Common use of Insurable Interest Clause in Contracts

Insurable Interest. Employee hereby grants to the Company an insurable interest in Employee's life, and agrees and understands that the Company may at any time or from time to time during the Term of Employment choose to purchase and maintain key man life insurance on Employee.

Insurable Interest. Employee hereby grants to the Company an insurable interest in Employee's life, and agrees and understands that the Company may at any time or from time to time during the Term of Employment choose to purchase and maintain key man life insurance on Employee.. [THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]