Common use of Covenant Not to Interfere Clause in Contracts

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)

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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

Samples: Executive Salary (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 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)

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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)

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