Key Man Life Insurance. The Company may purchase on the life of the Executive up to $15.0 million of key man life insurance with the Company as the beneficiary of the death benefit.
Appears in 15 contracts
Samples: Employment Agreement (New York Mortgage Trust Inc), Employment Agreement (New York Mortgage Trust Inc), Employment Agreement (New York Mortgage Trust Inc)
Key Man Life Insurance. The Company may purchase on the life of the Executive up to $15.0 3.0 million of key man life insurance with the Company as the beneficiary of the death benefit.
Appears in 5 contracts
Samples: Employment Agreement (KMG America CORP), Employment Agreement (KMG America CORP), Employment Agreement (KMG America CORP)
Key Man Life Insurance. The Executive agrees that the Company may purchase at least $10,000,000 of key-man life insurance on the life of Executive at the Executive up to $15.0 million expense of key man life insurance with the Company as and acknowledges that the beneficiary of benefits under such policy shall be paid to the death Company and not to or for the Executive’s benefit. The Executive agrees to cooperate, including taking a physical, to allow the Company to obtain such life insurance.
Appears in 1 contract
