Pages in 2006
EX-10.12 3 l23826aexv10w12.htm EX-10.12 EX-10.12
Exhibit 10.12
FIRST AMENDMENT
TO THE
CORTLAND BANCORP.
SPLIT DOLLAR AGREEMENT
DATED FEBRUARY 23, 2001
TO THE
CORTLAND BANCORP.
SPLIT DOLLAR AGREEMENT
DATED FEBRUARY 23, 2001
THIS FIRST AMENDMENT is adopted this day of , 20 , by and between CORTLAND BANCORP., a holding company located in Cortland, Ohio (the Company) and David Cole (the Director).
On February 23, 2001, the Company and the Director executed the Split Dollar Agreement (the Agreement).
According to the terms of Article 7, the undersigned hereby amend, in part, said Agreement for the purpose of updating (1) the definition of Insurer and (2) the definition of Policy. Therefore,
Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the new Section 1.1 as follows:
1.1 | Insurer means each life insurance carrier for which there is a Split Dollar Policy Endorsement for this Agreement. |
Section 1.2 of the Agreement shall be deleted in its entirety and replaced by the new Section 1.2 as follows:
1.2 | Policy means the specific life insurance policy or policies issued by the Insurer(s). |
IN WITNESS OF THE ABOVE, the Company and Director hereby consent to this First Amendment.
DIRECTOR: | CORTLAND BANCORP. | |||||||
By: | ||||||||
Title: | ||||||||
FIRST AMENDMENT
TO THE
CORTLAND BANCORP.
SPLIT DOLLAR AGREEMENT
DATED FEBRUARY 23, 2001
TO THE
CORTLAND BANCORP.
SPLIT DOLLAR AGREEMENT
DATED FEBRUARY 23, 2001
THIS FIRST AMENDMENT is adopted this day of , 20 , by and between CORTLAND BANCORP., a holding company located in Cortland, Ohio (the Company) and Timothy Woofter (the Director).
On February 23, 2001, the Company and the Director executed the Split Dollar Agreement (the Agreement).
According to the terms of Article 7, the undersigned hereby amend, in part, said Agreement for the purpose of updating (1) the definition of Insurer and (2) the definition of Policy. Therefore,
Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the new Section 1.1 as follows:
1.1 | Insurer means each life insurance carrier for which there is a Split Dollar Policy Endorsement for this Agreement. |
Section 1.2 of the Agreement shall be deleted in its entirety and replaced by the new Section 1.2 as follows:
1.2 | Policy means the specific life insurance policy or policies issued by the Insurer(s). |
IN WITNESS OF THE ABOVE, the Company and Director hereby consent to this First Amendment.
DIRECTOR: | CORTLAND BANCORP. | |||||||
By: | ||||||||
Title: | ||||||||
FIRST AMENDMENT
TO THE
CORTLAND BANCORP.
SPLIT DOLLAR AGREEMENT
DATED OCTOBER 1, 2001
TO THE
CORTLAND BANCORP.
SPLIT DOLLAR AGREEMENT
DATED OCTOBER 1, 2001
THIS FIRST AMENDMENT is adopted this day of , 20 , by and between CORTLAND BANCORP., a holding company located in Cortland, Ohio (the Company) and Richard Thompson (the Director).
On October 1, 2001, the Company and the Director executed the Split Dollar Agreement (the Agreement).
According to the terms of Article 7, the undersigned hereby amend, in part, said Agreement for the purpose of updating (1) the definition of Insurer and (2) the definition of Policy. Therefore,
Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the new Section 1.1 as follows:
1.1 | Insurer means each life insurance carrier for which there is a Split Dollar Policy Endorsement for this Agreement. |
Section 1.2 of the Agreement shall be deleted in its entirety and replaced by the new Section 1.2 as follows:
1.2 | Policy means the specific life insurance policy or policies issued by the Insurer(s). |
IN WITNESS OF THE ABOVE, the Company and Director hereby consent to this First Amendment.
DIRECTOR: | CORTLAND BANCORP. | |||||||
By: | ||||||||
Title: | ||||||||
FIRST AMENDMENT
TO THE
CORTLAND BANCORP.
SPLIT DOLLAR AGREEMENT
DATED FEBRUARY 23, 2001
TO THE
CORTLAND BANCORP.
SPLIT DOLLAR AGREEMENT
DATED FEBRUARY 23, 2001
THIS FIRST AMENDMENT is adopted this day of , 20 , by and between CORTLAND BANCORP., a holding company located in Cortland, Ohio (the Company) and Karl Mahan (the Director).
On February 23, 2001, the Company and the Director executed the Split Dollar Agreement (the Agreement).
According to the terms of Article 7, the undersigned hereby amend, in part, said Agreement for the purpose of updating (1) the definition of Insurer and (2) the definition of Policy. Therefore,
Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the new Section 1.1 as follows:
1.1 | Insurer means each life insurance carrier for which there is a Split Dollar Policy Endorsement for this Agreement. |
Section 1.2 of the Agreement shall be deleted in its entirety and replaced by the new Section 1.2 as follows:
1.2 | Policy means the specific life insurance policy or policies issued by the Insurer(s). |
IN WITNESS OF THE ABOVE, the Company and Director hereby consent to this First Amendment.
DIRECTOR: | CORTLAND BANCORP. | |||||||
By: | ||||||||
Title: | ||||||||
FIRST AMENDMENT
TO THE
CORTLAND BANCORP.
SPLIT DOLLAR AGREEMENT
DATED FEBRUARY 23, 2001
TO THE
CORTLAND BANCORP.
SPLIT DOLLAR AGREEMENT
DATED FEBRUARY 23, 2001
THIS FIRST AMENDMENT is adopted this day of , 20 , by and between CORTLAND BANCORP., a holding company located in Cortland, Ohio (the Company) and James Hoffman III (the Director).
On February 23, 2001, the Company and the Director executed the Split Dollar Agreement (the Agreement).
According to the terms of Article 7, the undersigned hereby amend, in part, said Agreement for the purpose of updating (1) the definition of Insurer and (2) the definition of Policy. Therefore,
Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the new Section 1.1 as follows:
1.1 | Insurer means each life insurance carrier for which there is a Split Dollar Policy Endorsement for this Agreement. |
Section 1.2 of the Agreement shall be deleted in its entirety and replaced by the new Section 1.2 as follows:
1.2 | Policy means the specific life insurance policy or policies issued by the Insurer(s). |
IN WITNESS OF THE ABOVE, the Company and Director hereby consent to this First Amendment.
DIRECTOR: | CORTLAND BANCORP. | |||||||
By: | ||||||||
Title: | ||||||||
FIRST AMENDMENT
TO THE
CORTLAND BANCORP.
SPLIT DOLLAR AGREEMENT
DATED FEBRUARY 23, 2001
TO THE
CORTLAND BANCORP.
SPLIT DOLLAR AGREEMENT
DATED FEBRUARY 23, 2001
THIS FIRST AMENDMENT is adopted this day of , 20 , by and between CORTLAND BANCORP., a holding company located in Cortland, Ohio (the Company) and George Gessner (the Director).
On February 23, 2001, the Company and the Director executed the Split Dollar Agreement (the Agreement).
According to the terms of Article 7, the undersigned hereby amend, in part, said Agreement for the purpose of updating (1) the definition of Insurer and (2) the definition of Policy. Therefore,
Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the new Section 1.1 as follows:
1.1 | Insurer means each life insurance carrier for which there is a Split Dollar Policy Endorsement for this Agreement. |
Section 1.2 of the Agreement shall be deleted in its entirety and replaced by the new Section 1.2 as follows:
1.2 | Policy means the specific life insurance policy or policies issued by the Insurer(s). |
IN WITNESS OF THE ABOVE, the Company and Director hereby consent to this First Amendment.
DIRECTOR: | CORTLAND BANCORP. | |||||||
By: | ||||||||
Title: | ||||||||