PREMIUM PAYMENT METHOD. Subject to the Bank’s absolute right to surrender or terminate the Policy at any time and for any reason, the Bank agrees to pay an amount equal to the planned premiums and any other premium payments that might become necessary to keep the Policy in force.
Appears in 10 contracts
Samples: Split Dollar Agreement (Bank Holdings), Split Dollar Agreement (Bank Holdings), Split Dollar Agreement (Bank Holdings)
PREMIUM PAYMENT METHOD. Subject to the Bank’s absolute right to surrender or terminate the Policy policy at any time and for any reason, the Bank agrees to or the Trustee at the direction of the Bank shall pay an amount equal to the planned premiums and any other premium payments that might become necessary to keep the Policy policy in force.
Appears in 6 contracts
Samples: Endorsement Method Split Dollar Plan Agreement (Lyons Bancorp Inc), Endorsement Method Split Dollar Plan Agreement (Lyons Bancorp Inc), Endorsement Method Split Dollar Plan Agreement (Lyons Bancorp Inc)
PREMIUM PAYMENT METHOD. Subject to the Bank’s 's absolute right to surrender or terminate the Policy policy at any time and for any reason, the Bank agrees to or the Trustee at the direction of the Bank shall pay an amount equal to the planned premiums and any other premium payments that might become necessary to keep the Policy policy in force.
Appears in 1 contract
Samples: Split Dollar Plan Agreement (Central Bancorp Inc /Ma/)
PREMIUM PAYMENT METHOD. Subject to the Bank’s 's absolute right to surrender or terminate the Policy policy at any time and for any reason, the Bank agrees to shall pay an amount equal to the planned premiums and any other premium payments that might become necessary to keep the Policy policy in force.
Appears in 1 contract
Samples: Director Supplemental Retirement Plan Agreement (Citizens Bancshares Corp /Ga/)
