Split Dollar Plan. This Agreement is intended to qualify the ownership of the Policy as a collateral assignment method split dollar life insurance employee benefit plan as described in Revenue Ruling 64-328, and shall be administered so as to qualify as such a plan.
Appears in 2 contracts
Sources: Split Dollar Insurance Agreement (Brenton Banks Inc), Split Dollar Insurance Agreement (Brenton Banks Inc)
Split Dollar Plan. This Agreement is intended to qualify the ownership of the Policy as a collateral assignment method split dollar life insurance employee Director benefit plan as described in Revenue Ruling 64-328, and shall be administered so as to qualify as such a plan.
Appears in 1 contract
Sources: Split Dollar Insurance Agreement (Brenton Banks Inc)