Common use of Comparable Coverage Clause in Contracts

Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's interest in the Policy, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute a new Split Dollar Policy Endorsement for said comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Company's creditors.

Appears in 12 contracts

Samples: Dollar Agreement (East West Bancorp Inc), Bank Split Dollar Agreement (Temecula Valley Bancorp Inc), Bank Split Dollar Agreement (Temecula Valley Bancorp Inc)

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Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's ’s interest in the Policy, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute a new Split Dollar Policy Endorsement for said comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Company's ’s creditors.

Appears in 11 contracts

Samples: Split Dollar Agreement (Sierra Bancorp), Continuation Agreement (Premier Commercial Bancorp), Continuation Agreement (Premier Commercial Bancorp)

Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's Director’s interest in the Policy, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive Director execute a new Split Dollar Policy Endorsement for said comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Company's ’s creditors.

Appears in 10 contracts

Samples: Director Retirement Agreement (Sierra Bancorp), First California Bank (FCB Bancorp), Agreement (Sierra Bancorp)

Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's Director’s interest in the Policy, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute executes a new Split Dollar Policy Endorsement for said comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Company's ’s creditors.

Appears in 5 contracts

Samples: Split Dollar Agreement (CFSB Bancorp, Inc. /MA/), Split Dollar Agreement (CFSB Bancorp, Inc. /MA/), Split Dollar Agreement (CFSB Bancorp, Inc. /MA/)

Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's ’s interest in the Policy, unless this Agreement is terminated in accordance with Article 7 or the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute a new Split Dollar Policy Endorsement Endorsement/Beneficiary Designation for said comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Company's ’s creditors.

Appears in 2 contracts

Samples: California Split Dollar Agreement (Business Bancorp /Ca/), California Split Dollar Agreement (Business Bancorp /Ca/)

Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's interest in the Policy, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute a new Split Dollar Policy Endorsement for or said comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Company's creditors.

Appears in 1 contract

Samples: Split Dollar Agreement (First National Lincoln Corp /Me/)

Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's ’s interest in the Policy, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute a new Split Dollar Policy Endorsement for said comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Company's Company creditors.

Appears in 1 contract

Samples: Split Dollar Agreement (FCB Bancorp)

Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy in full force and effect and in no event shall the Company company amend, terminate or otherwise abrogate the Executive's ’s interest in the PolicyPolicy prior to Executive’s Termination of Employment, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute a new Split Dollar Policy Endorsement for said comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Company's ’s creditors.

Appears in 1 contract

Samples: Split Dollar Agreement (Harvard Illinois Bancorp, Inc.)

Comparable Coverage. Upon execution of this Agreement, the The Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's interest in the Policy, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute a new Split Dollar Policy Endorsement for said comparable insurance policyAgreement. The Policy or any comparable policy shall be subject to the claims of the Company's creditors.

Appears in 1 contract

Samples: Agreement (Greater Rome Bancshares Inc)

Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's interest in the Policy, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute a new Split Dollar Policy Endorsement for said comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of or the Company's creditors.

Appears in 1 contract

Samples: Dollar Agreement (Pacific State Bancorp)

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Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's ’s interest in the Policy, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute a new Split Dollar Policy Endorsement for said comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Company's ’s creditors.

Appears in 1 contract

Samples: Dollar Agreement (FCB Bancorp)

Comparable Coverage. Upon execution of this Agreement, the The Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's interest in the Policy, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute a new Split Dollar Policy Endorsement for said comparable insurance policyAgreement. The Policy or any comparable policy shall be subject to the claims of the Company's creditors.. Article 3

Appears in 1 contract

Samples: Agreement (Greater Rome Bancshares Inc)

Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the ExecutiveDirector's interest in the Policy, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute executes a new Split Dollar Policy Agreement and Endorsement for said comparable insurance policy. The Policy or any comparable policy shall be subject to the claims of the Company's creditors.

Appears in 1 contract

Samples: Split Dollar Agreement (Cortland Bancorp Inc)

Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's interest in the Policy, unless the Company replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute a new Split Dollar Policy Endorsement for said comparable insurance policyAgreement. The Policy or any comparable policy shall be subject to the claims of the Company's creditors.

Appears in 1 contract

Samples: Agreement (Peoples Financial Corp /MS/)

Comparable Coverage. Upon execution of this Agreement, the Company shall maintain the Policy Policies in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Executive's interest in the PolicyPolicies, unless the Company replaces the a Policy with a comparable insurance policy to cover the benefit provided under this Agreement and the Company and the Executive execute a new Split Dollar Policy Endorsement for said comparable insurance policyAgreement. The Policy Policies or any comparable policy policies shall be subject to the claims of the Company's creditors.

Appears in 1 contract

Samples: Agreement (Peoples Financial Corp /MS/)

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