Death During Active Service. If the Director dies while in the active service of the Company, the Company shall pay to the Director’s beneficiary the split dollar death benefit described in the Split Dollar Agreement attached as Addendum A between the Company and the Director in lieu of any other benefit under this Agreement.
Appears in 7 contracts
Samples: Dollar Agreement, Agreement (Sierra Bancorp), Director Retirement Agreement (Sierra Bancorp)
Death During Active Service. If the Director Executive dies while in the active service of the Company, the Company shall pay to the DirectorExecutive’s beneficiary the split dollar death benefit described in the Split Dollar Agreement attached as Addendum A between the Company and the Director Executive in lieu of any other benefit under this Agreement.
Appears in 6 contracts
Samples: Continuation Agreement (FCB Bancorp), Continuation Agreement (Sierra Bancorp), First California Bank (FCB Bancorp)
Death During Active Service. If the Director Executive dies while in the active service of the Company, the Company shall pay to the DirectorExecutive’s beneficiary the split dollar death benefit described in the Split Dollar Agreement attached as Addendum A between the Company and the Director Executive in lieu of any other benefit under this Agreement.
Appears in 1 contract
Samples: Continuation Agreement (FCB Bancorp)
