Suicide or Misstatement. No benefits shall be payable if the Executive commits suicide during the Policy exclusion period, or if the insurance company denies coverage (i) for material misstatements of fact made by the Executive on any application for life insurance purchased by the Bank, or (ii) for any other reason; provided, however that the Bank shall evaluate the reason for the denial, and upon advice of legal counsel and in its sole discretion, consider judicially challenging any denial.
Appears in 17 contracts
Samples: Endorsement Split Dollar (ESSA Bancorp, Inc.), Endorsement Split Dollar Life Insurance Agreement (Prudential Bancorp Inc of Pennsylvania), Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.)
Suicide or Misstatement. No benefits shall be payable if the Executive commits suicide during within two years after the Policy exclusion perioddate of this Agreement, or if the insurance company denies coverage (i) for material misstatements of fact made by the Executive on any application for life insurance purchased by the Bank, or (ii) for any other reason; provided, however that the Bank shall evaluate the reason for the denial, and upon advice of legal counsel and in its sole discretion, consider judicially challenging any denial.
Appears in 10 contracts
Samples: Split Dollar Life Insurance Agreement (Sandy Spring Bancorp Inc), Split Dollar Agreement (Southside Bancshares Inc), Split Dollar Life Insurance Agreement (FNB Bancorp/Ca/)
Suicide or Misstatement. No benefits shall be payable if the Executive commits suicide during within two years after the Policy exclusion perioddate of the Agreement, or if the insurance company denies coverage (i) for material misstatements of fact made by the Executive on any application for life insurance purchased by the Bank, or (ii) for any other reason; provided, however that the Bank shall evaluate the reason for the denial, and upon advice of legal counsel and in its sole discretion, consider judicially challenging any denial.
Appears in 1 contract
Samples: Endorsement Split Dollar Insurance Agreement (SBT Bancorp, Inc.)
Suicide or Misstatement. No benefits shall be payable if the Executive commits suicide during the Policy exclusion period, or if the insurance company denies coverage (i) for material misstatements of fact made by the Executive on any application for life insurance purchased by the Bank, or (ii) for any other reason; provided, however that the Bank shall evaluate the reason for the denial, and upon advice of legal counsel and in its sole discretion, consider judicially challenging any denial.. THE LXXXX NATIONAL BANK ENDORSEMENT SPLIT DOLLAR LIFE INSURANCE AGREEMENT
Appears in 1 contract
Samples: Endorsement Split Dollar Life Insurance Agreement (Lyons Bancorp Inc)
Suicide or Misstatement. No benefits shall be payable if the Executive commits suicide during the Policy exclusion period, or if the insurance company denies coverage (i) for material misstatements of fact made by the Executive on any application for life insurance purchased by the Bank, or (ii) for any other reason; provided, however that the Bank shall evaluate the reason for the denial, and upon advice of legal counsel and in its sole discretion, consider judicially challenging any denial.. THE LYXXX XATIONAL BANK Endorsement Split Dollar Life Insurance Agreement
Appears in 1 contract
Samples: Dollar Life Insurance Agreement (Lyons Bancorp Inc)
