Common use of Buy-Sell Arrangement Clause in Contracts

Buy-Sell Arrangement. 1. Is there a written buy-sell agreement? o Yes o No 2. Are all other parties to agreement already covered by or applying for comparable amounts of insurance? o Yes o No If No, explain : b. o Key Person 1. Are all other key persons covered by or applying for comparable amounts of insurance? o Yes o No 2. Why is the Proposed Insured considered “key”? (Detail special skills/knowledge/ability.) o

Appears in 2 contracts

Samples: Limited Insurance Agreement, Limited Insurance Agreement

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Buy-Sell Arrangement. 1. Is there a written buy-sell agreement? o Yes o No 2. Are all other parties to agreement already covered by or applying for comparable amounts of insurance? o Yes o No If No, explain : b. o Key Person 1. Are all other key persons covered by or applying for comparable amounts of insurance? o Yes o No 2. Why is the Proposed Insured considered “key”? (Detail special skills/knowledge/ability.) o)

Appears in 1 contract

Samples: Limited Insurance Agreement

Buy-Sell Arrangement. 1. Is there a written buy-sell agreement? o Yes o No 2. Are all other parties to agreement already covered by or applying for comparable amounts of insurance? o Yes o No If No, explain : b. o Key PersonPerson  Yes  No 1. Are all other key persons covered by or applying for comparable amounts of insurance? o Yes o No 2. Why is the Proposed Insured considered “key”? (Detail special skills/knowledge/ability.) o)

Appears in 1 contract

Samples: Limited Insurance Agreement

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Buy-Sell Arrangement. 1. Is there a written buy-sell agreement? o Yes o No 2. Are all other parties to agreement already covered by or applying for comparable amounts of insurance? o Yes o No If No, explain : b. o Key PersonPerson o Yes o No 1. Are all other key persons covered by or applying for comparable amounts of insurance? o Yes o No 2. Why is the Proposed Insured considered “key”? (Detail special skills/knowledge/ability.) o)

Appears in 1 contract

Samples: Limited Insurance Agreement

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