Forfeiture Provision. The Director shall forfeit any non-distributed benefits under this Agreement if during the term of this Agreement, the Director, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of three percent (3%) or less in the stock of a publicly-traded company):
Appears in 6 contracts
Samples: Split Dollar Life Insurance Agreement (New Investors Bancorp, Inc.), Split Dollar Life Insurance Agreement (New Investors Bancorp, Inc.), Split Dollar Life Insurance Agreement (Investors Bancorp Inc)
Forfeiture Provision. The Director shall forfeit any non-distributed benefits under this Agreement if during the term of this AgreementAgreement and within twenty-four (24) months following a Separation from Service, the Director, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of three percent (3%) or less in the stock of a publicly-traded company):
Appears in 5 contracts
Samples: Stock Appreciation Rights Agreement (Kinderhook Bank Corp), Stock Appreciation Rights Agreement (Kinderhook Bank Corp), Stock Appreciation Rights Agreement (Kinderhook Bank Corp)
