Common use of Trust as a Secondary (Contingent) Designation Clause in Contracts

Trust as a Secondary (Contingent) Designation. Name of the Trust: Execution Date of the Trust: / / Name of the Trustee: Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ All sums payable under the Life Insurance Endorsement Method Split Dollar Plan Agreement by reason of my death shall be paid to the Primary Beneficiary(ies), if he or she survives me, and if no Primary Beneficiary(ies) shall survive me, then to the Secondary (Contingent) Beneficiary(ies). This beneficiary designation is valid until the participant notifies the bank in writing.

Appears in 2 contracts

Samples: Method Split Dollar Plan (South Street Financial Corp), Method Split Dollar Plan (South Street Financial Corp)

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Trust as a Secondary (Contingent) Designation. Name of the Trust: Execution Date of the Trust: / / Name of the Trustee: Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ All sums payable under the Life Insurance Endorsement Method Split Dollar Plan Agreement by reason of my death shall be paid to the Primary Beneficiary(ies), if he or she survives me, and if no Primary Beneficiary(ies) shall survive me, then to the Secondary (Contingent) Beneficiary(ies). This beneficiary designation is valid until the participant notifies the bank in writing.. [Executive] Date

Appears in 1 contract

Samples: Crescent Banking Co

Trust as a Secondary (Contingent) Designation. Name of the Trust: Execution Date of the Trust: / / Name of the Trustee: Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ All sums payable under the Life Insurance Endorsement Method Split Dollar Executive Supplemental Retirement Plan Agreement by reason of my death shall be paid to the Primary Beneficiary(ies), if he or she survives me, and if no Primary Beneficiary(ies) shall survive me, then to the Secondary (Contingent) Beneficiary(ies). This beneficiary designation is valid until the participant notifies the bank in writing.

Appears in 1 contract

Samples: Agreement (South Street Financial Corp)

Trust as a Secondary (Contingent) Designation. Name of the Trust: Execution Date of the Trust: / / Name of the Trustee: Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): __________________________________________________________________ Execution Date of the Trust: _______/_______/_______ Name of the Trustee: ________________________________________________________________ Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): _________________________________________________________________________________ ______________________________________________________________________________________________________ All sums payable under the Life Insurance Endorsement Method Split Dollar Plan Director Fee Continuation Agreement by reason of my death shall be paid to the Primary Beneficiary(ies), if he or she survives me, and if no Primary Beneficiary(ies) shall survive me, then to the Secondary (Contingent) Beneficiary(ies). This beneficiary designation is valid until the participant notifies the bank in writing.. Director Date

Appears in 1 contract

Samples: Director Fee Continuation Agreement (GCF Bancorp Inc)

Trust as a Secondary (Contingent) Designation. Name of the Trust: Execution Date of the Trust: / / Name of the Trustee: Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): _______________________________________________________________________________________________________________ _______________________________________________________________________________________________________________ All sums payable under the Life Insurance Endorsement Method Split Dollar Executive Supplemental Retirement Plan Agreement by reason of my death shall be paid to the Primary Beneficiary(ies), if he or she survives me, and if no Primary Beneficiary(ies) shall survive me, then to the Secondary (Contingent) Beneficiary(ies). This beneficiary designation is valid until the participant notifies the bank in writing.. [Executive] Date

Appears in 1 contract

Samples: Agreement (Crescent Banking Co)

Trust as a Secondary (Contingent) Designation. Name of the Trust: Execution Date of the Trust: / / Name of the Trustee: Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ All sums payable under the Life Insurance Endorsement Method Split Dollar Director Deferral Plan Agreement by reason of my death shall be paid to the Primary Beneficiary(ies), if he or she survives me, and if no Primary Beneficiary(ies) shall survive me, then to the Secondary (Contingent) Beneficiary(ies). This beneficiary designation is valid until the participant notifies the bank in writing.

Appears in 1 contract

Samples: Agreement (South Street Financial Corp)

Trust as a Secondary (Contingent) Designation. Name of the Trust: Execution Date of the Trust: / / Name of the Trustee: Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ All sums payable under the Life Insurance Endorsement Method Split Dollar Plan Agreement by reason of my death shall be paid to the Primary Beneficiary(ies), if he or she survives me, and if no Primary Beneficiary(ies) shall survive me, then to the Secondary (Contingent) Beneficiary(ies). This beneficiary designation is valid until the participant notifies the bank in writing.. Date

Appears in 1 contract

Samples: Plan Agreement (Citizens Financial Corp/De/)

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Trust as a Secondary (Contingent) Designation. Name of the Trust: Execution Date of the Trust: / / Name of the Trustee: Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ All sums payable under the Amended and Restated Life Insurance Endorsement Method Split Dollar Plan Agreement by reason of my death shall be paid to the Primary Beneficiary(ies), if he or she survives me, and if no Primary Beneficiary(ies) shall survive me, then to the Secondary (Contingent) Beneficiary(ies). This beneficiary designation is valid until the participant notifies the bank Employer in writing.. Xxxxx X. Xxxxxxxx Date

Appears in 1 contract

Samples: Endorsement Method Split Dollar Plan (Greater Bay Bancorp)

Trust as a Secondary (Contingent) Designation. Name of the Trust: Execution Date of the Trust: / / Name of the Trustee: Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ All sums payable under the Life Insurance Endorsement Method Split Dollar Director Supplemental Retirement Plan Agreement by reason of my death shall be paid to the Primary Beneficiary(ies), if he or she survives me, and if no Primary Beneficiary(ies) shall survive me, then to the Secondary (Contingent) Beneficiary(ies). This beneficiary designation is valid until the participant notifies the bank in writing.

Appears in 1 contract

Samples: Agreement (South Street Financial Corp)

Trust as a Secondary (Contingent) Designation. Name of the Trust: ________________________________________________________________________________________ Execution Date of the Trust: / / Name of the Trustee: _____________________________________________________________________________________ Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ All sums payable under the Life Insurance Endorsement Method Split Dollar Plan Agreement this Beneficiary Designation by reason of my death shall be paid to the Primary Beneficiary(ies), if he or she survives me, and if no Primary Beneficiary(ies) shall survive me, then to the Secondary (Contingent) Beneficiary(ies). This beneficiary designation is valid until the Executive participant notifies the bank Bank in writingwriting of a change.

Appears in 1 contract

Samples: Supplemental Compensation Agreement (Columbia Banking System Inc)

Trust as a Secondary (Contingent) Designation. Name of the Trust: Execution Date of the Trust: / / Name of the Trustee: Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): __________________________________________________________________ Execution Date of the Trust: _______/_______/_______ Name of the Trustee: ________________________________________________________________ Beneficiary(ies) of the Trust (please indicate the percentage for each beneficiary): ___________________________________________________________________________ ______________________________________________________________________________________________________ All sums payable under the Life Insurance Endorsement Method Split Dollar Director Fee Continuation Plan Agreement by reason of my death shall be paid to the Primary Beneficiary(ies), if he or she survives me, and if no Primary Beneficiary(ies) shall survive me, then to the Secondary (Contingent) Beneficiary(ies). This beneficiary designation is valid until the participant notifies the bank in writing.. Executive Date

Appears in 1 contract

Samples: Executive Incentive Retirement Plan Agreement (GCF Bancorp Inc)

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