Examples of Deferred Fee Agreement in a sentence
However, the amount paid to the Insured, the Insured’s transferee and the Insured’s beneficiary(ies) or estate shall be reduced by any amounts paid under the Deferred Fee Agreement and the Insured, the Insured’s transferee and the Insured’s beneficiary(ies) or estate shall have no rights or interests in the Policy beyond the amount due and payable.
This Split Dollar Agreement and Endorsement and the Deferred Fee Agreement constitute the entire agreement between the Bank and the Director concerning the subject matter hereof.
The Bank’s failure to obtain such an assumption agreement before succession becomes effective shall be considered a breach of the Split Dollar Agreement and Endorsement and shall entitle the Director to the Change of Control benefit payable under the Deferred Fee Agreement.
Any amounts invested under the provisions of the Deferred Fee Agreement continue for all purposes to be part of the general assets of the Fund, and the Investment Manager has no property interest in any of such assets.
Capitalized terms not otherwise defined in this Split Dollar Agreement And Endorsement are used herein as defined in the Second Amended and Restated Director Deferred Fee Agreement dated as of February 13, 2002, as amended June 18, 2003, and January 1, 2009 (the “Deferred Fee Agreement”).