Common use of ADDITIONAL INSURANCE AT GROUP'S OPTION Clause in Contracts

ADDITIONAL INSURANCE AT GROUP'S OPTION. Group, in its sole discretion, may apply for and procure in its own name (whether or not for its own benefit) policies of insurance insuring the life of Executive in such amounts as Group may deem advisable, in addition to insurance policies contemplated by Section 3.1.3 and Section 5.4.1.3. Executive shall have no right, title, or interest in any such policies of insurance, except to the extent his Estate or other persons are specifically named as beneficiaries thereof. Executive agrees to submit to any medical or other examination and to execute and deliver any applications or other instrument in writing, reasonably necessary to effectuate such insurance.

ADDITIONAL INSURANCE AT GROUP'S OPTION. Group, in its sole discretion, may apply for and procure in its own name (whether or not for its own benefit) policies of insurance insuring the life of Executive in such amounts as Group may deem advisable, in addition to insurance policies contemplated by Section 3.1.3 and Section 5.4.1.3. Executive shall have no right, title, or interest in any such policies of insurance, except to the extent his Estate or other persons are specifically named as beneficiaries thereof. Executive agrees to submit to any medical or other examination and to execute and deliver any applications or other instrument in writing, reasonably necessary to effectuate such insurance.beneficiaries

ADDITIONAL INSURANCE AT GROUP'S OPTION. Group, in its sole discretion, may apply for and procure in its own name (whether or not for its own benefit) policies of insurance insuring the life of Executive in such amounts as Group may deem advisable, in addition to insurance policies contemplated by Section 3.1.3 and Section 5.4.1.3. Executive shall have no right, title, or interest in any such policies of insurance, except to the extent his Estate or other persons are specifically named as beneficiaries thereof. Executive agrees to submit to any medical or other examination and to execute and deliver any applications or other instrument in writing, reasonably necessary to effectuate such insurance.other