Common use of Beneficiary Clause in Contracts

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement of the Bank in which the Executive participates.

Appears in 24 contracts

Samples: Split Dollar Life Insurance Agreement, Dollar Agreement, Endorsement Split Dollar (ESSA Bancorp, Inc.)

AutoNDA by SimpleDocs

Beneficiary. The Executive Executives shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank in which the Executive participates.

Appears in 17 contracts

Samples: Continuation Agreement (National Bankshares Inc), Salary Continuation Agreement (Orrstown Financial Services Inc), Salary Continuation Agreement (Orrstown Financial Services Inc)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement to a Beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank in which the Executive participates.

Appears in 15 contracts

Samples: Two River Community Bank Supplemental Executive Retirement Agreement (Two River Bancorp), Old Line Bank Salary Continuation Agreement (Old Line Bancshares Inc), Supplemental Executive Retirement Agreement (Fentura Financial Inc)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank in which the Executive participates.

Appears in 15 contracts

Samples: Continuation Agreement (Luther Burbank Corp), Continuation Agreement (Luther Burbank Corp), Continuation Agreement (Luther Burbank Corp)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank in which the Executive participates.

Appears in 11 contracts

Samples: Continuation Agreement (Broadway Financial Corp \De\), Continuation Agreement (Central Valley Community Bancorp), Salary Continuation Agreement (Broadway Financial Corp \De\)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(iesBeneficiary (ies) to receive any benefits payable under the Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement of the Bank in which the Executive participates.

Appears in 10 contracts

Samples: Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.), Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.), Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement to a beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary Beneficiary designation under any other Agreement of the Bank Company in which the Executive participates.

Appears in 10 contracts

Samples: Supplemental Life Insurance Agreement (Community Financial Corp /Md/), Supplemental Life Insurance Agreement (Community Financial Corp /Md/), Insurance Agreement (Community Financial Corp /Md/)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank Company in which the Executive participates.

Appears in 9 contracts

Samples: Salary Continuation Agreement (Community Financial Corp /Md/), Continuation Agreement (Community Financial Corp /Md/), Continuation Agreement (Community Financial Corp /Md/)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive, provided that each such designation is in writing signed by the Executive and two witnesses. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Company or the Bank in which the Executive participates.

Appears in 6 contracts

Samples: Employment Agreement (1st United Bancorp, Inc.), Employment Agreement (1st United Bancorp, Inc.), Employment Agreement (1st United Bancorp, Inc.)

Beneficiary. The Executive Executives shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Company or the Bank in which the Executive participates.

Appears in 6 contracts

Samples: Supplemental Executive Retirement Plan Agreement (1st United Bancorp, Inc.), Retirement Plan Agreement (1st United Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (1st United Bancorp, Inc.)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation designated under any other Agreement plan of the Bank Company in which the Executive participates.

Appears in 5 contracts

Samples: Continuation Agreement, Salary Continuation Agreement (Nexity Financial Corp), Salary Continuation Agreement (First Community Financial Corp)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary to receive any benefits payable under the Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement of the Bank in which the Executive participates.

Appears in 5 contracts

Samples: Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.), Endorsement Split Dollar Insurance Agreement (SBT Bancorp, Inc.), Supplemental Life Insurance Agreement (Ameriana Bancorp)

Beneficiary. The Each Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement to a Beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank in which the Executive participates.

Appears in 5 contracts

Samples: www.sec.gov, Compensation Agreement (First Ulb Corp.), Agreement (First Ulb Corp.)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation designated under any other Agreement plan of the Bank in which the Executive participates.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Habersham Bancorp), United Heritage Bank Salary Continuation Agreement (United Heritage Bankshares of Florida Inc), United Heritage Bank Salary Continuation Agreement (United Heritage Bankshares of Florida Inc)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement to a Beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank Company in which the Executive participates.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Agreement (Fentura Financial Inc), Retirement Agreement (Fentura Financial Inc), Supplemental Executive Retirement Agreement (Fentura Financial Inc)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Section 2.2 of this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan or agreement of the Bank in which the Executive participates.

Appears in 3 contracts

Samples: Supplemental Life Insurance Agreement (Enterprise Bancorp Inc /Ma/), Supplemental Life Insurance Agreement (Enterprise Bancorp Inc /Ma/), Supplemental Life Insurance Agreement (Enterprise Bancorp Inc /Ma/)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary to receive any benefits payable distributable under the Agreement to a Beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation designated under any other Agreement plan of the Bank Company in which the Executive participates.

Appears in 3 contracts

Samples: Executive Centive Retirement Plan (Sterling Bancorp, Inc.), Executive Incentive Retirement Plan (Sterling Bancorp, Inc.), Sterling Bancorp, Inc.

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement to a Beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank in which the Executive participates.. Two River Community Bank Supplemental Executive Retirement Agreement --------------------------------------------------------------------------------

Appears in 3 contracts

Samples: Retirement Agreement (Community Partners Bancorp), Retirement Agreement (Community Partners Bancorp), Retirement Agreement (Community Partners Bancorp)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable distributable under the Agreement to a beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary Beneficiary designation under any other Agreement plan of the Bank in which the Executive participates.

Appears in 3 contracts

Samples: Compensation Agreement (Greene County Bancshares Inc), Compensation Agreement (Greene County Bancshares Inc), Compensation Agreement (Greene County Bancshares Inc)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank Company in which the Executive participates.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Peoples Federal Bancshares, Inc.), Continuation Agreement (West Pointe Bancorp Inc), Continuation Agreement (West Pointe Bancorp Inc)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary or Beneficiaries to receive any benefits payable under pursuant to the Agreement upon the death of the Executive’s death. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement agreement of the Bank Company in which the Executive participates.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement, Restricted Stock Unit Agreement (Sourcefire Inc), Retirement Agreement (Sourcefire Inc)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement of the Bank Company in which the Executive participates.

Appears in 3 contracts

Samples: Supplemental Life Insurance Agreement (West Pointe Bancorp Inc), Supplemental Life Insurance Agreement (West Pointe Bancorp Inc), Supplemental Life Insurance Agreement (West Pointe Bancorp Inc)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation designated under any other Agreement plan of the Bank Corporation in which the Executive participates.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Habersham Bancorp), Supplemental Executive Retirement Plan Agreement (Habersham Bancorp)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the this Agreement to a beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary Beneficiary designation under any other Agreement plan of the Bank Company in which the Executive participates.. 3.2

Appears in 2 contracts

Samples: Grange National (Grange National Banc Corp), Grange National (Grange National Banc Corp)

Beneficiary. The Executive Executives shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank Corporation in which the Executive participates.

Appears in 2 contracts

Samples: Continuation Agreement (National Bankshares Inc), Continuation Agreement (National Bankshares Inc)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement of the Bank in which the Executive participates.. OLD LINE BANK Supplemental Life Insurance Agreement

Appears in 2 contracts

Samples: Old Line Bank Supplemental Life Insurance Agreement (Old Line Bancshares Inc), Old Line Bank Supplemental Life Insurance Agreement (Old Line Bancshares Inc)

Beneficiary. The Executive shall have the right, at any time, to ----------- designate a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank in which the Executive participates.

Appears in 2 contracts

Samples: Pacific Premier (Pacific Premier Bancorp Inc), Pacific Premier (Pacific Premier Bancorp Inc)

Beneficiary. The Each Executive shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary to receive any benefits payable under the Agreement to a Beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank Company in which the Executive participates.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Mercantile Bank Corp)

AutoNDA by SimpleDocs

Beneficiary. The Each Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement to a Beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank Company in which the Executive participates.

Appears in 1 contract

Samples: Compensation Agreement (Ohio Valley Banc Corp)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary to receive any benefits payable under the Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation designated under any other Agreement of the Bank in which the Executive participates.

Appears in 1 contract

Samples: Split Dollar Life Insurance Agreement (Alamogordo Financial Corp)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement upon to a beneficiary on the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary Beneficiary designation under any other Agreement of the Bank Company in which the Executive participates.. 10.2

Appears in 1 contract

Samples: Split Dollar Agreement (First National Lincoln Corp /Me/)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement of the Bank in which the Executive participates.

Appears in 1 contract

Samples: Split Dollar Life Insurance Agreement (Sandy Spring Bancorp Inc)

Beneficiary. The Executive Executives shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation designated under any other Agreement plan of the Bank in which the Executive participates.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Emclaire Financial Corp)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary to receive any benefits payable under the Agreement upon the death of the Executive. The Beneficiary designated under designatedunder this Agreement may be the same as or different from the beneficiary designation designated under any other Agreement of the Bank in which the Executive participates.

Appears in 1 contract

Samples: Dollar Agreement (First Citizens Bancshares Inc /Tn/)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement to a beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary Beneficiary designation under any other Agreement agreement or plan of the Bank Company in which the Executive participates.

Appears in 1 contract

Samples: Insurance Agreement (Catalyst Bancorp, Inc.)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement of the Bank in which the Executive participates.. CENTERSTATE BANK OF FLORIDA Split-Dollar Agreement

Appears in 1 contract

Samples: Split Dollar Agreement (Centerstate Banks of Florida Inc)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable the Executive’s Interest under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary Beneficiary designation under any other Agreement of the Bank Company in which the Executive participates.

Appears in 1 contract

Samples: Supplemental Life Insurance Agreement (Greer Bancshares Inc)

Beneficiary. The Executive Executives shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Company or the Bank in which the Executive participates.. 1st United Bancorp/1st United Bank Supplemental Executive Retirement Plan Agreement

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (1st United Bancorp, Inc.)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement Plan to a beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement Plan may be the same as or different from the beneficiary Beneficiary designation under any other Agreement plan of the Bank Company in which the Executive participates.

Appears in 1 contract

Samples: Cascade Financial Corp

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank in which the Executive participates.

Appears in 1 contract

Samples: Executive Deferred Incentive Agreement (Territorial Bancorp Inc.)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement to a Beneficiary HOMEFEDERAL BANK Supplemental Executive Retirement Plan upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank in which the Executive participates.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Home Federal Bancorp)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement to a Beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement of the Bank in which the Executive participates.agreement of

Appears in 1 contract

Samples: Dollar Life Insurance Agreement (Venture Financial Group Inc)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as as, or different from from, the beneficiary designation under any other Agreement plan of the Bank in which the Executive participates.

Appears in 1 contract

Samples: Executive Deferred Incentive Agreement (Territorial Bancorp Inc.)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Agreement to a beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary Beneficiary designation under any other Agreement agreement or plan of the Bank in which the Executive participates.

Appears in 1 contract

Samples: Supplemental Life Insurance Agreement (PFS Bancorp, Inc.)

Beneficiary. The Executive shall have the right, at any time, to designate ----------- a Beneficiary(ies) to receive any benefits payable benefit distributions under the this Agreement to a Beneficiary upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation under any other Agreement plan of the Bank in which the Executive participates.

Appears in 1 contract

Samples: Retirement Agreement (Community Partners Bancorp)

Beneficiary. The Executive shall have the right, at any time, to designate a Beneficiary(ies) Beneficiary to receive any benefits payable the Executive’s Interest under the this Agreement upon the death of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation Beneficiary designated under any other Agreement of the Bank Company in which the Executive participates.. Greer State Bank Supplemental Life Insurance Agreement

Appears in 1 contract

Samples: Supplemental Life Insurance Agreement (Greer Bancshares Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.