Death Benefit Amounts. a. In the event of Owner's death prior to the termination of this Agreement, the death benefit payable to the Employer (or the Employer's designated beneficiaries) under this Agreement shall be equal to the Employer's Interest in the Policy at the time of Owner's death.
Appears in 5 contracts
Samples: Split Dollar Agreement (American Capital Strategies LTD), Split Dollar Agreement (American Capital Strategies LTD), Split Dollar Agreement (American Capital Strategies LTD)
Death Benefit Amounts. a. In the event of Ownerthe Insured's death prior to the termination of this Agreement, the death benefit payable to the Employer (or the Employer's designated beneficiaries) under this Agreement shall be equal to the Employer's Interest in the Policy at the time of Ownerthe Insured's deathdeath minus the amount payable to the Employer under the Term Insurance, as defined in Section 5.3(b) of the Exercise Agreement.
Appears in 2 contracts
Samples: Split Dollar Agreement (American Capital Strategies LTD), Split Dollar Agreement (American Capital Strategies LTD)
Death Benefit Amounts. a. In the event of Owner's ’s death prior to the termination of this Agreement, the death benefit payable to the Employer (or the Employer's ’s designated beneficiaries) under this Agreement shall be equal to the Employer's ’s Interest in the Policy at the time of Owner's ’s death.
Appears in 1 contract
Samples: Split Dollar Agreement (American Capital Strategies LTD)
