Director’s Interest. The Director, or the Director’s assignee, shall have the right to designate the Beneficiary of an amount of death proceeds as specified in Section 2.2.1 and 2.
Appears in 6 contracts
Sources: Split Dollar Life Insurance Agreement (Investors Bancorp Inc), Split Dollar Life Insurance Agreement (Investors Bancorp Inc), Split Dollar Life Insurance Agreement (Investors Bancorp Inc)
Director’s Interest. The Director, or the Director’s assignee, shall have the right to designate the Beneficiary of an amount of death proceeds as specified in Section 2.2.1 2.2.1. The Director shall also have the right to elect and 2change settlement options with respect to the Director’s Interest by providing written notice to the Company and the Insurer.
Appears in 2 contracts
Sources: Split Dollar Agreement (First Community Financial Corp), Split Dollar Agreement (First Community Financial Corp)
Director’s Interest. The Director, or the Director’s assignee, shall have the right to designate the Beneficiary of an amount of death proceeds as specified in Section 2.2.1 2.2.1. The Director shall also have the right to elect and 2change settlement options with respect to the Director’s Interest by providing written notice to the Bank and the Insurer.
Appears in 1 contract
Sources: Split Dollar Life Insurance Agreement (Alamogordo Financial Corp)
Director’s Interest. The Director, or the Director’s assignee, shall have the right to designate the Beneficiary of an amount of death proceeds as specified in Section 2.2.1 equal to eighty percent (80%) of the Net Death Proceeds. The Director shall also have the right to elect and 2change settlement options with respect to the Director’s Interest by providing written notice to the Bank and the Insurer.
Appears in 1 contract
Sources: Supplemental Life Insurance Agreement (Ameriana Bancorp)