CHANGE IN CONTROL OF BANK. (a) If a Change in Control of the Bank shall occur prior to the Insured's termination of employment or retirement, then the death benefit coverage set forth in Section 5 shall remain in effect until the Insured's death, unless this Agreement is otherwise terminated pursuant to its terms prior to such time.
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Sources: Split Dollar Life Insurance Agreement (Atlantic Coast Federal Corp), Split Dollar Life Insurance Agreement (Atlantic Coast Federal Corp), Split Dollar Life Insurance Agreement (Atlantic Coast Federal Corp)
CHANGE IN CONTROL OF BANK. (a) If a Change in Control of the Bank shall occur prior to the Insured's ’s termination of employment or retirement, then the death benefit coverage set forth in Section 5 shall remain in effect until the Insured's ’s death, unless this Agreement is otherwise terminated pursuant to its terms prior to such time.
Appears in 1 contract
Sources: Split Dollar Life Insurance Agreement (Atlantic Coast Federal Corp)