Common use of No Guarantee of Service Clause in Contracts

No Guarantee of Service. This Split Dollar Agreement is not a service policy or contract. It does not give the Director the right to remain a director of the Company nor does it interfere with the right of the Company’s stockholders not to re-elect the Director or the right of stockholders or the board to remove an individual as a director of the Company. This Split Dollar Agreement also does not require the Director to remain a director or interfere with the Director’s right to terminate service at any time.

Appears in 2 contracts

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

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No Guarantee of Service. This Split Dollar Agreement is not a service policy or contract. It does not give the Director the right to remain a director of the Company Company, nor does it interfere with the right of the Company’s stockholders 's shareholders not to re-elect the Director or the right of stockholders shareholders or the board to remove an individual as a director of the Company. This Split Dollar Agreement also does not require the Director to remain a director or nor interfere with the Director’s 's right to terminate service at any time.

Appears in 1 contract

Samples: Split Dollar Agreement (Cortland Bancorp Inc)

No Guarantee of Service. This Split Dollar Agreement is not a service policy or contractan agreement for services. It does not give the Director the right to remain a director of the Company Bank, nor does it interfere with the right of the Company’s stockholders Bank's shareholders not to re-elect the Director or the right of stockholders shareholders or the board Board to remove an individual as a director of the CompanyBank. This Split Dollar Agreement also does not require the Director to remain a director or nor interfere with the Director’s 's right to terminate service at any time.

Appears in 1 contract

Samples: Dollar Agreement (Newmil Bancorp Inc)

No Guarantee of Service. This Split Dollar Agreement is not a service policy or contract. It does not give the Director the right to remain a director of the Company Company, nor does it interfere with the right of the Company’s stockholders 's shareholders not to re-elect the Director or the right of stockholders shareholders or the board Board to remove an individual as a director of the Company. This Split Dollar Agreement also does not require the Director to remain a director or nor interfere with the Director’s 's right to terminate service at any time.

Appears in 1 contract

Samples: Split Dollar Agreement (Cortland Bancorp Inc)

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No Guarantee of Service. This Split Dollar Agreement is not a service policy or contractcontract for services. It does not give the Director the right to remain a director of the Company Bank, nor does it interfere with the right rights of the Company’s stockholders Bank's stockholder(s) not to re-elect the Director or the right of stockholders the stockholder(s) or the board Board of Directors to remove an individual as a director of the CompanyBank. This Split Dollar The Agreement also does not require the Director director to remain a director or nor interfere with the Director’s 's right to terminate service services at any time.

Appears in 1 contract

Samples: Director Retirement Agreement (American River Bankshares)

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