Split Dollar Insurance. If Karp's employment with t▇▇ ▇▇▇poration shall be terminated by him pursuant to Section 4.1C or by the Corporation, or if the Corporation shall terminate Karp's employment otherw▇▇▇ ▇▇an for cause, the Corporation shall continue to pay the premium for and maintain the Broad National Bank Split Dollar Life Insurance or comparable plan for and on behalf of Karp with coverage of $5▇▇,▇00 until such time as said policy is fully paid.
Appears in 2 contracts
Sources: Employment Agreement (Broad National Bancorporation), Employment Agreement (Broad National Bancorporation)