Common use of Payment of Premiums Clause in Contracts

Payment of Premiums. On or before the due date of each Policy premium, or within the grace period provided therein, the Company shall pay the full amount of the premium to the Insurer, and shall, upon request, promptly furnish to the Executive evidence of timely payment of such premium. The Company annually shall furnish to the Executive a statement of the amount of income reportable by the Executive for federal and state income tax purposes as a result of the insurance protection provided.

Payment of Premiums. On or before the due date of each Policy premiumthe premiums on the Policy, or within the grace period provided thereinallowed by the Policy's issuer (the "Insurer"), the Company Bank shall pay the full premium amount due on the Policy. In addition, the Bank shall annually notify the Employee of the premium any amounts that are required to the Insurer, and shall, upon request, promptly furnish to the Executive evidence of timely payment of such premium. The Company annually shall furnish to the Executive a statement of the amount of be included in his income reportable by the Executive for federal and state income tax purposes as a result due to the Bank's payment of the insurance protection providedpremiums on the Policy.

Payment of Premiums. On or before the due date of each Policy premium, or within the grace period provided therein, the Company shall pay the full amount of the premium to the Insurer, and shall, upon request, promptly furnish to the Executive evidence of timely payment of such premium. The Company shall annually shall furnish to the Executive a statement of the amount of income reportable by the Executive for federal and state income tax purposes as a result of the insurance protection providedprovided the Policy beneficiary.

Payment of Premiums. On or before the due date of each Policy premium, or within the grace period provided therein, the Company Corporation shall pay to the Insurer the full amount of the premium to the Insurersuch premium, and shall, upon request, request promptly furnish to the Executive Trustee evidence of timely payment of such premium. The Company annually shall furnish to the Executive a statement of the amount of income reportable by the Executive for federal and state income tax purposes as a result of the insurance protection provided.

Payment of Premiums. On or before the due date of each Policy premium, or within the grace period provided therein, the Company Corporation shall pay the full amount of the premium to the Insurer, and shall, upon request, promptly furnish to the Executive Participant evidence of timely payment of such premium. The Company annually shall furnish to the Executive a statement of the amount of income reportable by the Executive for federal and state income tax purposes as a result of the insurance protection provided.

Payment of Premiums. On or before the due date of each Policy premium, premium or within the grace period provided therein, the Company Corporation shall pay the full amount of the premium to the Insurer, and shall, upon request, promptly furnish to the Executive Employee evidence of timely payment of such premium. The Company Corporation shall annually shall furnish to the Executive Employee a statement of the amount of income reportable by the Executive Employee for federal and state income tax purposes purposes, as a result of the insurance protection providedprovided the Employee's beneficiary.

Payment of Premiums. On or before the due date of each Policy premium, or within the grace period provided therein, the Company Corporation shall pay the full amount of the premium to the Insurer, and shall, upon request, promptly furnish to the Executive evidence Employee and the Owner notice of timely payment of such premium. The Company Corporation shall annually shall furnish to the Executive Employee a statement of the amount of income reportable by the Executive Employee for federal and state income tax purposes purposes, if any, as a result of the insurance protection providedprovided the Owner as the beneficiary of the Policies.

Payment of Premiums. On or before the due date of each Policy premium, or within the grace period provided therein, the Company Corporation shall pay the full amount of the premium Planned Annual Premium to the Insurer, and shall, upon request, promptly furnish to the Executive Employee evidence of timely payment of such premium. The Company annually shall furnish to Except with the Executive a statement consent of the amount of income reportable by Employee, the Executive Corporation shall not pay less than such Planned Annual Premium for federal any year, but may, in its discretion, at anytime and state income tax purposes as a result of the insurance protection provided.from time to time,

Payment of Premiums. On or before the due date of each Policy premium, or within the grace period provided therein, the Company Corporation shall pay the full amount of the premium to the Insurer, and shall, upon request, promptly furnish to the Executive evidence of timely payment of such premium. The Company Corporation shall annually shall furnish to the Executive a statement of the amount of income reportable by the Executive for federal and state income tax purposes as a result of the insurance protection providedprovided pursuant to the Policy, which amount shall include any amount required to "gross-up" such tax liabilities.

Payment of Premiums. On or before the due date of each ------------------- Policy premium, or within the grace period provided therein, the Company Corporation shall pay the full amount of the premium to the Insurer, and shall, upon request, promptly furnish to the Executive Employee evidence of timely payment of such premium. The Company Corporation shall annually shall furnish to the Executive Employee a statement of the amount of income reportable by the Executive Employee for federal and state income tax purposes purposes, as a result of the insurance protection providedprovided the Owner as the Policy beneficiary.

Payment of Premiums. On or before the due date of each Policy premium, or within the grace period provided therein, the Company Bank shall pay the full amount of the premium to the Insurer, and shall, upon request, promptly furnish to the Executive Employee evidence of timely payment of such premium. The Company Bank shall annually shall furnish to the Executive Employee a statement of the amount of income reportable by the Executive Employee for federal and state income tax purposes purposes, as a result of the insurance protection providedprovided to the Employee's beneficiary.

Payment of Premiums. On or before the due date of each Policy Policy’s premium, or within the grace period provided therein, the Company Corporation shall pay the full amount of the premium to the Insurer, and shall, upon request, promptly furnish to the Executive Employee evidence of timely payment of such premium. The Company Corporation shall annually shall furnish to the Executive Employee a statement of the amount of income reportable by the Executive Employee for federal and state income tax purposes as a result of the insurance protection providedprovided under the Policies and this Agreement.

Payment of Premiums. On or before the due date of each Policy premium, or within the grace period provided therein, the Company Corporation shall pay the full amount of the premium to the Insurer, and shall, upon request, promptly furnish to the Executive Employee evidence of timely payment of such premium. The Company Corporation shall annually shall furnish to the Executive Employee a statement of the amount of income reportable by the Executive Employee for federal and state income tax purposes purposes, as a result of the insurance protection providedprovided the Employee’s beneficiary.

Payment of Premiums. On or before the due date of each Policy premium, or within the grace period provided therein, the Company Corporation shall pay the full amount of the premium to the Insurer, and shall, upon request, promptly furnish to the Executive Employee evidence of timely payment of such premium. The Company Corporation shall annually shall furnish to the Executive Employee a statement of the amount of income reportable by the Executive Employee for federal and state income tax purposes as a result purposes, which amount shall be computed in accordance with applicable regulations of the insurance protection providedInternal Revenue Service.