Termination Option

• None – Assumes that the Split Dollar Plan agreed between Employer and Employee remains in effect until maturity.
• Termination Endorsement – Assumes that the Economic Benefit Split Dollar Plan terminates and that the Employer retains the entire portion of the cash value and death benefit of the life insurance policy after the termination.
• Roll out to Employee – Assumes that Loan Based Split Dollar Plan is rolled out to the Employee and that the Employee gains control of the entire portion of the cash value and death benefit of the life insurance policy and assumes the responsibility for any premiums due.