Policy Ownership/Interests/Insurer/Assignment. 2.1 Bank’s Interest. The Bank shall be the sole owner of the Policies and shall have the right to exercise all incidents of ownership. The Bank shall be the beneficiary of the remaining death proceeds of the Policies after the Executive’s Interest is determined according to Section 2.2 below.
Appears in 5 contracts
Samples: Split Dollar Life Insurance Agreement (FNB Bancorp/Ca/), Split Dollar Life Insurance Agreement (FNB Bancorp/Ca/), Split Dollar Life Insurance Agreement (FNB Bancorp/Ca/)
