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 or annuity which the Employer or the trust described in section 4 may happen to own at the time of the Executive's Retirement or death and of which the Employer is the designated beneficiary.
Appears in 2 contracts
Samples: Continuation Agreement (San Joaquin Bancorp), Executive Salary Continuation Agreement (San Joaquin 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 or annuity which the Employer or the trust described in section 4 may happen to own at the time of the Executive's Retirement or ’s death and of which the Employer is the designated beneficiary. ARTICLE XV.
Appears in 1 contract
Samples: Salary Continuation Agreement
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 or annuity which the Employer or the trust described in section 4 Section 5 may happen to own at the time of the Executive's Retirement or death and of which the Employer is the designated beneficiary.
Appears in 1 contract
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 or annuity which the Employer or the trust described in section 4 Section 5 may happen to own at the time of the Executive's ' s Retirement or death and of which the Employer is the designated beneficiary.
Appears in 1 contract
Samples: Executive Salary Continuation Agreement (San Joaquin 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 or annuity which the Employer or the trust described in section 4 may happen to own at the time of the Executive's Retirement or death and of which the Employer is the designated beneficiary. 11.
Appears in 1 contract
Samples: Employment Agreement Agreement (Commerce Security Bancorp Inc)