Common use of Company Ownership Clause in Contracts

Company Ownership. The Company is the sole owner of the Policy and shall have the right to exercise all incidents of ownership. The Company shall be the direct beneficiary of an amount of death proceeds equal to the greater of: a) the cash surrender value of the policy, b) the aggregate premiums paid on the Policy by the Company less any outstanding indebtedness to the Insurer or c) the total death proceeds less the split dollar amount. The split dollar amount shall be 60% of the difference between the total policy death proceeds and the policy cash surrender value at the date of the Executive’s death.

Company Ownership. The Company is the sole owner of the Policy and shall have the right to exercise all incidents of ownership. The Company shall be the direct beneficiary of an amount that portion of death proceeds the Death Proceeds equal to the greater of: a(i) the sum of the cash surrender value of each Policy on the policy, bdate of the Insured's death plus an amount equal to the excess of the Net Death Proceeds over the Executive's Interest in each Policy set forth in Section 2.2 below; or (ii) the aggregate premiums Premiums paid on the Policy by the Company less any outstanding indebtedness to the Insurer or c) the total death proceeds less the split dollar amount. The split dollar amount shall be 60% of the difference between the total policy death proceeds and the policy cash surrender value at the date of the Executive’s deathInsurer.

Company Ownership. The Company is the sole owner of the Policy and shall have the right to exercise all incidents of ownership. The Company shall be the direct beneficiary of an amount of death proceeds equal to the greater of: a) the cash surrender value of the policy, b) the aggregate premiums paid on the Policy by the Company less any outstanding indebtedness to the Insurer or c) the total death proceeds less the split dollar amount. The split dollar amount shall be 6050% of the difference between the total policy death proceeds and the policy cash surrender value at the date of the Executive’s death.

Company Ownership. The Company is the sole owner of the Policy and shall have the right to exercise all incidents of ownership. The Company shall be the direct beneficiary of an amount of death proceeds equal to the greater of: (a) the cash surrender value of the policy, Policy plus the amount from Schedule A. or (b) the aggregate premiums paid on the Policy by the Company less any outstanding indebtedness to the Insurer or c) the total death proceeds less the split dollar amount. The split dollar amount shall be 60% of the difference between the total policy death proceeds and the policy cash surrender value at the date of the Executive’s deathInsurer.

Company Ownership. The Company is the sole owner of the Policy Policies and shall have the right to exercise all incidents of ownership. The Company shall be the direct beneficiary of an amount of death proceeds equal to the greater of: agreatest of (1) the cash surrender value of the policy, bpolicies; (2) the aggregate premiums paid on the Policy Policies by the Company less any outstanding indebtedness to the Insurer Insurer; or c(3) the total death proceeds less amount in excess of $100,000; provided, however, that if the split dollar amount. The split dollar amount Company owns more than one policy on a Participant’s life, all such Policies shall be 60% of aggregated in calculating the difference between the total policy death proceeds and the policy cash surrender value at the date of the Executive’s deathamount set forth in this item (3).

Company Ownership. The Company is the sole owner of the Policy and shall have the right to exercise all incidents of ownership. The Company shall be the direct beneficiary of an amount of death proceeds equal to the greater of: a) the cash surrender value of the policy, b) the aggregate premiums paid on the Policy by the Company less any outstanding indebtedness to the Insurer or c) the total death proceeds less the split dollar amountSplit Dollar Amount. The split dollar amount Split Dollar Amount shall be the amount equal to 60% of the difference between the total policy death proceeds and the policy cash surrender value at the date time of the Executive’s 's death.

Company Ownership. The Company is the sole owner of the Policy shall own Policies on each Participant's life and shall have the right to exercise all incidents of ownership. The With respect to each Policy, the Company shall be the direct beneficiary of an amount of death proceeds equal to the greater greatest of: a(1) the cash surrender value of the policy, bPolicy; (2) the aggregate premiums paid on the Policy by the Company less any outstanding indebtedness to the Insurer Insurer; or c(3) the total death proceeds less the split dollar amount. The split dollar amount shall be 60% in excess of the difference between the total policy death proceeds and the policy cash surrender value at the date of the Executive’s death.benefit listed in Exhibit C.

Company Ownership. The Company is the sole owner of the Policy and shall have the right to exercise all incidents of ownership. The Company shall be the direct beneficiary of an amount of death proceeds equal to the greater of: a) the cash surrender value of the policy, b) the aggregate premiums paid on the Policy by the Company less any outstanding indebtedness to the Insurer or or, c) the total policy death proceeds less the split dollar amount. The split dollar an amount shall be calculated by multiplying by 60% of the difference between the total policy death proceeds and the policy cash surrender value at the date of the Executive’s deathpolicy.

Company Ownership. The Company is the sole owner of the Policy Policies and shall have the right to exercise all incidents of ownership. The Company shall be the direct beneficiary of an amount of death proceeds equal to the greater of: agreatest of (1) the cash surrender value of the policy, bpolicies; (2) the aggregate premiums paid on the Policy Policies by the Company less any outstanding indebtedness to the Insurer Insurer; or c(3) the total death proceeds less amount in excess of $100,000; provided, however, that if the split dollar amount. The split dollar amount Company owns more than one policy on a Participant's life, all such Policies shall be 60% of aggregated in calculating the difference between the total policy death proceeds and the policy cash surrender value at the date of the Executive’s deathamount set forth in this item (3).

Company Ownership. The Company is the sole owner of the Policy and shall have the right to exercise all incidents of ownership. The Company shall be the direct beneficiary of an amount of death proceeds equal to the greater of: a) the cash surrender value of the policy, b) the aggregate premiums paid on the Policy by the Company less any outstanding indebtedness to the Insurer or c) the total death proceeds less the split dollar amount. The split dollar amount shall be 60% of the difference between the total policy death proceeds and the policy cash surrender value at the date of the Executive’s death.0[$150,000,

Company Ownership. The Company is the sole owner of the Policy and shall have the right to exercise all incidents of ownership. The Company shall be the direct beneficiary of an amount of death proceeds equal to the greater of: a) the cash surrender value of the policy, b) the aggregate premiums paid on the Policy by the Company less any outstanding indebtedness to the Insurer or c) the total death proceeds less the split dollar amount. The split dollar amount shall be 60% of the difference between the total policy death proceeds and the policy cash surrender value at the date of the Executive’s death$500,000.

Company Ownership. The Company is the sole owner of the Policy shall own Policies on each Participant's life and shall have the right to exercise all incidents of ownership. The With respect to each Policy, the Company shall be the direct beneficiary of an amount of death proceeds equal to the greater greatest of: a: (1) the cash surrender value of the policy, b; (2) the aggregate premiums paid on the Policy by the Company less any outstanding indebtedness to the Insurer Insurer; or c(3) the total death proceeds less the split dollar amount. The split dollar amount shall be 60% in excess of Two Times Base Annual Salary of the difference between the total policy death proceeds and the policy cash surrender value at the date of the Executive’s deathInsured/Participant.

Company Ownership. The Company is the sole owner of the Policy and shall have the right to exercise all incidents of ownership. The Company shall be the direct beneficiary of an amount of death proceeds equal to the greater of: a) the cash surrender value of the policy, b) the aggregate premiums paid on the Policy by the Company less any outstanding indebtedness to the Insurer Insurer, or c) the total death proceeds less the split dollar amount. The split dollar amount shall be 60% of the difference between policy minus the total policy death proceeds and the policy cash surrender value at the date of the Executive’s deathSplit Dollar Amount.