Common use of Key Man Life Insurance Clause in Contracts

Key Man Life Insurance. The Company, in its discretion, may apply for and procure in its own name and for its own benefit, life insurance on the life of the Employee in any amount or amounts considered advisable by the Company, and the Employee shall submit to any medical or other examination, and shall execute and deliver any application or other instrument in writing, reasonably necessary to effectuate such insurance.

Key Man Life Insurance. The CompanyCorporation, in its discretion, may apply for and procure in its own name and for its own benefit, life insurance on the life of the Employee in any amount or amounts considered advisable by the CompanyCorporation, and the Employee shall submit to any medical or other examination, and shall execute and deliver any application or other instrument in writing, reasonably necessary to effectuate such insurance.

Key Man Life Insurance. The If requested by the Company, in Employee shall submit to such physical examinations and otherwise take such actions and execute and deliver such documents as may be reasonably necessary to enable the Company, at its discretion, may apply for and procure in its own name expense and for its own benefit, to obtain life insurance on the life of the Employee Employee. The disposition of the proceeds of such policy shall be in any amount or amounts considered advisable by the sole discretion of the Company, and the Employee shall submit to any medical or other examination, and shall execute and deliver any application or other instrument in writing, reasonably necessary to effectuate such insurance.

Key Man Life Insurance. The Company, in its discretion, may apply for and procure in its own name and for its own benefit, benefit life insurance on the life of the Employee in any amount or amounts amount(s) considered advisable by the Company, and the . The Employee shall submit to any medical or other examination, examination and shall execute and deliver any application or other instrument in writing, reasonably necessary to effectuate effect such insurance.