Suicide or Misstatement. No benefits shall be payable if the Director commits suicide within two 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 8 contracts
Samples: Director Retirement Agreement (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp)
Suicide or Misstatement. No benefits shall be payable if the Director commits suicide within two years after the date of this Agreement, or if the Director has made any insurance company denies coverage (i) for material misstatement misstatements of fact made by the Director on any application for life insurance purchased by the CompanyBank, or (ii) for any other reason; provided, however that the Bank shall evaluate the reason for the denial, and upon advice of legal counsel and in its sole discretion, consider judicially challenging any denial.
Appears in 6 contracts
Samples: Split Dollar Life Insurance Agreement (Investors Bancorp Inc), Split Dollar Life Insurance Agreement (Investors Bancorp Inc), Split Dollar Life Insurance Agreement (Investors Bancorp Inc)
Suicide or Misstatement. No benefits shall be payable if the Director commits suicide within two years after the date of this the Prior Agreement, or if the Director has made any insurance company denies coverage (i) for material misstatement misstatements of fact made by the Director on any application for life insurance purchased by the CompanyBank, or (ii) for any other reason.
Appears in 6 contracts
Samples: Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Director Retirement Plan Agreement (Malvern Federal Bancorp Inc)
Suicide or Misstatement. No benefits shall be payable if the Director commits suicide within two years after the date of this Agreement, or if the Director has made any insurance company denies coverage for material misstatement misstatements of fact made by the Director on any application for life insurance purchased by the CompanyBank, or any other reason; provided, however that the Bank shall evaluate the reason for the denial, and upon advice of legal counsel and in its sole discretion, consider judicially challenging any denial. The Bank shall have no liability to the Director for any denial of coverage by the insurance company.
Appears in 3 contracts
Samples: Director Split Dollar Agreement (Juniata Valley Financial Corp), Director Retirement Agreement (Juniata Valley Financial Corp), Director Split Dollar Agreement (Juniata Valley Financial Corp)
Suicide or Misstatement. No benefits shall be payable if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any insurance company denies coverage (i) for material misstatement misstatements of fact made by the Director on any application for life insurance purchased by the Company., or (ii) for any other reason. THE FIRST NATIONAL BANK OF MIFFLINTOWN Split Dollar Agreement
Appears in 2 contracts
Samples: Split Dollar Agreement (First Community Financial Corp), Split Dollar Agreement (First Community Financial Corp)
Suicide or Misstatement. No benefits shall be payable if the Director commits suicide within two 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.. ARTICLE
Appears in 1 contract
Samples: Director Retirement Agreement
Suicide or Misstatement. No benefits shall be payable if the Director commits suicide within two years after the date of this Agreement, or if the Director has made any insurance company denies coverage (i) for material misstatement misstatements of fact made by the Director on any application for life insurance purchased by the CompanyBank, or (ii) for any other reason.
Appears in 1 contract
Samples: Director Retirement Plan Agreement (Malvern Federal Bancorp Inc)
Suicide or Misstatement. No benefits shall be payable under this Agreement after the Director’s death if the Director commits suicide within two (2) years after the original date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the CompanyBank.
Appears in 1 contract
Samples: Director Retirement Agreement (Fairfield County Bank Corp.)
