Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.
Appears in 15 contracts
Samples: First United Security Bank (United Security Bancshares Inc), First United Security Bank (United Security Bancshares Inc), First United Security Bank Director Retirement Agreement (United Security Bancshares Inc)
Suicide or Misstatement. The Company shall not pay any death benefit under this Agreement exceeding the Deferral Account if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.
Appears in 10 contracts
Samples: Trust Director Deferred Fee Agreement (Southern Michigan Bancorp Inc), Trust Director Deferred Fee Agreement (Southern Michigan Bancorp Inc), Fee Agreement (North Valley Bancorp)
Suicide or Misstatement. The Company Notwithstanding any provision of this Agreement to the contrary, no benefit shall not pay any benefit be payable under this Agreement to any person if the Director commits suicide within two (2) years after the date of this Agreement, Agreement or if the Director has made any material misstatement of fact on any application for life insurance purchased by the CompanyBank.
Appears in 10 contracts
Samples: Bank Director Retirement Agreement (Community Valley Bancorp), Bank Director Retirement Agreement (Community Valley Bancorp), Director Retirement Agreement (Community Valley Bancorp)
Suicide or Misstatement. The Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay distribute any benefit under this Agreement in excess of the Deferrals if the Director commits suicide within two (2) years after the date of this AgreementEffective Date, or if an insurance company which issued a life insurance policy covering the Director has made any and owned by the Company denies coverage (i) for material misstatement misstatements of fact made by the Director on any an application for such life insurance purchased by the Companyinsurance, or (ii) for any other reason.
Appears in 9 contracts
Samples: Director Deferred Fee Agreement (Ohio Valley Banc Corp), Director Revenue Neutral Retirement Agreement (First Community Financial Corp), Director Revenue Neutral Retirement Agreement (First Community Financial Corp)
Suicide or Misstatement. The Company No benefits shall not pay any benefit under this Agreement be payable if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.
Appears in 8 contracts
Samples: Plumas Bank (Plumas Bancorp), Director Retirement Agreement (Plumas Bancorp), Plumas Bank (Plumas Bancorp)
Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) three years after the date of this Agreement. In addition, or the Company shall not pay any benefit under this Agreement if the Director has made any material misstatement of fact on any application for life insurance purchased any benefits provided by the CompanyCompany to the Director.
Appears in 8 contracts
Samples: Director Retirement Agreement (Sierra Bancorp), Agreement (Sierra Bancorp), Retirement Agreement (Sierra Bancorp)
Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.
Appears in 7 contracts
Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Director Retirement Agreement (Cortland Bancorp Inc)
Suicide or Misstatement. The Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay distribute any benefit under this Agreement if the Director commits suicide within two (2) years after the date of this AgreementEffective Date, or if an insurance company which issued a life insurance policy covering the Director has made any and owned by the Company denies coverage (i) for material misstatement misstatements of fact made by the Director on any an application for such life insurance purchased by the Companyinsurance, or (ii) for any other reason.
Appears in 6 contracts
Samples: Director Retirement Agreement (Ohio Valley Banc Corp), Director Retirement Agreement (Ohio Valley Banc Corp), Director Retirement Agreement (Ohio Valley Banc Corp)
Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) three years after the date of this Agreement. In addition, or the Company shall not pay any benefit under this Agreement if the Director has made any material misstatement of fact on an employment application or resume provided to the Company, or on any application for life insurance purchased any benefits provided by the CompanyCompany to the Director.
Appears in 6 contracts
Samples: Elgin Financial Savings Bank (Efc Bancorp Inc), Elgin Financial Savings Bank (Efc Bancorp Inc), Elgin Financial Savings Bank Director Retirement Agreement (Efc Bancorp Inc)
Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) three years after the date of this Agreement. In addition, or the Company shall not pay any benefit under this Agreement if the Director has made any material misstatement of fact on a resume provided to the Company, or on any application for life insurance purchased any benefits provided by the CompanyCompany to the Director.
Appears in 5 contracts
Samples: Oak Valley Community Bank (Oak Valley Bancorp), Agreement (Oak Valley Bancorp), Agreement (Cooperative Bankshares Inc)
Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company, or any other reason, provided however that the Company shall evaluate the reason for the denial, and upon advice of Counsel and in its sole discretion, consider judicially challenging any denial.
Appears in 3 contracts
Samples: Year Agreement (Standard Financial Corp.), Year Agreement (Standard Financial Corp.), Director Agreement (Se Financial Corp)
Suicide or Misstatement. The Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay distribute any benefit under this Agreement in excess of the Deferrals if the Director commits suicide within two (2) years after the date Original Effective Date of this Agreement, or if an insurance company which issued a life insurance policy covering the Director has made any and owned by the Company denies coverage (i) for material misstatement misstatements of fact made by the Director on any an application for such life insurance purchased by the Companyinsurance, or (ii) for any other reason.
Appears in 2 contracts
Samples: First Farmers and Merchants Corporation Director Deferred Compensation Agreement (First Farmers & Merchants Corp), Director Deferred Compensation Agreement (First Farmers & Merchants Corp)
Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date of this Agreement. In addition, or the Company shall not pay any benefit under this Agreement if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.
Appears in 2 contracts
Samples: Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc)
Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) three years after the date of this Agreement, Agreement or if the Director has made any material misstatement of fact on any application for life insurance purchased any benefits provided by the CompanyCompany to the Director.
Appears in 1 contract
Samples: Agreement (Plumas Bancorp)
Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date Effective Date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.
Appears in 1 contract
Samples: Director Retirement Agreement (Cortland Bancorp Inc)
Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date of Effective Date. In addition, the Company shall not pay any benefit under this Agreement, or Agreement if the Director has made any material misstatement of fact on any application for life insurance purchased owned by the Company.Company on the Director's life. (1)
Appears in 1 contract
Samples: Salary Continuation Agreement (Appalachian Bancshares Inc)
Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the CompanyEffective Date.
Appears in 1 contract
Samples: Community Bank Director Retirement Agreement (Community Financial Corp /Va/)
Suicide or Misstatement. The Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay any death benefit under this Agreement exceeding the Deferral Account if the Director commits suicide within two (2) years after the date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the Company.
Appears in 1 contract
Samples: Deferred Fee Agreement (Iowa First Bancshares Corp)
Suicide or Misstatement. The Company No benefits shall not pay any benefit be payable under this Agreement after the Director’s death if the Director commits suicide within two (2) years after the original date of this Agreement, or if the Director has made any material misstatement of fact on any application for life insurance purchased by the CompanyBank.
Appears in 1 contract
Samples: Director Retirement Agreement (Fairfield County Bank Corp.)
Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Director commits suicide within two (2) three years after the date of this Agreement. In addition, or the Company shall not pay any benefit under this Agreement if the Director has made any material misstatement of fact on an application or resume provided to the Company, or on any application for life insurance purchased any benefits provided by the CompanyCompany to the Director.
Appears in 1 contract
Samples: Director Compensation Agreement (Redwood Empire Bancorp)
