Common use of Key Employee Insurance Clause in Contracts

Key Employee Insurance. The Company shall have the option, but not the obligation, to obtain on the life of Executive, pay all premium amounts related to, and maintain, “key employee” insurance naming the Company as beneficiary. Selection of such insurance policy shall be in the sole and absolute discretion of the Board. Executive shall cooperate fully with the Company, the Board, and the insurer in applying for, obtaining, and maintaining such life insurance, by executing and delivering such further and other documents as the Company, the Board, and/or the insurer may request from time to time, and doing all matters and things that may be convenient or necessary to obtain such insurance, including, without limitation, submitting to any physical examinations and providing any medical information required by the insurer.

Key Employee Insurance. The Company shall have the option, but not the obligation, to obtain on the life of Executive, pay all premium amounts related to, and maintain, “key employee” insurance naming the Company as beneficiary. Selection of such insurance policy shall be in the sole and absolute discretion of the BoardCompany's Board of Directors. Executive shall cooperate fully with the Company, the Board, and the insurer in applying for, obtaining, obtaining and maintaining such life insurance, by executing and delivering such further and other documents as the Company, the Board, Board and/or the insurer may request from time to time, and doing all matters and things that which may be convenient or necessary to obtain such insurance, including, without limitation, submitting to any physical examinations and providing any medical information required by the insurer.

Key Employee Insurance. The Company shall have the option, but not the obligation, to obtain on the life of Executive, pay all premium amounts related to, and maintain, “key employee” insurance naming the Company as beneficiary. Selection of such insurance policy shall be in the sole and absolute discretion of the BoardCompany’s Board of Directors. Executive shall cooperate fully with the Company, the Board, and the insurer in applying for, obtaining, obtaining and maintaining such life insurance, by executing and delivering such further and other documents as the Company, the Board, Board and/or the insurer may request from time to time, and doing all matters and things that which may be convenient or necessary to obtain such insurance, including, without limitation, submitting to any physical examinations and providing any medical information required by the insurer.

Key Employee Insurance. The Company shall have the option, but not the obligation, to obtain on the life of Executive, pay all premium amounts related to, and maintain, “key employee” insurance naming the Company as beneficiary. Selection of such insurance policy shall be in the sole and absolute discretion of the Board. Executive shall cooperate fully with the Company, the Board, and the insurer in applying for, obtaining, and maintaining such life insurance, by executing and delivering such further and other documents as the Company, the Board, and/or the insurer may request from time to time, and doing all matters and things that which may be convenient or necessary to obtain such insurance, including, without limitation, submitting to any physical examinations and providing any medical information required by the insurer.

Key Employee Insurance. The Company shall have the option, but not the obligation, to obtain on the life of Executive, pay all premium amounts related to, and maintain, “key employee” insurance naming the Company as beneficiary. Selection of such insurance policy shall be in the sole and absolute discretion of the BoardCompany's Board of Directors. Executive shall cooperate fully with the Company, the Board, and the insurer in applying for, obtaining, 9 obtaining and maintaining such life insurance, by executing and delivering such further and other documents as the Company, the Board, Board and/or the insurer may request from time to time, and doing all matters and things that which may be convenient or necessary to obtain such insurance, including, without limitation, submitting to any physical examinations and providing any medical information required by the insurer.