Assignment of Life Insurance Policies. If the Executive’s employment is terminated for Disability pursuant to Section 4.1, other than for Cause or Disability pursuant to Section 4.4, by non-renewal of this Agreement by EDGEN pursuant to Section 4.4, by EDGEN in conjunction with a Change of Control pursuant to Section 4.5, by the Executive for Good Reason pursuant to Section 4.6, by the Executive due to retirement pursuant to Section 4.7, or in connection with the non-renewal of the Agreement by Executive pursuant to Section 4.8, then promptly after such termination, EDGEN shall cause the assignment to Executive of any insurance policies owned by EDGEN, the Parent, or any of their Affiliates, which have been taken out on the life of the Executive.
Appears in 4 contracts
Samples: Employment Agreement (Edgen Group Inc.), Employment Agreement (Edgen Group Inc.), Employment Agreement (Edgen Group Inc.)
