Common use of ANNUAL DIVIDENDS Clause in Contracts

ANNUAL DIVIDENDS. This policy will share in the divisible surplus of the Company. This surplus is determined each year. This policy's share will be credited as a dividend on the policy anniversary.

Appears in 7 contracts

Samples: Agreement (Aerosonic Corp /De/), Agreement (Aerosonic Corp /De/), Agreement (Aerosonic Corp /De/)

AutoNDA by SimpleDocs

ANNUAL DIVIDENDS. This policy will share in the divisible surplus of the CompanyCompany to the extent it contributes to this surplus. This surplus is determined each year. This policy's share will be credited as a dividend on the policy anniversary. Since this policy is not expected to contribute to divisible surplus, it is not expected that any dividends will be paid.

Appears in 6 contracts

Samples: Insurance Agreement (Northwestern Mutual Variable Life Account), Insurance Agreement (Northwestern Mutual Variable Life Account), Insurance Agreement (Northwestern Mutual Variable Life Account)

AutoNDA by SimpleDocs

ANNUAL DIVIDENDS. This policy will share in the divisible surplus of the Company. This surplus is determined each year. This The policy's share will be credited as a dividend on the policy anniversary.

Appears in 4 contracts

Samples: Northwestern Mutual Variable Life Account, Northwestern Mutual Variable Life Account, Northwestern Mutual Variable Life Account

Time is Money Join Law Insider Premium to draft better contracts faster.