Common use of Suicide or Misstatement Clause in Contracts

Suicide or Misstatement. The Bank shall not pay any benefit under this Agreement if the Director commits suicide within two years after the Effective Date or if the Director makes any material misstatement of fact on any application or resume provided to the Bank, on any application for benefits, or on any application for life insurance purchased by the Bank.

Appears in 8 contracts

Samples: Director Retirement Agreement (Carolina Bank Holdings Inc), Director Retirement Agreement (Carolina Bank Holdings Inc), Director Retirement Agreement (Carolina Bank Holdings Inc)

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Suicide or Misstatement. The Bank shall not pay any benefit under this Agreement if the Director commits suicide within two years after the Effective Date or Date. In addition, the Bank shall not pay any benefit under this Agreement if the Director makes has made any material misstatement of fact on any application or resume provided to the Bank, on any application for benefits, or on any application for life insurance purchased owned by the BankBank on the Director’s life.

Appears in 7 contracts

Samples: Continuation Agreement (Appalachian Bancshares Inc), Director Retirement Agreement (Peoples Federal Bancshares, Inc.), Director Retirement Agreement (Peoples Federal Bancshares, Inc.)

Suicide or Misstatement. The Bank shall not pay any benefit under this Agreement if the Director commits suicide within two three years after the Effective Date or date of this Agreement. In addition, the Bank shall not pay any benefit under this Agreement if the Director makes has made any material misstatement of fact on any application or resume provided to the Bank, on any application for benefits, or on any application for life insurance purchased any benefits provided by the BankBank to the Director.

Appears in 6 contracts

Samples: Director Survivor Income Agreement (Wilson Bank Holding Co), Survivor Income Agreement (Wilson Bank Holding Co), Director Survivor Income Agreement (Wilson Bank Holding Co)

Suicide or Misstatement. The Bank shall not pay any benefit under this Agreement if it is determined that the Director has committed suicide. In addition, the Bank shall not pay any benefit under this Agreement if the Director commits suicide within two years after the Effective Date or if the Director makes has made any material omission or misstatement of fact on any application or application, resume provided to the Bank, on any application for benefits, or on any application for life insurance purchased by any benefits provided to the Bank.

Appears in 3 contracts

Samples: Director Retirement Agreement (American River Bankshares), Director Retirement Agreement (American River Bankshares), American River Bankshares

Suicide or Misstatement. The Bank shall not pay any benefit under this Agreement if the Director commits suicide within two years after the Effective Date or Date. In addition, the Bank shall not pay any benefit under this Agreement if the Director makes has made any material misstatement of fact on any application or resume provided to the Bank, on any application for benefits, or on any application for life insurance purchased owned by the BankBank on the Director's life.

Appears in 1 contract

Samples: Director Retirement Agreement (Independent Bank Corp)

Suicide or Misstatement. The Bank shall not pay any benefit under this Agreement if the Director commits suicide within two three years after the Effective Date or date of this Agreement. In addition, the Bank shall not pay any benefit under this Agreement if the Director makes has made any material misstatement of fact on any an employment application or resume provided to the Bank, on any application for benefits, or on any application for life insurance purchased any benefits provided by the BankBank to the Director.

Appears in 1 contract

Samples: Dutchfork Bancshares Inc

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Suicide or Misstatement. The Bank shall not pay any benefit under this Agreement if it is determined that the Director has committed suicide. In addition, the Bank shall not pay any benefit under this Agreement if the Director commits suicide within two years after the Effective Date or if the Director makes has made any material omission or misstatement of fact on any application or application, resume provided to the Bank, on any application for benefits, or on any application for life insurance purchased any benefits provided by the Bank.

Appears in 1 contract

Samples: Director Retirement Agreement (American River Bankshares)

Suicide or Misstatement. The Bank shall not pay any benefit under this Agreement if the Director commits suicide within two years after the Effective Date of this Agreement or if the Director makes any material misstatement of fact on any application or resume provided to the Bank, on any application for benefits, or on any application for life insurance purchased by the Bank.

Appears in 1 contract

Samples: First South Bank Director Retirement Agreement (First South Bancorp Inc)

Suicide or Misstatement. The Bank shall not pay any benefit under this Agreement if the Director commits suicide within two three (3) years after the Effective Date or date of this Agreement. In addition, the Bank shall not pay any benefit under this Agreement if the Director makes has made any material misstatement of fact on any application or a resume provided to the Bank, on any application for benefits, or on any application for life insurance purchased any benefits provided by the BankBank to the Director.

Appears in 1 contract

Samples: Ohio Valley Banc Corp

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