Common use of Corporation’s Rights Clause in Contracts

Corporation’s Rights. The Corporation's rights and interests in and to -------------------- the Policy shall be specifically limited to (i) the right to be paid its Collateral Interest in accordance with Section 6 below, and (ii) the rights specified in the Collateral Assignment.

Appears in 2 contracts

Samples: Split Dollar Agreement (Wisconsin Energy Corp), Split Dollar Agreement (Wisconsin Energy Corp)

AutoNDA by SimpleDocs

Corporation’s Rights. The Corporation's rights and interests in and to -------------------- the Policy shall be specifically limited to (i) the right to be paid its Collateral Interest and the Corporation's Death Benefit, if any, in accordance with Section 6 below, and (ii) the rights specified in the Collateral Assignment, and (iii) the right to obtain one (1) or more loans or advances on the Policy, provided, however, that any such loans shall not, in the aggregate, exceed the Aggregate Premiums Paid by the Corporation at any specified date without the written consent of the Participant. 5.

Appears in 1 contract

Samples: Protection Plan Agreement (Alza Corp)

AutoNDA by SimpleDocs

Corporation’s Rights. The Corporation's rights and interests in and to the -------------------- the Policy shall be specifically limited to (i) the right to be paid its Collateral Interest and the Corporation's Death Benefit, if any, in accordance with Section 6 below, and (ii) the rights specified in the Collateral Assignment.

Appears in 1 contract

Samples: Exchange Agreement (Parker Hannifin Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.