Common use of DIVISION OF DEATH PROCEEDS OF POLICY Clause in Contracts

DIVISION OF DEATH PROCEEDS OF POLICY. Upon the death of Insured Participant prior to the rollout of the Policy as set forth under Article V above, Insured Participant’s (or his/her assignee’s) beneficiary(s) shall be entitled to the Death Benefit as specified above. The Corporation shall be entitled to all remaining amounts payable under the Policy.

Appears in 4 contracts

Samples: Split Dollar Agreement (GameStop Corp.), Split Dollar Agreement (GameStop Corp.), Split Dollar Agreement (GameStop Corp.)

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DIVISION OF DEATH PROCEEDS OF POLICY. Upon the death of Insured Participant prior to the rollout of the Policy as set forth under Article V above, Insured Participant’s 's (or his/her assignee’s) beneficiary(s) shall be entitled to the Death Benefit as specified above. The Corporation shall be entitled to all remaining amounts payable under the Policy.

Appears in 1 contract

Samples: Split Dollar Agreement (GameStop Corp.)

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