EXHIBIT 10.19 (c)
CORRECTIVE AMENDMENT TO BANKATLANTIC
SPLIT DOLLAR LIFE INSURANCE PLAN AGREEMENT
THIS CORRECTIVE AMENDMENT TO BANKATLANTIC SPLIT DOLLAR LIFE INSURANCE
PLAN AGREEMENT ("this Amendment") is made as of this ___ day of _____________,
1999 by and between BankAtlantic, a Federal Savings Bank (the "Bank"), and Xxxx
X. Xxxxx (the "Employee").
W I T N E S S E T H:
WHEREAS, the Bank and the Employee entered into an agreement known as
the BankAtlantic Split Dollar Life Insurance Plan Agreement effective March 1,
1996 (the "Agreement"), which involved a life insurance policy insuring
Employee's life;
WHEREAS, Schedule A to the Agreement contained information about the
life insurance policy insuring Employee's life and the Bank's and the Employee's
respective interests in the death benefit provided by the policy;
WHEREAS, due to an apparent scrivener's error, Schedule A to the
Agreement incorrectly listed the policy number of the life insurance policy
insuring Employee's life; and
WHEREAS, the parties desire to correct this scrivener's error in the
listing of the life insurance policy number on Schedule A to the Agreement.
NOW, THEREFORE, the parties agree as follows:
Schedule A to the Split Dollar Life Insurance Agreement effective March
1, 1996 between BankAtlantic, a Federal Savings Bank, and Xxxx X. Xxxxx is
corrected to read as provided in the attachment to this Corrective Amendment,
effective March 1, 1996.
IN WITNESS WHEREOF, the parties have executed this Corrective Amendment
effective as provided herein.
BANKATLANTIC, A FEDERAL
SAVINGS BANK EMPLOYEE:
By:
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Printed Name: XXXX X. XXXXX
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Title:
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