Death Prior to Separation from Service. If the Executive dies while employed by the Bank, the Executive’s Beneficiary shall be entitled to a benefit equal to fifty percent (50%) of the Net Death Proceeds.
Appears in 3 contracts
Sources: Split Dollar Agreement (Centerstate Banks of Florida Inc), Supplemental Life Insurance Agreement (River Valley Bancorp), Split Dollar Agreement (Centerstate Banks of Florida Inc)
Death Prior to Separation from Service. If the Executive dies while employed by the BankCompany, the Executive’s 's Beneficiary shall be entitled to a benefit equal to one hundred fifty percent thousand dollars (50%) of $150,000), provided that such benefit shall not exceed the Net Death Proceeds.
Appears in 3 contracts
Sources: Supplemental Life Insurance Agreement (West Pointe Bancorp Inc), Supplemental Life Insurance Agreement (West Pointe Bancorp Inc), Supplemental Life Insurance Agreement (West Pointe Bancorp Inc)
Death Prior to Separation from Service. If the Executive dies while employed by the Bank, the Executive’s Beneficiary shall be entitled to a benefit equal to fifty one hundred percent (50100%) of the Net Death ProceedsProceeds minus the benefit amounts paid to the Executive’s beneficiary pursuant to Agreement 1 and Agreement 2.
Appears in 2 contracts
Sources: Supplemental Life Insurance Agreement (Northern California Bancorp Inc), Supplemental Life Insurance Agreement (Northern California Bancorp Inc)
Death Prior to Separation from Service. If the Executive dies while employed by the Bankprior to Separation from Service, the Executive’s Beneficiary shall be entitled to a benefit portion of the death proceeds equal to fifty seventy-five percent (5075%) of the Net Death Proceeds.
Appears in 1 contract
Sources: Supplemental Life Insurance Agreement (Old Line Bancshares Inc)
Death Prior to Separation from Service. If the Executive dies while employed by the Bankprior to Separation from Service, the Executive’s Beneficiary shall be entitled to a benefit equal to fifty one hundred percent (50100%) of the Net Death ProceedsProceeds (if any).
Appears in 1 contract
Sources: Split Dollar Life Insurance Agreement (Alamogordo Financial Corp)
Death Prior to Separation from Service. If the Executive dies while employed by the Bankprior to Separation from Service, the Executive’s Beneficiary shall be entitled to a benefit portion of the death proceeds equal to fifty thirty percent (5030%) of the Net Death Proceeds.
Appears in 1 contract
Sources: Supplemental Life Insurance Agreement (Old Line Bancshares Inc)