Corporate Owned Life Insurance Sample Clauses

Corporate Owned Life Insurance. The Employer will not own and/or be the beneficiary of any life insurance policy on the life or lives of any members of the bargain- ing unit without obtaining the explicit authorization of the Team- sters National Master Freight Negotiating Committee and the indi- vidual affected employees.
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Corporate Owned Life Insurance. Acuity shall continue to own and hold all of the corporate-owned life insurance policies currently owned by Acuity or an affiliate of Acuity that have been held by Acuity to help fund its obligations under the Deferred Compensation Plans and other Acuity Executive Programs.
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Corporate Owned Life Insurance. CBI shall retain all corporate-owned life insurance policies that were purchased by CBI in 1986, including those policies insuring Convergys Individuals. CBI shall continue, liquidate and/or administer such corporate-owned life insurance policies on terms and conditions agreed to by CBI and Convergys. Convergys and CBI shall share all information that may be necessary to identify the individuals insured by the corporate-owned life insurance policies owned by CBI and to determine when and whether such individuals are deceased.
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Corporate Owned Life Insurance. No Change
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Related to Corporate Owned Life Insurance

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Life Insurance Policy In addition to the insurance coverage contemplated by Section 4(e), during the Employment Term the Company shall maintain in effect term life insurance coverage for the Executive with a death benefit of at least Five Hundred Thousand Dollars ($500,000), subject to the Executive's insurability at standard rates and with the beneficiary or beneficiaries, thereof designated by the Executive. Notwithstanding Section 9 of this Agreement, such life insurance policy or policies may be assigned to a trust for the benefit of any beneficiary designated by the Executive.

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

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