Key Man Insurance. The Company shall be entitled to obtain a “key man” or similar life or disability insurance policy on the Executive, and neither the Executive nor any of his family members, heirs or beneficiaries shall be entitled to the proceeds thereof. Such insurance shall be available to offset any payments due to the Executive pursuant to Section 5.1 of this Agreement due to his death or Disability.
Appears in 42 contracts
Samples: Employment Agreement (Orthofix International N V), Employment Agreement (Orthofix International N V), Employment Agreement (Orthofix International N V)
Key Man Insurance. The Company shall be entitled to obtain a “key man” or similar life or disability insurance policy on the Executive, and neither the Executive nor any of his family members, heirs or beneficiaries shall be entitled to the proceeds thereof. Such insurance shall be available to offset any payments due to the Executive pursuant to in accordance with Section 5.1 of this Agreement due to his death or Disability.
Appears in 2 contracts
Samples: Employment Contract (Orthofix Medical Inc.), Employment Contract (Orthofix International N V)
Key Man Insurance. The Company shall be entitled to obtain a “"key man” " or similar life or disability insurance policy on the Executive, and neither the Executive nor any of his family members, heirs or beneficiaries shall be entitled to the proceeds thereof. Such insurance shall be available to offset any payments due to the Executive pursuant to Section 5.1 of this Agreement due to his death or Disabilitydisability.
Appears in 1 contract
Key Man Insurance. The Company shall be entitled to obtain a “key man” or similar life or disability insurance policy on the ExecutiveEmployee, and neither the Executive Employee nor any of his family members, heirs or beneficiaries shall be entitled to the proceeds thereof. Such insurance shall be available to offset any payments due to the Executive Employee pursuant to Section 5.1 5.4 of this Agreement due to his death or Disability.
Appears in 1 contract
Key Man Insurance. The Parent and/or the Company shall be entitled to obtain a “key man” or similar life or disability insurance policy on the Executive, and neither the Executive nor any of his family members, heirs or beneficiaries shall be entitled to the proceeds thereof. Such insurance shall be available to offset any payments due to the Executive pursuant to in accordance with Section 5.1 of this Agreement due to his death or Disability.
Appears in 1 contract
