Death Proceeds. a) Upon the death of the Executive, the Executive’s designated beneficiary shall receive the Split Dollar Insurance Benefit per Schedule A.
Appears in 3 contracts
Samples: Executive Split Dollar Life Insurance Agreement (Seneca Financial Corp.), Executive Split Dollar Life Insurance Agreement (Seneca Financial Corp.), Executive Split Dollar Life Insurance Agreement (Seneca Financial Corp.)
Death Proceeds. a) Upon the death of the ExecutiveExecutive while actively employed, the Executive’s designated beneficiary shall receive the Split Dollar Insurance Benefit per Schedule A.
Appears in 2 contracts
Samples: Dollar Life Insurance Agreement (Newport Bancorp Inc), Agreement (Newport Bancorp Inc)