Ownership of the Policy. The Company shall be the sole and absolute owner of the Policy, and may exercise all ownership rights granted to the owner thereof by the terms of the Policy, except as my otherwise be provided herein.
Ownership of the Policy. Subject to the provisions of this Agreement and the Collateral Assignment, the Owner shall be the sole and absolute owner of the Policy and may and shall exercise all ownership rights granted to the owner thereof by the terms of the Policy. It is the intention of the parties that the Owner shall retain all rights which the Policy grants to the owner of the Policy, except the right of the Corporation to recover the amount due to the Corporation under this Agreement. Specifically, without limitation, the Corporation shall neither have nor exercise any right as the collateral assignee of the Policy which could in any way defeat or impair the Owner's right to receive the cash surrender value or the death proceeds of the Policy in excess of the Corporation's Interest (as hereinafter defined). All provisions of this Agreement and the Collateral Assignment shall be construed so as to carry out such intention.
Ownership of the Policy. The Employee shall be the owner of the Policy and may exercise all rights of ownership with respect to the Policy except as otherwise hereinafter provided; notwithstanding the foregoing, the Employee shall be permitted to borrow from the Policy only to the extent that the cash value of the Policy exceeds the amount payable to the Corporation under subparagraph (b) of paragraph 5 thereof.
Ownership of the Policy. The Company acknowledges that the Employee is the owner of the Policy and that Employee is entitled to exercise all of his rights granted by the terms of the Policy, except to the extent that the power of the Employee to exercise those rights is specifically limited by this Agreement and the Collateral Security Assignment Agreement of even date in the form attached hereto as Exhibit A (the "Collateral Assignment") executed by the Employee with respect to the Policy. Except as so limited, it is the expressed intention of the parties to reserve to the Employee all rights in and to the Policy granted to its owner by the terms thereof, including, but not limited to, the right to change the beneficiary of that portion of the proceeds to which the Employee is entitled under Section 3(d) of this Agreement and the right to exercise settlement options.
Ownership of the Policy. (a) The Employee is the sole owner of the Policy, and may exercise all incidents of ownership with respect thereto without the Corporation's consent, subject only to the limited rights given the Corporation under the terms of the limited collateral assignment provided for herein.
Ownership of the Policy. The Employee shall be the owner of the insurance policy on the Employee's life identified in Exhibit "A" attached hereto and made a part hereof, and may exercise all rights of ownership with respect to the policy except as otherwise hereinafter provided.
Ownership of the Policy. The Policy shall be issued to the Executive or to a trust designated by the Executive in accordance with this Section 2(b). If the Policy is originally issued to the Executive, the Executive may transfer the Policy to a trust designated by the Executive, if such transfer is approved by the Company. The trustee, on behalf of a trust to which the Policy is issued or transferred, must execute a copy of this Agreement and agree to be bound by the terms hereof. The Executive or the trustee, on behalf of such a designated trust, as the case may be, shall be the sole and exclusive owner of the Policy, subject to the rights and interests granted to the Company, as provided in this Agreement and the Collateral Assignment. The Executive and any such trustee acknowledge and agree that the Company and its agents have not provided advice with respect to Executive's estate planning.
Ownership of the Policy. The owner of the Records Management Policy is the Information Manager, who is responsible for the development and implementation of a Records Management programme and strategy. Individual Directorates should only develop procedures and practices in line with this policy. Individual members of Council staff are responsible for creating and maintaining records in accordance with best practice, legal requirements and for ensuring that records are held securely. Training and awareness All line managers must ensure that members of staff responsible for managing records are appropriately trained, and that all staff are aware of the need for and significance of records management. Monitoring compliance The Information Management Team will (subject to resources) monitor compliance with the policy and performance with regard to the storage, retrieval and retention of records. References/Supporting Documents Corporate Document Retention Policy Thurrock Councils Publication Scheme ISO 15489 International Standard for Records Management Lord Chancellors code of practice on the management of records under secti46 of the Freedom of Information Act Schedule 4 Contract Programme or Timetable for delivery NOT USED Schedule 5 REDACTABLE INFORMATION The following information may be redacted for the purposes of the Government’s Transparency Agenda.
Ownership of the Policy. The Director shall be the owner of the insurance policy on the Director's life and the life of his spouse identified in Exhibit "A", attached hereto and made a part hereof, and may exercise all rights of ownership with respect to the policy except as otherwise hereinafter provided.
Ownership of the Policy. Upon the execution and delivery of this Section 162 Plan, the Executive shall become the sole owner and beneficiary of the Policy , and in consideration thereof the Executive hereby relinquishes the right to receive certain death benefits that the Executive is entitled to receive under the Split Dollar Plan as provided in Section 3 of this Agreement.
