Recoverable Amount. The Company’s annual premium, exclusive of any rating, less any amount received from the Executive, compounded at 6% interest (compounded annually).
Appears in 2 contracts
Samples: Executive Split Dollar Life Insurance Agreement (First Century Bankshares Inc), Executive Split Dollar Life Insurance Agreement (First Century Bankshares Inc)
Recoverable Amount. The Company’s 's annual premium, exclusive of ------------------- any rating, less any amount received from the Executive, compounded at 6% interest (compounded annually).
Appears in 2 contracts
Samples: Executive Split Dollar Life Insurance Agreement (Pocahontas Bankshares Corp), Executive Split Dollar Life Insurance Agreement (Pocahontas Bankshares Corp)
