Covenant Not to Interfere. The Executive agrees not to take any action which prevents the Employer from collecting the proceeds of any life insurance policy which the Employer may happen to own at the time of the Executive’s death and of which the Employer is the designated beneficiary.
Appears in 17 contracts
Samples: Continuation Agreement (Plumas Bancorp), Executive Salary Continuation Agreement (1st Centennial Bancorp), Executive Salary Continuation Agreement (1st Centennial Bancorp)
Covenant Not to Interfere. The Executive agrees not to take any action which prevents the Employer from collecting the proceeds of any life insurance policy which the Employer may happen to own at the time of the Executive’s 's death and of which the Employer is the designated beneficiary.
Appears in 14 contracts
Samples: Executive Salary Continuation Agreement (Plumas Bancorp), Executive Salary Continuation Agreement (Plumas Bancorp), Executive Salary Continuation Agreement (United Security Bancshares)
Covenant Not to Interfere. The Executive agrees not to take any action which prevents would prevent the Employer from collecting the proceeds of any life insurance policy which the Employer may happen to own at the time of the Executive’s death and of which the Executive is the insured and the Employer is the designated sole or part beneficiary.
Appears in 5 contracts
Samples: Nevada Security (Bank Holdings), Nevada Security (Bank Holdings), Nevada Security (Bank Holdings)
