TRANSFER OF POLICY. (a) Except as provided in subsection (b) below and as otherwise provided herein, neither the Employee nor any donee of the Employee's, without the express written consent of the Bank, shall sell, assign, transfer, borrow against, surrender or cancel the Policy, change the beneficiary designation provision thereof, or terminate the dividend election thereof.
Appears in 6 contracts
Samples: Split Dollar Agreement (Warren Bancorp Inc), Split Dollar Agreement (Warren Bancorp Inc), Split Dollar Agreement (Warren Bancorp Inc)