIS AMENDMENT is adopted this 1st day of July, 2002, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and XXXXXX XXXXXXX XXXXX (the "Executive"). The Company and the Executive executed the VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT on November 13, 2000 (the "Agreement"). The undersigned hereby amends, in part, said Agreement to define the Bonus Award in lieu of a schedule that was previously attached to the Agreement and update for recent regulatory changes. Therefore, the following revisions shall be made:COMPANY DIRECTOR GROUP TERM REPLACEMENT PLAN LIST OF PARTICIPANTS PARTICIPANT'S NAME INSURER POLICY NUMBER ------------------ ------- ------------- -------------------------- ---------------- ------------------------ -------------------------- ---------------- ------------------------ -------------------------- ---------------- ------------------------ -------------------------- ---------------- ------------------------ -------------------------- ---------------- ------------------------ -------------------------- ---------------- ------------------------ -------------------------- ---------------- ------------------------ -------------------------- ---------------- ------------------------ -------------------------- ---------------- ------------------------ -------------------------- ---------------- ------------------------ -------------------------- ---------------- ------------------------ -------------------------- ---------------- ------------------------ -------------------------- ---------------- ------------------------ -------------------------- ----------------
Appears in 1 contract
Samples: Codorus Valley 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. The owner accepts and agrees to this split dollar endorsement. 104 Any transferee's rights shall be subject to this Endorsement. The undersigned is signing in a representative capacity and warrants that he or she has the authority to bind the entity on whose behalf this document is being executed. Signed at El Centro, California, this 1st day of July, 2002. VALLEY INDEPENDENT BANK By /s/ Xxxxxx X. Xxxx Dennis L. Kern ----------------------------- Title Xitle President & CEO -------------------------- ACCEPTANCE AND BENEFICIARY DESIGNATION The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following as beneficiary(s) of the portion of the proceeds described in paragraph (2) above: Primary Beneficiary: ___________________________________________________________ Relationship and Social Security Number: ________________________________ Contingent Beneficiary (if the Primary is deceased): ___________________________ Relationship and Social Security Number: ________________________________ Signed at El Centro, California, this 1st day of July, 2002. THE INSURED: /s/ Xxxxxx Xxxxxxx Xxxxx Harry G. Gooding -------------------------------- Xxxxxx Xxxxxxx Xxxxx 105 Xarry G. Gooding FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR XXXXXX XXXXXXX XXXXX HARRY G. GOODING THIS AMENDMENT is adopted AMENXXXXX xx xxxxxxx this 1st day of July, 2002, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and XXXXXX XXXXXXX XXXXX HARRY G. GOODING (the "Executive"). The Company Xxx Xxxpany and the Executive executed the VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT on November 13, 2000 (the "Agreement"). The undersigned hereby amends, in part, said Agreement to define the Bonus Award in lieu of a schedule that was previously attached to the Agreement and update for recent regulatory changes. Therefore, the following revisions shall be made:
Appears in 1 contract
Samples: Continuation Agreement (Vib Corp)
