Common use of Additional Term Insurance Clause in Contracts

Additional Term Insurance. Employee shall be provided additional term life insurance in the principal amount of $1,000,000, payable to such beneficiaries as selected by Employee. At the termination of this Agreement, Employee shall be given the right to assume the policy and pay the premiums due thereunder.

Appears in 7 contracts

Samples: Employment Agreement Agreement (Prima Group International Inc), Employment Agreement Agreement (Prima Group International Inc), Employment Agreement (Prima Group International Inc)

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