Common use of Application for Insurance Clause in Contracts

Application for Insurance. The Employee will apply to the Insurer(s) ------------------------- for a Whole Life Policy or Policies on his life in the face amount totaling $1,000,000 and will do everything necessary to cause the Policy to be issued. When the Policy is issued, the policy number, face amount and plan of insurance will be recorded and attached to this Agreement, and the Policy will then be subject to the terms of this Agreement.

Application for Insurance. The Employee Employer will apply to the Insurer(s) ------------------------- Insurer for a Whole Life Policy or Policies an insurance policy on his the Employee’s life in the face amount totaling of $1,000,000 1,438,941 (the “Policy”). The Employer and the Employee will do everything necessary to cause the Policy to be issued. When the Policy is issued, the policy number, face amount and plan of insurance will shall be recorded and on Schedule A attached to this Agreement, hereto and the Policy will then policy shall be subject to the terms of this Agreement.

Application for Insurance. The Employee will apply to the Insurer(s) ------------------------- for a Whole Life Policy or Policies on his life in the face amount totaling $1,000,000 2,000,000 and will do everything necessary to cause the Policy to be issued. When the Policy is issued, the policy number, face amount and plan of insurance will be recorded and attached to this Agreement, and the Policy will then be subject to the terms of this Agreement.