Common use of Key Man Life Insurance Clause in Contracts

Key Man Life Insurance. The Corporation may purchase and maintain life insurance covering the life of Executive ("Key-man Insurance") in an amount determined by the Corporation. The Corporation shall be the sole owner and beneficiary of the Key-man Insurance and may apply to the payment of premiums thereunder any dividends declared and paid thereon. Executive shall submit himself to such physical examinations as the President of the Corporation may deem necessary or desirable in connection with the purchase and maintenance of the Key-man Insurance.

Key Man Life Insurance. The Corporation may Company and/or the Bank may, in its sole discretion, elect to purchase and maintain key man life insurance covering on the life of Executive ("Key-man Insurance") in an amount determined under which the Company and/or the Bank is designated as the beneficiary. Executive agrees to submit, at any reasonable time and location, to any physical examination required by the Corporation. The Corporation shall be insurance carrier designated by the sole owner Company and/or the Bank and beneficiary to execute any documents necessary to effect the issuance of the Key-man Insurance and may apply to the payment of premiums thereunder any dividends declared and paid thereon. Executive shall submit himself to such physical examinations as the President of the Corporation may deem necessary or desirable in connection with the purchase and maintenance of the Key-man Insurancepolicy.

Key Man Life Insurance. The Corporation may purchase and maintain life insurance covering the life of Executive ("Key-man Insurance") in an amount determined by the Corporation. The Corporation shall be the sole owner and beneficiary of the Key-man Insurance and may apply to the payment of premiums thereunder any dividends declared and paid thereon. Executive shall submit himself from time to time to such physical examinations as the President Board of Directors of the Corporation may deem necessary or desirable in connection with the purchase and maintenance of the Key-man Insurance.

Key Man Life Insurance. The Corporation may purchase and maintain life insurance covering the life of Executive ("Key-man Insurance") in an amount determined by the Corporation. The Corporation shall be the sole owner and beneficiary of the Key-man Insurance and may apply to the payment of premiums thereunder any dividends declared and paid thereon. Executive shall submit himself to such physical examinations as the President Chief Executive Officer of the Corporation may deem necessary or desirable in connection with the purchase and maintenance of the Key-man Insurance.

Key Man Life Insurance. The Corporation Company may purchase and maintain "key man" life insurance covering on the Executive's life of Executive ("Key-man Insurance") in an amount determined by for the Corporation. The Corporation shall be the sole owner and beneficiary benefit of the Key-man Insurance and may apply Company to the payment of premiums thereunder any dividends declared extent it deems necessary or advisable, and paid thereon. the Executive shall submit himself to such physical for medical examinations as the President of the Corporation may deem necessary or desirable be required in connection with the purchase therewith and maintenance of the Key-man Insuranceshall otherwise cooperate in arranging for such insurance.

Key Man Life Insurance. The Corporation may purchase and maintain life insurance covering the life of Executive ("Key-man Insurance") in an amount determined by the Corporation. The Corporation shall be the sole owner and beneficiary of the Key-man Insurance and may apply to the payment of premiums thereunder any dividends declared and paid thereon. Executive shall submit himself to such physical examinations as the President of the Corporation may deem necessary or desirable in connection with the purchase and maintenance of the Key-man Insurance.the

Key Man Life Insurance. The Corporation may purchase and maintain life insurance covering the life of Executive ("Key-man Insurance") in an amount determined by the Corporation. The Corporation shall be the sole owner and beneficiary of the Key-man Insurance and may apply to the payment of premiums thereunder any dividends declared and paid thereon. Executive shall submit himself to such physical examinations as the President of the Corporation may deem necessary or desirable in connection with the purchase and maintenance of the Key-man Insurance.

Key Man Life Insurance. The Corporation may purchase and maintain life insurance covering the life of Executive ("Key-man Insurance") in an amount determined by the Corporation. The Corporation shall be the sole owner and beneficiary of the Key-man Insurance and may apply to the payment of premiums thereunder any dividends declared and paid thereon. Executive shall submit himself to such physical examinations as the President Chairman of the Board of the Corporation may deem necessary or desirable in connection with the purchase and maintenance of the Key-man Insurance.

Key Man Life Insurance. The Corporation may purchase and maintain life insurance covering the life of Executive ("Key-man Insurance") in an amount determined by the Corporation. The Corporation shall be the sole owner and beneficiary of the Key-man Insurance and may apply to the payment of premiums thereunder any dividends declared and paid thereon. Executive shall submit himself to such physical examinations as the President Chairman of the Corporation may deem necessary or desirable in connection with the purchase and maintenance of the Key-man Insurance.

Key Man Life Insurance. The Corporation may purchase and maintain life insurance covering the life of Executive ("Key-man Insurance") in an amount determined by the Corporation. The Corporation shall be the sole owner and beneficiary of the Key-man Insurance and may apply to the payment of premiums thereunder any dividends declared and paid thereon. Executive shall submit himself herself to such physical examinations as the President of the Corporation may deem necessary or desirable in connection with the purchase and maintenance of the Key-man Insurance.