Give me more for this agreement: THIS AGREEMENT is made and entered into this 1st day of June, 2017 by and between Prudential Bank (hereinafter referred to as the "Employer"), located in Philadelphia, Pennsylvania and Jeffrey Hanuscin, (hereinafter referred to as the "Employee"), residing at 2406 Sanibel Circle, Palmyra, NJ 08065.
WHEREAS, the Employee has performed his duties in an efficient and capable manner; and
WHEREAS, the Employer is desirous of retaining the services of the Employee; and
WHEREAS, the Employer is desirous of assisting the Employee in obtaining life insurance on his own life; and
WHEREAS, the Employer has determined that this assistance can best be provided under a "split-dollar" arrangement; and