Vested Insurance Benefit. If the Executive has a Vested Insurance Benefit, the Bank may amend or terminate this Agreement for the Executive only if (i) the Executive agrees to such action, or (ii) the Bank’s banking regulators issue a written directive to amend or terminate the Agreement.
Appears in 4 contracts
Samples: Southside Bank Split Dollar Agreement (Southside Bancshares Inc), Split Dollar Agreement (Southside Bancshares Inc), Split Dollar Agreement (Southside Bancshares Inc)
Vested Insurance Benefit. If the Executive has a Vested Insurance Benefit, the Bank Company may amend or terminate this the Agreement for the Executive only if if: (i) continuation of the Agreement would cause significant financial harm to the Company, (ii) the Executive agrees to such action, or (iiiii) the Bank’s Company's banking regulators issue regulator(s) issues a written directive to amend or terminate the Agreement.
Appears in 3 contracts
Samples: Supplemental Life Insurance Agreement (West Pointe Bancorp Inc), Supplemental Life Insurance Agreement (West Pointe Bancorp Inc), Supplemental Life Insurance Agreement (West Pointe Bancorp Inc)
Vested Insurance Benefit. If the Executive has a Vested Insurance Benefit, the Bank may amend or terminate this the Agreement for the Executive only if if: (i) continuation of the Agreement would cause significant financial harm to the Bank, (ii) the Executive agrees to such action, or (iiiii) the Bank’s banking regulators issue regulator(s) issues a written directive to amend or terminate the Agreement.
Appears in 2 contracts
Samples: Supplemental Life Insurance Agreement (Northern California Bancorp Inc), Supplemental Life Insurance Agreement (Illini Corp)
Vested Insurance Benefit. If the Executive has a Vested Insurance Benefit, the Bank may amend or terminate this Agreement for the Executive only if (i) the Executive agrees to such action, or (ii) the Bank’s banking regulators issue a written directive to amend or terminate the Agreement.. LEGAL02/40129087v1
Appears in 1 contract
Vested Insurance Benefit. If the Executive has a Vested Insurance Benefit, the Bank may amend or terminate this the Agreement for the Executive only if if: (i) continuation of the Agreement would cause significant financial harm to the Bank as determined by the Board in its sole discretion, (ii) the Executive agrees to such action, or (iiiii) the Bank’s banking regulators issue regulator(s) issues a written directive to amend or terminate the Agreement or (iv) the Policy has been terminated unless comparable coverage is provided pursuant to Article 4.1. CENTERSTATE BANK OF FLORIDA Split-Dollar Agreement.
Appears in 1 contract
Samples: Split Dollar Agreement (Centerstate Banks of Florida Inc)
Vested Insurance Benefit. If the Executive has a Vested Insurance Benefit, the Bank may amend or terminate this the Agreement for the Executive only if if: (i) continuation of the Agreement would cause significant financial harm to the Bank, (ii) the Executive agrees to such action, or (iiiii) the Bank’s banking regulators issue regulator(s) issues a written directive to amend or to terminate the Agreement.
Appears in 1 contract
Samples: Supplemental Life Insurance Agreement (Northern California Bancorp Inc)
Vested Insurance Benefit. If the Executive has a Vested Insurance Benefit, the Bank may amend or terminate this the Agreement for the Executive only if if: (i) continuation of the Agreement would cause significant financial harm to the Bank as determined by the Board in its sole discretion, (ii) the Executive agrees to such action, or (iiiii) the Bank’s banking regulators issue regulator(s) issues a written directive to amend or terminate the AgreementAgreement or (iv) the Policy has been terminated unless comparable coverage is provided pursuant to Article 4.1.
Appears in 1 contract
Samples: Split Dollar Agreement (Centerstate Banks of Florida Inc)
