Endorsement Split-Dollar Agreement Sample Contracts

FORM OF AGREEMENT]
Endorsement Split Dollar Agreement • January 5th, 2009 • Southcoast Financial Corp • State commercial banks • South Carolina
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MOUNTAIN 1ST BANK & TRUST COMPANY AMENDED ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • February 2nd, 2009 • 1st Financial Services CORP • State commercial banks • North Carolina

This AMENDED ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 30th day of January, 2009 by and between Mountain 1st Bank & Trust Company, a North Carolina-chartered bank (the “Bank”), and Kirk P. Robinson, an executive of the Bank (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

TODHUNTER INTERNATIONAL, INC. West Palm Beach, FL 33401 ENDORSEMENT SPLIT- DOLLAR AGREEMENT
Endorsement Split-Dollar Agreement • May 14th, 2004 • Todhunter International Inc • Malt beverages • Florida

THIS ENDORSEMENT SPLIT-DOLLAR AGREEMENT (this “Agreement”) is entered into this 20th day of February 2004, by and between Todhunter International, Inc., a Delaware corporation (the “Corporation”) and Chester Brandes (the “Executive”).

EX-10.VI.C 10 dex10vic.htm ENDORSEMENT SPLIT DOLLAR AGREEMENT BETWEEN BANK OF NORTH CAROLINA & DAVID B BANK OF NORTH CAROLINA ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • May 5th, 2020 • North Carolina

THIS ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 31st day of December, 2004 by and between Bank of North Carolina, a North Carolina-chartered commercial bank (the “Bank”), and David Spencer, its Chief Financial Officer (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

Tidelands Bank Endorsement Split Dollar Agreement
Endorsement Split Dollar Agreement • May 7th, 2008 • Tidelands Bancshares Inc • National commercial banks • South Carolina

This Endorsement Split Dollar Agreement (this “Agreement”) is entered into as of this 1st day of May, 2008 by and between Tidelands Bank, a South Carolina-chartered bank (the “Bank”), and Robert E. Coffee Jr., an executive of the Bank (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the Bank and the Executive. Whereas, to encourage the Executive to remain a Bank employee, the Bank is willing to divide the death proceeds of a life insurance policy on the Executive’s life, and Whereas, the Bank will pay life insurance premiums from its general assets. Now Therefore, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows.

Crescent State Bank Endorsement Split Dollar Agreement
Endorsement Split Dollar Agreement • March 11th, 2008 • Crescent Financial Corp • State commercial banks • North Carolina

This Endorsement Split Dollar Agreement (this “Agreement”) is entered into as of this 24th day of October, 2007 by and between Crescent State Bank, a North Carolina-chartered commercial bank (the “Bank”), and Ray Vaughn, an executive of the Bank (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

BANK OF NORTH CAROLINA AMENDED ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • December 27th, 2007 • BNC Bancorp • National commercial banks • North Carolina

This AMENDED ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this day of , 2007, by and between Bank of North Carolina, a North Carolina-chartered bank (the “Bank”), and Ralph N. Strayhorn III, an executive of the Bank (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

EX-10.(XIII) 2 dex10xiii.htm AMENDED ENDORSEMENT SPLIT DOLLAR AGREEMENT BANK OF OAK RIDGE AMENDED ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • May 5th, 2020 • North Carolina

This AMENDED ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 19th day of December, 2007 by and between Bank of Oak Ridge, a North Carolina-chartered commercial bank (the “Bank”), and Ronald O. Black, its President and Chief Executive Officer (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

ENDORSEMENT SPLIT-DOLLAR AGREEMENT Effective June 1, 2006
Endorsement Split-Dollar Agreement • June 18th, 2010 • Charter Financial Corp/Ga • Savings institution, federally chartered • Georgia

This Endorsement Split-Dollar Agreement (“Agreement”) made and entered into by and between CharterBank, West Point, Georgia (“Employer”) and David Z. Cauble (“Director”);

BANK OF WILMINGTON ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • November 14th, 2005 • Bank of Wilmington CORP • National commercial banks • North Carolina

THIS ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 23rd day of June, 2005 by and between Bank of Wilmington, a North Carolina-chartered commercial bank (the “Bank”), and John Cameron Coburn, its President and Chief Executive Officer (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

Paragon Commercial Bank Endorsement Split Dollar Agreement
Endorsement Split Dollar Agreement • May 26th, 2016 • Paragon Commercial CORP • State commercial banks • North Carolina

This Endorsement Split Dollar Agreement (this “Agreement”) is entered into as of this 1st day of July, 2007 by and between Paragon Commercial Bank, a North Carolina-chartered bank (the “Bank”), and Matthew C. Davis, its Senior Vice President (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

Amendment to Endorsement Split Dollar Agreement
Endorsement Split Dollar Agreement • November 7th, 2011 • Crescent Financial Corp • State commercial banks

This Amendment to Endorsement Split Dollar Agreement (this “Amendment”) is entered into effective as of this 2nd day of November, 2011 by and between Crescent State Bank, a North Carolina-chartered bank (the “Bank”), and Bruce W. Elder (the “Executive”), and amends that certain Endorsement Split Dollar Agreement effective as of October 1, 2003 among the aforesaid parties (the “Agreement”).

ENDORSEMENT SPLIT-DOLLAR AGREEMENT
Endorsement Split-Dollar Agreement • November 13th, 2020 • ServisFirst Bancshares, Inc. • State commercial banks • Alabama

This ENDORSEMENT SPLIT-DOLLAR AGREEMENT (this “Agreement”) is made and entered into effective as of the 9th day of November, 2020 (the “Effective Date”), by and between ServisFirst Bank, an Alabama corporation (the “Bank”), and Rodney E. Rushing, an individual (“Insured”).

CRESCENT STATE BANK ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • March 30th, 2004 • Crescent Financial Corp • Savings institution, federally chartered • North Carolina

THIS ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 1st day of October, 2003 by and between Crescent State Bank, a North Carolina-chartered commercial bank located in Cary, North Carolina (the “Bank”), and Thomas E. Holder, Jr., its Senior Vice President (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

ENDORSEMENT SPLIT-DOLLAR
Endorsement Split-Dollar Agreement • June 18th, 2010 • Charter Financial Corp/Ga • Savings institution, federally chartered • Georgia

This Endorsement, Split-Dollar Agreement (“Agreement”) made and entered into by and between CharterBank, West Point, Georgia (“Employer”) and David L. Strobel (“Director”);

ENDORSEMENT SPLIT-DOLLAR
Endorsement Split-Dollar Agreement • June 18th, 2010 • Charter Financial Corp/Ga • Savings institution, federally chartered • Georgia

This Endorsement Split-Dollar Agreement (“Agreement”) made and entered into by and between CharterBank, West Point, Georgia (“Employer”) and Jane W. Darden (“Director”);

Southern Community Bank and Trust Endorsement Split Dollar Agreement
Endorsement Split Dollar Agreement • March 14th, 2008 • Southern Community Financial Corp • State commercial banks • North Carolina

This Endorsement Split Dollar Agreement (this “Agreement”) is entered into as of this 14th day of March , 2007 by and between Southern Community Bank and Trust, a North Carolina-chartered bank (the “Bank”), and F. Scott Bauer, an executive of the Bank (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

FEDERAL HOME LOAN BANK OF BOSTON ENDORSEMENT SPLIT-DOLLAR AGREEMENT
Endorsement Split-Dollar Agreement • November 8th, 2019 • Federal Home Loan Bank of Boston • Federal & federally-sponsored credit agencies • Massachusetts

THIS AGREEMENT is adopted this 24th day of May, 2005, by and between FEDERAL HOME LOAN BANK OF BOSTON, a bank organized under the laws of the Commonwealth of Massachusetts with its main office in Boston, Massachusetts (the "Bank"), and FRANK NITKIEWICZ (the "Executive").

Contract
Endorsement Split Dollar Agreement • November 5th, 2015 • Southcoast Financial Corp • State commercial banks
CORTLAND SAVINGS AND BANKING COMPANY ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • March 29th, 2012 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 27th day of March, 2012, by and between Cortland Savings and Banking Company, an Ohio-chartered, FDIC-insured member bank (the “Bank”), and David Lucido, an executive of the Bank (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the Bank and the Executive.

ENDORSEMENT SPLIT DOLLAR AGREEMENTS AND AMENDMENTS THERETO WITH MESSRS. BLAIR, NAUGHTON, SARGEANT, FULLER, HOREY AND MEYER
Endorsement Split Dollar Agreement • February 23rd, 2011 • Avalonbay Communities Inc • Real estate investment trusts

[Form of individual Endorsement Split Dollar Agreements between the Company and Bryce Blair (dated January 16, 2003 for $2,500,000), Timothy J. Naughton (dated January 28, 2003 for $1,500,000), Thomas J. Sargeant (dated January 21, 2003 for $1,500,000), Samuel B. Fuller (dated January 23, 2003 for $1,500,000), Leo S. Horey (dated February 19, 2003 for $750,000), and Gilbert M. Meyer (February 5, 2003 for $2,500,000).]

THE SAVINGS BANK OF UTICA ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • February 27th, 2004 • Partners Trust Financial Group Inc • National commercial banks • New York

THIS AGREEMENT (“Agreement”) made the 27th day of June, 2001 by and between The Savings Bank of Utica, New York (hereinafter called “the Employer”) and John A. Zawadzki (hereinafter called “Employee”).

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AMENDMENT TO THE ENDORSEMENT SPLIT-DOLLAR AGREEMENT
Endorsement Split-Dollar Agreement • April 9th, 2009 • Chase Corp • Electric lighting & wiring equipment

This Amendment to the Endorsement Split-Dollar Agreement is made and entered into as of this 30th day of December 2008 by and among CHASE CORPORATION, a Massachusetts corporation (the “Corporation”) and Sarah Chase, in her capacity as the trustee of the ELC Irrevocable Life Insurance Trust, an agreement of trust dated May 27, 1995 (referred to hereunder, together with any additional or successor trustee serving under said agreement, as the “Trustee”).

AMENDMENT TO ENDORSEMENT SPLIT DOLLAR AGREEMENT OF MIDCAROLINA BANK AND
Endorsement Split Dollar Agreement • March 21st, 2008 • Midcarolina Financial Corp • State commercial banks

Whereas, MidCarolina Bank (the “Bank”) and (the “Executive”) are parties to an Endorsement Split Dollar Agreement dated , 2004 (the “Split Dollar Agreement”), previously amended by the parties to delete Section 2.2(b); and

ENDORSEMENT SPLIT DOLLAR AGREEMENTS AND AMENDMENTS THERETO WITH MESSRS. BLAIR, NAUGHTON, SARGEANT, FULLER, HOREY AND MEYER
Endorsement Split Dollar Agreement • May 6th, 2005 • Avalonbay Communities Inc • Real estate investment trusts

[Form of individual Endorsement Split Dollar Agreements between the Company and Bryce Blair (dated January 16, 2003 for $2,500,000), Timothy J. Naughton (dated January 28, 2003 for $1,500,000), Thomas J. Sargeant (dated January 21, 2003 for $1,500,000), Samuel B. Fuller (dated January 23, 2003 for $1,500,000), Leo S. Horey (dated February 19, 2003 for $750,000), and Gilbert M. Meyer (February 5, 2003 for $2,500,000).]

MIDCAROLINA BANK ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 1st day of October, 2004 by and between MidCarolina Bank, a North Carolina-chartered commercial bank (the “Bank”), and Robert C. Patterson, an officer of the Bank (the “Officer”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

FIRST AMENDMENT TO THE SERVICE 1ST BANK ENDORSEMENT SPLIT-DOLLAR AGREEMENT DATED SEPTEMBER 10, 2003 FOR JOHN BROOKS
Endorsement Split-Dollar Agreement • August 25th, 2008 • Service 1st Bancorp • State commercial banks

This First Amendment (Amendment) to the Endorsement Split-Dollar Agreement between Service 1st Bank (Split Dollar Agreement) located in Stockton, California (Bank) and John Brooks (Executive) is adopted, effective as of August 21, 2008, as set forth below.

The Cortland Savings and Banking Company Endorsement Split Dollar Agreement
Endorsement Split Dollar Agreement • September 29th, 2005 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Endorsement Split Dollar Agreement is entered into as of this 29th day of September, 2005, by and between The Cortland Savings and Banking Company, an Ohio-chartered bank (the “Bank”) and Rodger W. Platt (the “Executive”).

FIRST AMENDMENT TO THE SERVICE 1ST BANK ENDORSEMENT SPLIT-DOLLAR AGREEMENT DATED SEPTEMBER 10, 2003 FOR ROBERT BLOCH
Endorsement Split-Dollar Agreement • August 25th, 2008 • Service 1st Bancorp • State commercial banks

This First Amendment (Amendment) to the Endorsement Split-Dollar Agreement between Service 1st Bank (Split Dollar Agreement) located in Stockton, California (Bank) and Robert Bloch (Executive) is adopted, effective as of August 21, 2008, as set forth below.

FIRST AMENDMENT TO THE SERVICE 1ST BANK ENDORSEMENT SPLIT-DOLLAR AGREEMENT DATED AUGUST 8, 2005 FOR SHANNON REINARD
Endorsement Split-Dollar Agreement • August 25th, 2008 • Service 1st Bancorp • State commercial banks

This First Amendment (Amendment) to the Endorsement Split-Dollar Agreement between Service 1st Bank (Split Dollar Agreement) located in Stockton, California (Bank) and Shannon Reinard (Executive) is adopted, effective as of August 21, 2008, as set forth below.

Cumberland Bank Endorsement Split Dollar Agreement
Endorsement Split Dollar Agreement • January 31st, 2007 • Civitas Bankgroup Inc • State commercial banks • Tennessee

This Endorsement Split Dollar Agreement (this “Agreement”) is entered into as of this ____ day of ______________, 200___ by and between Cumberland Bank (the “Bank”), and ___, its ___ (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

CORTLAND SAVINGS AND BANKING COMPANY ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • August 13th, 2013 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 23rd day of July, 2013, by and between Cortland Savings and Banking Company, an Ohio-chartered, FDIC-insured member bank (the “Bank”), and Stanley P. Feret, an executive of the Bank (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the Bank and the Executive.

AMENDMENT TO ENDORSEMENT SPLIT DOLLAR AGREEMENT OF MIDCAROLINA BANK AND ROBERT C. PATTERSON
Endorsement Split Dollar Agreement • March 21st, 2008 • Midcarolina Financial Corp • State commercial banks

Whereas, MidCarolina Bank (the “Bank”) and Robert C. Patterson (the “Officer”) are parties to an Endorsement Split Dollar Agreement dated October 1, 2004 (the “Split Dollar Agreement”); and

FIRST AMENDMENT TO THE SERVICE 1ST BANK ENDORSEMENT SPLIT-DOLLAR AGREEMENT DATED SEPTEMBER 10, 2003 FOR BRYAN HYZDU
Endorsement Split-Dollar Agreement • August 25th, 2008 • Service 1st Bancorp • State commercial banks

This First Amendment (Amendment) to the Endorsement Split-Dollar Agreement between Service 1st Bank (Split Dollar Agreement) located in Stockton, California (Bank) and Bryan Hyzdu (Executive) is adopted August 21, 2008, as set forth below.

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