Common use of Executive Insurance Policy Clause in Contracts

Executive Insurance Policy. During the Contract Period while Executive is employed by SITE Centers, SITE Centers shall promptly (and, in any event, within thirty (30) days following receipt from Executive of written evidence of Executive’s having made expenditures therefor) reimburse Executive (up to an aggregate maximum of $10,000 in any calendar year) for premiums paid by Executive for life, disability and/or similar insurance policies.

Executive Insurance Policy. During the Contract Period while Executive is employed by SITE Centers, SITE Centers shall promptly (and, in any event, within thirty (30) days following receipt from Executive of written evidence of Executive’s having made expenditures therefor) reimburse Executive (up to an aggregate maximum of $10,000 25,000 in any calendar year) for premiums paid by Executive for life, disability and/or similar insurance policies.

Executive Insurance Policy. During the Contract Period while Executive is employed by SITE Centers, SITE Centers shall promptly (and, in any event, within thirty (30) days following receipt from Executive of written evidence of Executive’s having made expenditures therefor) reimburse Executive (up to an aggregate maximum of $10,000 in any calendar year) for premiums paid by Executive for life, disability and/or similar insurance policies. Executive acknowledges that such reimbursement is being provided in lieu of any accelerated or continued vesting of equity awards in connection with his termination of employment due to death or disability.