Common use of Comparable Coverage Clause in Contracts

Comparable Coverage. The Bank may replace the Policy with a comparable insurance policy to cover the benefit provided under this Agreement, in which case the Bank and the Executive shall execute a new Split Dollar Policy Endorsement for the comparable insurance policy.

Appears in 30 contracts

Sources: Split Dollar Agreement (Sb Financial Group, Inc.), Endorsement Split Dollar Agreement, Split Dollar Agreement

Comparable Coverage. The Bank may replace the Policy with a comparable insurance policy to cover the benefit provided under this Agreement, in which case the Bank and the Executive shall execute a new Split Split-Dollar Policy Endorsement for the comparable insurance policy.

Appears in 12 contracts

Sources: Split Dollar Agreement (Cortland Bancorp Inc), Split Dollar Agreement (Cortland Bancorp Inc), Split Dollar Agreement and Endorsement (Cortland Bancorp Inc)

Comparable Coverage. The Bank may replace the Policy with a comparable insurance policy to cover the benefit provided under this Split Dollar Agreement, in which case the Bank and the Executive shall execute a new Split Dollar Policy Endorsement for the comparable insurance policy.

Appears in 1 contract

Sources: Split Dollar Agreement (Fidelity Southern Corp)

Comparable Coverage. The Bank may replace the Policy with a comparable insurance policy to cover the benefit provided under this Agreement, in which case the Bank and the Executive shall execute a new Split Split-Dollar Policy Endorsement for the said comparable insurance policy.

Appears in 1 contract

Sources: Split Dollar Agreement (Cortland Bancorp Inc)

Comparable Coverage. The Bank may replace the Policy with a ------------------- comparable insurance policy to cover the benefit provided under this Agreement, in which case the Bank and the Executive shall execute a new Split Split-Dollar Policy Endorsement for the comparable insurance policy.

Appears in 1 contract

Sources: Split Dollar Agreement (BNC Bancorp)

Comparable Coverage. The Bank may in its sole discretion replace the Policy with a comparable insurance policy to cover the benefit provided under this Agreement, in which case the Bank and the Executive shall execute a new Split Dollar Policy Endorsement for the comparable insurance policy.

Appears in 1 contract

Sources: Endorsement Split Dollar Agreement (Civitas Bankgroup Inc)

Comparable Coverage. The Bank may replace the Policy with a comparable insurance policy to cover the benefit provided under this Agreement, in which case the Bank and the Executive Officer shall execute a new Split Dollar Policy Endorsement for the comparable insurance policy.

Appears in 1 contract

Sources: Endorsement Split Dollar Agreement (Midcarolina Financial Corp)