Common use of Suicide or Misstatement Clause in Contracts

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.

Appears in 15 contracts

Samples: Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc)

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Suicide or Misstatement. The Company shall not pay any death benefit under this Agreement exceeding the Deferral Account if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.

Appears in 10 contracts

Samples: Director Deferred Fee Agreement (Southern Michigan Bancorp Inc), Director Deferred Fee Agreement (Southern Michigan Bancorp Inc), Director Deferred Fee Agreement (First Community Bancshares Inc /In)

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) three years after the date of this Agreement. In addition, or the Company shall not pay any benefit under this Agreement if the Director has made any material misstatement of fact on any application for life insurance purchased any benefits provided by the CompanyCompany to the Director.

Appears in 10 contracts

Samples: Director Retirement Agreement, Director Retirement Agreement, Director Retirement Agreement (Sierra Bancorp)

Suicide or Misstatement. The Company Notwithstanding any provision of this Agreement to the contrary, no benefit shall not pay any benefit be payable under this Agreement to any person if the Director commits suicide within two (2) years after the date of this Agreement, Agreement or if the Director has made any material misstatement of fact on any application for life insurance purchased by the CompanyBank.

Appears in 10 contracts

Samples: Director Retirement Agreement (Community Valley Bancorp), Director Deferred Fee Agreement (Community Valley Bancorp), Director Retirement Agreement (Community Valley Bancorp)

Suicide or Misstatement. The Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay distribute any benefit under this Agreement in excess of the Deferrals if the Director commits suicide within two (2) years after the date of this AgreementEffective Date, or if an insurance company which issued a life insurance policy covering the Director has made any and owned by the Company denies coverage (i) for material misstatement misstatements of fact made by the Director on any an application for such life insurance purchased by the Companyinsurance, or (ii) for any other reason.

Appears in 10 contracts

Samples: Director Deferred Fee Agreement, Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Deferred Fee Agreement (Ohio Valley Banc Corp)

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.

Appears in 7 contracts

Samples: Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc)

Suicide or Misstatement. The Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay distribute any benefit under this Agreement if the Director commits suicide within two (2) years after the date of this AgreementEffective Date, or if an insurance company which issued a life insurance policy covering the Director has made any and owned by the Company denies coverage (i) for material misstatement misstatements of fact made by the Director on any an application for such life insurance purchased by the Companyinsurance, or (ii) for any other reason.

Appears in 6 contracts

Samples: Director Retirement Agreement (Ohio Valley Banc Corp), Director Retirement Agreement (Ohio Valley Banc Corp), Director Retirement Agreement (Ohio Valley Banc Corp)

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) three years after the date of this Agreement. In addition, or the Company shall not pay any benefit under this Agreement if the Director has made any material misstatement of fact on an employment application or resume provided to the Company, or on any application for life insurance purchased any benefits provided by the CompanyCompany to the Director.

Appears in 6 contracts

Samples: Director Retirement Agreement (Efc Bancorp Inc), Director Retirement Agreement (Efc Bancorp Inc), Director Retirement Agreement (Efc Bancorp Inc)

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) three years after the date of this Agreement. In addition, or the Company shall not pay any benefit under this Agreement if the Director has made any material misstatement of fact on a resume provided to the Company, or on any application for life insurance purchased any benefits provided by the CompanyCompany to the Director.

Appears in 5 contracts

Samples: Director Retirement Agreement (Oak Valley Bancorp), Director Retirement Agreement (Oak Valley Bancorp), Director Deferred Fee Agreement (Cooperative Bankshares Inc)

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company, or any other reason, provided however that the Company shall evaluate the reason for the denial, and upon advice of Counsel and in its sole discretion, consider judicially challenging any denial.

Appears in 3 contracts

Samples: Phantom Stock Appreciation Rights Agreement (Standard Financial Corp.), Phantom Stock Appreciation Rights Agreement (Standard Financial Corp.), Director Agreement (Se Financial Corp)

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date of this Agreement. In addition, or the Company shall not pay any benefit under this Agreement if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.

Appears in 3 contracts

Samples: Director Retirement Agreement, Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc)

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director Officer commits suicide within two (2) years after the date of this Agreement, or if the Director Officer has made any material misstatement of fact on any application for life insurance purchased by the Company.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Omega Financial Corp /Pa/), Salary Continuation Agreement (Omega Financial Corp /Pa/)

Suicide or Misstatement. The Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay distribute any benefit under this Agreement in excess of the Deferrals if the Director commits suicide within two (2) years after the date Original Effective Date of this Agreement, or if an insurance company which issued a life insurance policy covering the Director has made any and owned by the Company denies coverage (i) for material misstatement misstatements of fact made by the Director on any an application for such life insurance purchased by the Companyinsurance, or (ii) for any other reason.

Appears in 2 contracts

Samples: Director Deferred Compensation Agreement (First Farmers & Merchants Corp), Director Deferred Compensation Agreement (First Farmers & Merchants Corp)

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Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director Officer commits suicide within two (2) years after the date of this Agreement, or if the Director Officer has made any material misstatement of fact on any application for life insurance purchased by the Company, or any other reason, provided however that the Company shall evaluate the reason for the denial, and upon advice of Counsel and in its sole discretion, consider judicially challenging any denial.

Appears in 2 contracts

Samples: Phantom Stock Appreciation Rights Agreement (Standard Financial Corp.), Phantom Stock Appreciation Rights Agreement (Standard Financial Corp.)

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date Effective Date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.

Appears in 1 contract

Samples: Director Retirement Agreement (Cortland Bancorp Inc)

Suicide or Misstatement. The Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay distribute any benefit under this Agreement in excess of the Deferrals if the Director commits suicide within two (2) years after the date Effective Date of this Agreement, or if an insurance company which issued a life insurance policy covering the Director has made any and owned by the Company denies coverage (i) for material misstatement misstatements of fact made by the Director on any an application for such life insurance purchased by the Companyinsurance, or (ii) for any other reason.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Mid Penn Bancorp Inc)

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) three years after the date of this Agreement. In addition, or the Company shall not pay any benefit under this Agreement if the Director has made any material misstatement of fact on an application or resume provided to the Company, or on any application for life insurance purchased any benefits provided by the CompanyCompany to the Director.

Appears in 1 contract

Samples: Director Compensation Agreement (Redwood Empire Bancorp)

Suicide or Misstatement. The Company shall not pay any death benefit under this Agreement exceeding the Deferral Account if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.. 338

Appears in 1 contract

Samples: Director Deferred Fee Agreement (North Valley Bancorp)

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the CompanyEffective Date.

Appears in 1 contract

Samples: Director Retirement Agreement (Community Financial Corp /Va/)

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) three years after the date of this Agreement, Agreement or if the Director has made any material misstatement of fact on any application for life insurance purchased any benefits provided by the CompanyCompany to the Director.

Appears in 1 contract

Samples: Director Retirement Agreement (Plumas Bancorp)

Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date of Effective Date. In addition, the Company shall not pay any benefit under this Agreement, or Agreement if the Director has made any material misstatement of fact on any application for life insurance purchased owned by the CompanyCompany on the Director's life.

Appears in 1 contract

Samples: Salary Continuation Agreement (Appalachian Bancshares Inc)

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