Split Dollar Insurance. If pursuant to Section 4.1C Dorman's employment with ▇▇▇ ▇▇▇porations following a Change in Control shall terminate, the Corporations shall continue to pay the premium for and maintain the Broad National Bank Split Dollar Life Insurance for and on behalf of Dorman with coverage of $▇▇▇,▇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)