Common use of Beneficiary Clause in Contracts

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions under this Agreement upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated under any other plan of the Bank in which the Director participates.

Appears in 10 contracts

Samples: Stock Appreciation Rights Agreement (Kinderhook Bank Corp), Stock Appreciation Rights Agreement (Kinderhook Bank Corp), Director Retirement Agreement (Mercer Bancorp, Inc.)

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Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary Beneficiary(ies) to receive any benefit distributions benefits distributable under this the Agreement to a beneficiary upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated Beneficiary designation under any other plan of the Bank in which the Director participates.

Appears in 7 contracts

Samples: Compensation Agreement (Greene County Bancshares Inc), Compensation Agreement (Greene County Bancshares Inc), Compensation Agreement (Greene County Bancshares Inc)

Beneficiary. The Each Director shall have the right, at any time, to designate a Beneficiary Beneficiary(ies) to receive any benefit distributions benefits payable under this the Agreement to a beneficiary upon the death of the a Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated Beneficiary designation under any other plan of the Bank Company in which the Director participates.

Appears in 7 contracts

Samples: Director Deferred Fee Agreement (Penns Woods Bancorp Inc), Director Deferred Fee Agreement (Penns Woods Bancorp Inc), Director Deferred Fee Agreement (Penns Woods Bancorp Inc)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions benefits payable under this the Agreement upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated under any other plan Agreement of the Bank in which the Director participates.

Appears in 6 contracts

Samples: Split Dollar Life Insurance Agreement (Investors Bancorp Inc), Split Dollar Life Insurance Agreement (New Investors Bancorp, Inc.), Split Dollar Life Insurance Agreement (Investors Bancorp Inc)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions under this Agreement upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated under any other plan of the Bank Company in which the Director participates.

Appears in 6 contracts

Samples: Director Retirement Agreement (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions benefits distributable under this the Agreement to a Beneficiary upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated under any other plan of the Bank Company in which the Director participates.

Appears in 5 contracts

Samples: Director Deferred Fee Agreement (First Community Financial Corp), Director Revenue Neutral Retirement Agreement (First Community Financial Corp), Director Revenue Neutral Retirement Agreement (First Community Financial Corp)

Beneficiary. The Each Director shall have the right, at any time, to designate a Beneficiary Beneficiary(ies) to receive any benefit distributions benefits payable under this the Agreement to a Beneficiary upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated designation under any other plan of the Bank in which the Director participates.

Appears in 4 contracts

Samples: Director Deferred Fee Agreement (Home Federal Bancorp), Director Deferred Fee Agreement (Home Federal Bancorp), Director Deferred Fee Agreement (Madison County Financial, Inc.)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary Beneficiary(ies) to receive any benefit distributions benefits distributable under this the Agreement to a Beneficiary upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated designation under any other plan of the Bank in which the Director participates.

Appears in 4 contracts

Samples: Director Deferred Compensation Agreement (First Farmers & Merchants Corp), First Farmers and Merchants Bank Director Deferred Compensation Agreement (First Farmers & Merchants Corp), Pacific Premier Bank Director Deferred Compensation Agreement (Pacific Premier Bancorp Inc)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions benefits payable under this the Agreement upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated under any other plan Agreement of the Bank Company in which the Director participates.

Appears in 2 contracts

Samples: Split Dollar Agreement (First Community Financial Corp), Split Dollar Agreement (First Community Financial Corp)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary Beneficiary(ies) to receive any benefit distributions benefits distributable under this the Agreement to a Beneficiary upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated designation under any other plan of the Bank Company in which the Director participates.

Appears in 2 contracts

Samples: First Farmers and Merchants Corporation Director Deferred Compensation Agreement (First Farmers & Merchants Corp), Director Deferred Compensation Agreement (First Farmers & Merchants Corp)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary Beneficiary(ies) to receive any benefit distributions benefits payable under this the Agreement upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated designation under any other plan Agreement of the Bank in which the Director participates.

Appears in 2 contracts

Samples: Endorsement Split Dollar Life Insurance Agreement (Heritage NOLA Bancorp, Inc.), Split Dollar Life Insurance Agreement (Temecula Valley Bancorp Inc)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary Beneficiary(ies) to receive any benefit distributions benefits distributable under this the Agreement to a Beneficiary upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated designation under any other plan of the Company and/or the Bank in which the Director participates.

Appears in 2 contracts

Samples: Director Deferred Compensation Agreement (Sussex Bancorp), Director Deferred Compensation Agreement (Sussex Bancorp)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary (ies) to receive any benefit distributions under this Agreement upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated designation under any other plan of the Bank in which the Director participates.

Appears in 1 contract

Samples: Company Director Retirement Agreement (Ohio Valley Banc Corp)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions benefits payable under this the Agreement upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated under any other plan Agreement of the the: Bank in which the Director participates.

Appears in 1 contract

Samples: Split Dollar Life Insurance Agreement (Alamogordo Financial Corp)

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Beneficiary. The Director shall have the right, may at any time, to time designate a Beneficiary Beneficiary(ies) (both primary and contingent) to receive any benefit distributions under this Agreement distribution of his Account upon the death of the Director’s death. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated designation under any other plan of the Bank Corporation in which the Director participates.

Appears in 1 contract

Samples: Deferred Compensation Plan for Outside Directors (Provident Bankshares Corp)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions benefits payable under this the Agreement upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated designation under any other plan Agreement of the Bank in which the Director participates.

Appears in 1 contract

Samples: Supplemental Life Insurance Agreement (Ameriana Bancorp)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary Beneficiary(ies) to receive any benefit distributions benefits payable under this the Agreement to a Beneficiary upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated designation under any other plan of the Bank in which the Director participates.

Appears in 1 contract

Samples: Ohio Valley Banc Corp

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary Beneficiary(ies) to receive any benefit distributions under this Agreement to a Beneficiary upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated designation under any other plan of the Bank Company in which the Director participates.. Cape Savings Bank Amended and Restated Director Retirement Agreement

Appears in 1 contract

Samples: Director Retirement Agreement (Cape Bancorp, Inc.)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary Beneficiary(ies) to receive any benefit distributions benefits distributable under this the Agreement to a Beneficiary upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated designation under any other plan of the Bank Corporation in which the Director participates.

Appears in 1 contract

Samples: Director Deferred Compensation Agreement (First Farmers & Merchants Corp)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary Beneficiary(ies) to receive any benefit distributions benefits distributable under this the Agreement to a Beneficiary upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated under any other plan of the Bank Company in which the Director participates.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Mid Penn Bancorp Inc)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions benefits distributable under this the Agreement to a Beneficiary upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated under any other plan of the Bank in which the Director participates.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Central Valley Community Bancorp)

Beneficiary. The Director shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions benefits payable under this the Agreement upon the death of the Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated designation under any other plan Agreement of the Bank in which the Director participates.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Madison County Financial, Inc.)

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