Common use of Benefits Payable Upon Disability or Death Clause in Contracts

Benefits Payable Upon Disability or Death. The Company shall, at all times, maintain in effect disability and death benefits insurance for the benefit of X. Xxxxx in an amount at least equal to that maintained for executives of similar rank and which will not be less than that maintained by the Company for all officers and employees. Provided that the Company may increase, but never decrease the benefits which X. Xxxxx and/or X. Xxxxx’x heirs would be entitled to thereunder.

Benefits Payable Upon Disability or Death. The Company shall, at all times, maintain in effect disability and death benefits insurance for the benefit of X. Xxxxx Xxxxxxxx in an amount at least equal to that maintained for executives of similar rank and which will not be less than that maintained by the Company for all officers and employees. Provided that the Company may increase, but never decrease the benefits which X. Xxxxx Xxxxxxxx and/or X. Xxxxx’x the Executive’s heirs would be entitled to thereunder.

Benefits Payable Upon Disability or Death. The Company shall, at all times, maintain in effect disability and death benefits insurance for the benefit of X. L. Xxxxx in an amount at least equal to that maintained for executives of similar rank and which will not be less than that maintained by the Company for all officers and employees. Provided that the Company may increase, increase but never decrease the benefits which X. L. Xxxxx and/or X. Xxxxx’x the Executive’s heirs would be entitled to thereunder.

Benefits Payable Upon Disability or Death. The Company shall, at all times, maintain in effect disability and death benefits insurance for the benefit of X. Xxxxx F. Xxxxxxxx in an amount at least equal to that maintained for executives of similar rank and which will not be less than that maintained by the Company for all officers and employees. Provided that the Company may increase, but never decrease the benefits which X. Xxxxx F. Xxxxxxxx and/or X. Xxxxx’x the Executive’s heirs would be entitled to thereunder.