Suicide or Misstatement. Notwithstanding any provision of this Agreement to the contrary, the Company and the Bank shall not pay any benefit under this Agreement if the Executive commits suicide within two (2) years after the Effective Date. In addition, the Company and the Bank shall not pay any benefit under this Agreement if the Executive has made any material misstatement of fact on any application for life insurance owned by the Company or the Bank on the Executive’s life.
Appears in 15 contracts
Samples: Employment Agreement (1st United Bancorp, Inc.), Employment Agreement (1st United Bancorp, Inc.), Employment Agreement (1st United Bancorp, Inc.)
Suicide or Misstatement. Notwithstanding any provision of this Agreement to the contrary, the Company and the The Bank shall not pay any benefit under this Agreement if the Executive commits suicide within two (2) years after the Effective Date. In addition, the Company and the Bank shall not pay any benefit under this Agreement if the Executive has made any material misstatement of fact on any application for life insurance owned by the Company or the Bank on the Executive’s life.
Appears in 14 contracts
Samples: Salary Continuation Agreement (Peoples Federal Bancshares, Inc.), Salary Continuation Agreement (Peoples Federal Bancshares, Inc.), Continuation Agreement (Home Federal Bancorp, Inc.)
Suicide or Misstatement. Notwithstanding any provision of this Agreement to the contrary, the Company and the The Bank shall not pay any benefit under this Agreement if the Executive commits suicide within two (2) years after the Effective Date. In addition, the Company and the Bank shall not pay any benefit under this Agreement if the Executive has made any material misstatement of fact fact, as determined solely by the applicable insurance carrier, on any application for life insurance owned by the Company or the Bank on the Executive’s 's life.
Appears in 4 contracts
Samples: Continuation Agreement (Service 1st Bancorp), Continuation Agreement (Service 1st Bancorp), Salary Continuation Agreement (Service 1st Bancorp)
Suicide or Misstatement. Notwithstanding any provision of this Agreement to the contrary, the Company and the The Bank shall not pay any benefit under this Agreement if the Executive commits suicide within two (2) years after the Effective Datedate of this Agreement. In addition, the Company and the Bank shall not pay any benefit under this Agreement if the Executive has made any material misstatement of fact on any application for life insurance owned by the Company or the Bank on the Executive’s lifelife that results in the Bank being unable to collect the total death proceeds from such policies.
Appears in 2 contracts
Samples: Survivor Income Benefit Agreement (PSB Holdings Inc /Wi/), Survivor Income Benefit Agreement (PSB Holdings Inc /Wi/)
Suicide or Misstatement. Notwithstanding any provision of this Agreement to the contrary, the Company and the The Bank shall not pay any benefit under this Agreement if the Executive commits suicide within two (2) years after the Effective Datedate of this Agreement. In addition, the Company and the Bank shall not pay any benefit under this Agreement if the Executive has made any material misstatement of fact on any application for life insurance owned by the Company or the Bank on the Executive’s life's life that results in the Bank being unable to collect the total death proceeds from such policies.
Appears in 1 contract
Suicide or Misstatement. Notwithstanding any provision of this Agreement to the contrary, the Company and the The Bank shall not pay any benefit under this Agreement if the Executive commits suicide within two (2) years after of the Effective Date. In addition, the Company and the Bank shall not pay any benefit under this Agreement if the Executive has made any material misstatement of fact on any application for life insurance owned by the Company or the Bank on the Executive’s 's life.
Appears in 1 contract
Samples: Executive Deferred Incentive Agreement (Home Federal Bancorp Inc)
Suicide or Misstatement. Notwithstanding any provision of this Agreement to the contrary, the Company and the The Bank shall not pay any benefit under this Agreement if the Executive commits suicide within two (2) years after the Effective Date. In addition, the Company and the Bank shall not pay any benefit under this Agreement if the Executive has made any material misstatement of fact on any application for life insurance owned by the Company or the Bank on the Executive’s life's life that results in the Bank being unable to collect the total death proceeds from such policies.
Appears in 1 contract
Samples: Executive Deferred Compensation Agreement (PSB Holdings Inc /Wi/)
Suicide or Misstatement. Notwithstanding any provision of this Agreement to the contrary, the Company and the The Bank shall not pay distribute any benefit under this Agreement if the Executive commits suicide within two (2) years after the Effective Date. In addition, the Company and the Bank shall not pay distribute any benefit under this Agreement if the Executive has made any material misstatement of fact fact, as determined solely by the applicable insurance carrier, on any application for life insurance owned by the Company or the Bank on the Executive’s 's life.
Appears in 1 contract
Suicide or Misstatement. Notwithstanding any provision of this Agreement to the contrary, the Company and the Bank shall not pay any benefit under this Agreement if the Executive commits suicide within two (2) years after the Effective Date. In addition, the Company and the Bank shall not pay any benefit under this Agreement if the Executive has made any material misstatement of fact on any application for life insurance owned by the Company or the Bank on the Executive’s life.. 1st United Bancorp/1st United Bank Supplemental Executive Retirement Plan Agreement
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (1st United Bancorp, Inc.)
