Common use of Key Man Insurance Clause in Contracts

Key Man Insurance. The Company will have the right, in its sole discretion, to purchase “key man” insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 17 contracts

Samples: Change in Control and Severance Agreement (Deckers Outdoor Corp), Change in Control and Severance Agreement (Deckers Outdoor Corp), Change in Control and Severance Agreement (Deckers Outdoor Corp)

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Key Man Insurance. The Company will have the right, in its sole discretion, to purchase "key man" insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 9 contracts

Samples: Senior Executive Employment Agreement (Deckers Outdoor Corp), Senior Executive Employment Agreement (Deckers Outdoor Corp), Senior Executive Employment Agreement (Deckers Outdoor Corp)

Key Man Insurance. The Company will shall have the right, in its sole discretion, to purchase "key man" insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will shall take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 8 contracts

Samples: Consulting Agreement (Aethlon Medical Inc), Employment Agreement (Saigene Corp), Employment Agreement (Saigene Corp)

Key Man Insurance. The Company will shall have the right, in its sole discretion, to purchase "key man" insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will shall take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 6 contracts

Samples: Employment Agreement (Microage Inc /De/), Employment Agreement (Microage Inc /De/), Employment Agreement (Microage Inc /De/)

Key Man Insurance. The In addition to the insurance policy described in Section 2.5(c), the Company will shall have the right, in its sole discretion, to purchase "key man" insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will shall take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 4 contracts

Samples: Employment Agreement (Mesa Air Group Inc), Employment Agreement (Mesa Air Group Inc), Employment Agreement (Mesa Air Group Inc)

Key Man Insurance. The In addition to the insurance policy described in Section 2.4(c), the Company will shall have the right, in its sole discretion, to purchase "key man" insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will shall take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 3 contracts

Samples: Employment Agreement (Mesa Air Group Inc), Employment Agreement (Mesa Air Group Inc), Employment Agreement (Mesa Air Group Inc)

Key Man Insurance. The Executive acknowledges that the Company will have the right, in its sole discretion, to may purchase "key man" insurance on the his life of the Executive. The Company shall be the owner and beneficiary of any such policy. If hereby agrees to cooperate with the Company elects in obtaining such insurance, including without limitation, submitting to purchase such a policy, the Executive will take such physical medical examinations and supply such information as may be reasonably requested required promptly upon request by the insurerCompany.

Appears in 2 contracts

Samples: Employment Agreement (Emtec Inc/Nj), Employment Agreement (Emtec Inc/Nj)

Key Man Insurance. The Company will shall have the right, in its sole discretion, to purchase "key man" insurance on the life of Executive in addition to the Executivekey man insurance acquired pursuant to Section 4.3(k) hereof. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will shall take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 2 contracts

Samples: Employment Agreement (Microage Inc /De/), Employment Agreement (Microage Inc /De/)

Key Man Insurance. The In addition to the insurance policy described in Section 2.5(c), the Company will shall have the right, in its sole discretion, to purchase “key man” insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will shall take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 2 contracts

Samples: Employment Agreement (Mesa Air Group Inc), Employment Agreement (Mesa Air Group Inc)

Key Man Insurance. The Company will shall have the right, in its sole discretiondiscre tion, to purchase "key man" insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will agrees to take such physical examinations and to supply such accurate and complete information as may be reasonably requested by the insurer.

Appears in 1 contract

Samples: Employment Agreement (Phon Net Com Inc)

Key Man Insurance. The Company will have the right, in its sole discretion, to purchase "key man" insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will take such physical examinations and supply such information as may be reasonably requested by the insurer. This does not apply to any existing split dollar insurance coverage in effect.

Appears in 1 contract

Samples: Employment Agreement (Deckers Outdoor Corp)

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Key Man Insurance. The Company will have the right, in its sole discretion, to purchase "key man" insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 1 contract

Samples: Employment Agreement (Gumtech International Inc \Ut\)

Key Man Insurance. The Company will have the right, in its sole discretion, to purchase “key man” insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 1 contract

Samples: Employment Agreement (Matrixx Initiatives Inc)

Key Man Insurance. The Company will have the right, in its sole discretion, to purchase “key man” insurance on the life of the Executive. The Company shall be have the owner right to purchase in Executive’s name a key man life insurance policy naming the Company as the beneficiary thereunder and beneficiary Executive agrees to cooperate with the Company’s procurement of any such policy. If the Company elects to purchase such a policy, the Executive will take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 1 contract

Samples: Employment Agreement (Cubic Energy Inc)

Key Man Insurance. The In addition to the insurance policy described in Section 2.4(c), the Company will shall have the right, in its sole discretion, to purchase “key man” insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will shall take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 1 contract

Samples: Employment Agreement (Mesa Air Group Inc)

Key Man Insurance. The Company will shall have the right, in its sole discretion, to purchase "key man" insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will shall take such physical examinations and supply such information as may be reasonably requested by the insurer. To the extent allowed by law, the Company shall direct the insurer to treat such information provided by Executive as confidential information which shall not be disclosed to the Company, its employees or agents.

Appears in 1 contract

Samples: Employment Agreement (Pilgrim America Capital Corp)

Key Man Insurance. The Company will have the right, in its sole discretion, to purchase "key man" insurance on the life of the Executive. The Company shall will be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will take such physical examinations and supply such information as may be reasonably requested by the insurer.

Appears in 1 contract

Samples: Employment Agreement (Microage Inc /De/)

Key Man Insurance. The Company will have the right, in its sole discretion, to purchase “key man” insurance on the life of the Executive. The Company shall be the owner and beneficiary of any such policy. If the Company elects to purchase such a policy, the Executive will take such physical examinations and supply such information as may be reasonably requested by the insurer. If the Executive dies from other than natural causes and it is established that the Company caused the Executive’s death, then the proceeds of such policy will be payable to the Executive’s estate.

Appears in 1 contract

Samples: Senior Executive Employment Agreement (Deckers Outdoor Corp)

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