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 28 contracts

Samples: 2017 Split Dollar Agreement and Endorsement (Sb Financial Group, Inc.), Endorsement Split Dollar Agreement (Crescent Financial Corp), Split Dollar Agreement (Cortland Bancorp Inc)

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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

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

Samples: Endorsement Split Dollar Agreement (Midcarolina Financial 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 comparable insurance policy.

Appears in 1 contract

Samples: Split Dollar Agreement and Endorsement (BNC Bancorp)

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

Samples: Split Dollar Agreement and Endorsement (Cortland Bancorp Inc)

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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

Samples: Cumberland Bank 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 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

Samples: Split Dollar Agreement and Endorsement (Fidelity Southern Corp)

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