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. 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/ Dennis L. Kern ----------------------------- 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/ Harry G. Gooding -------------------------------- Xarry G. Gooding FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR HARRY G. GOODING THIS AMENXXXXX xx xxxxxxx this 1st day of July, 2002, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and HARRY G. GOODING (the "Executive"). 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:
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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. 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/ Dennis L. Kern ----------------------------- Xitle 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/ Harry G. Gooding -------------------------------- Xarry G. Gooding FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR HARRY G. GOODING THIS AMENXXXXX xx xxxxxxx this 1st day of July, 2002or as subsequently amended, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and HARRY G. GOODING (the "Executive")aforementioned parties. 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:INTRODUCTION
Appears in 1 contract
Samples: Salary Continuation Agreement (North Valley 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 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. 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/ Dennis L. Kern Janice Stewart Grady ----------------------------- 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/ Harry G. Gooding Dennis L. Kern -------------------------------- Xarry G. Gooding Xennis L. Kern FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR HARRY G. GOODING DENNIS L. KERN THIS AMENXXXXX AMENDMXXX xx xxxxxxx this 1st day of July, 2002, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and HARRY G. GOODING DENNIS L. KERN (the "Executive"). 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
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. 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/ Dennis L. Kern ----------------------------- Xitle 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/ Harry G. Gooding -------------------------------- Xarry G. Gooding FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR HARRY G. GOODING THIS AMENXXXXX xx xxxxxxx this 1st day of July, 2002or as subsequently amended, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and HARRY G. GOODING (the "Executive")aforementioned parties. 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:INTRODUCTION
Appears in 1 contract
Samples: Salary Continuation Agreement (North Valley 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 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. 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/ Dennis L. Kern ----------------------------- Xitle 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/ Harry G. Gooding Xxxx Xxxxxxxx, Xx. -------------------------------- Xarry G. Gooding Xxxx Xxxxxxxx, Xx. FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR HARRY G. GOODING XXXX XXXXXXXX, XX. THIS AMENXXXXX xx xxxxxxx AMENDMENT is adopted this 1st day of July, 2002, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and HARRY G. GOODING XXXX XXXXXXXX, XX. (the "Executive"). Xxx Xxxpany 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
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/ Dennis L. Kern Xxxxxx X. Xxxx ----------------------------- Xitle 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/ Harry G. Gooding Xxxxxx Xxxxxxx Xxxxx -------------------------------- Xarry G. Gooding Xxxxxx Xxxxxxx Xxxxx 105 FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR HARRY G. GOODING XXXXXX XXXXXXX XXXXX THIS AMENXXXXX xx xxxxxxx AMENDMENT is adopted this 1st day of July, 2002, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and HARRY G. GOODING XXXXXX XXXXXXX XXXXX (the "Executive"). Xxx Xxxpany 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
