Common use of Imputed Income Clause in Contracts

Imputed Income. The Bank shall impute the economic benefit to the Director on an annual basis, by adding the economic benefit to the Director’s Form 1099, or if applicable, W-2.

Appears in 4 contracts

Samples: Split Dollar Life Insurance Agreement (Investors Bancorp Inc), Split Dollar Life Insurance Agreement (New Investors Bancorp, Inc.), Split Dollar Life Insurance Agreement (Investors Bancorp Inc)

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Imputed Income. The Bank shall impute the economic benefit to the Director on an annual basis, by adding the economic benefit to the Director’s Form 1099, or if applicable, W-2.

Appears in 3 contracts

Samples: Split Dollar Life Insurance Agreement (Investors Bancorp Inc), Split Dollar Life Insurance Agreement (New Investors Bancorp, Inc.), Split Dollar Life Insurance Agreement (Temecula Valley Bancorp Inc)

Imputed Income. The Bank shall impute the economic benefit to the Director on an annual basis, by adding the economic benefit to the Director’s Form 1099W-2, or if applicable, W-2Form 1099.

Appears in 2 contracts

Samples: Split Dollar Life Insurance Agreement (Alamogordo Financial Corp), Supplemental Life Insurance Agreement (Ameriana Bancorp)

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Imputed Income. The Bank shall impute the economic benefit to the Director on an annual basis, by adding the economic benefit to the Director’s Form 1099, or if applicable, W-2.

Appears in 1 contract

Samples: Endorsement Split Dollar Life Insurance Agreement (Heritage NOLA Bancorp, Inc.)

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