Common use of Key Person Insurance Clause in Contracts

Key Person Insurance. At any time during the Term, the Company shall have the right to insure the life of the Executive for the Company’s sole benefit. The Company shall have the right to determine the amount of insurance and the type of policy. The Executive shall cooperate with the Company in obtaining such insurance by submitting to physical examinations, by supplying all information reasonably required by any insurance carrier, and by executing all necessary documents reasonably required by any insurance carrier. The Executive shall incur no financial obligation by executing any required document, and shall have no interest in any such policy.

Key Person Insurance. At any time during the Term, the Company shall have the right to insure the life of the Executive for the Company’s 's sole benefit. The Company shall have the right to determine the amount of insurance and the type of policy. The Executive shall cooperate with the Company in obtaining such insurance by submitting to physical examinations, by supplying all information reasonably required by any insurance carrier, and by executing all necessary documents reasonably required by any insurance carrier. The Executive shall incur no financial obligation by executing any required document, and shall have no interest in any such policy.

Key Person Insurance. At any time during the Term, the Company shall have the right (but not the obligation) to insure the life of the Executive for the Company’s sole benefit. The Company shall have the right to determine the amount of insurance and the type of policy. The Executive shall reasonably cooperate with the Company in obtaining such insurance by submitting to reasonable physical examinations, by supplying all information reasonably required by any insurance carrier, and by executing all necessary documents reasonably required by any insurance carrier. The Executive shall incur no financial obligation by executing any required document, and shall have no interest in any such policy.

Key Person Insurance. At any time during the Term, the Company shall have the right to insure the life of the Executive for the Company’s sole benefit. The Company shall have the right to determine the amount of insurance and the type of policy. The Executive shall reasonably cooperate with the Company in obtaining such insurance by submitting to physical examinations, by supplying all information reasonably required by any insurance carrier, and by executing all necessary documents reasonably required by any insurance carrier. The Executive shall incur no financial obligation by executing any required document, and shall have no interest in any such policy.

Key Person Insurance. At any time during the Term, the Company shall have the right to insure the life of the Executive Employee for the Company’s sole benefit. The Company shall have the right to determine the amount of insurance and the type of policy. The Executive Employee shall reasonably cooperate with the Company in obtaining such insurance by submitting to physical examinations, by supplying all information reasonably required by any insurance carrier, and by executing all necessary documents reasonably required by any insurance carrier. The Executive shall incur no financial obligation by executing any required document, and shall have no interest in any such policy.

Key Person Insurance. At any time during the Term, the Company shall have the right to insure the life of the Executive for the sole benefit of the Company’s sole benefit, in such amounts, and with such terms, as it may determine. The Company All premiums payable thereon shall be the obligation of the Company. Executive shall have the right no interest in any such policy, but agrees to determine the amount of insurance and the type of policy. The Executive shall cooperate with the Company in obtaining procuring such insurance by submitting to physical examinations, by supplying all information reasonably required by any the insurance carriercompany, and by executing all necessary documents reasonably required by any insurance carrier. The Executive shall incur documents, provided that no financial obligation is imposed on Executive by executing any required document, and shall have no interest in any such policydocuments.

Key Person Insurance. At any time during the Term, the Company shall have the right to insure the life of the Executive for the Company’s sole benefit. The Company shall have the right to determine the amount of insurance and the type of policy. The Executive shall reasonably cooperate with the Company in obtaining such insurance by submitting to physical examinations, by supplying all information reasonably required by any insurance carrier, and by executing all necessary documents reasonably required by any insurance carrier. The Executive shall incur no financial obligation by executing any required document, and shall have no interest in any such policy.

Key Person Insurance. At any time during the Term, the Company shall have the right to insure the life of the Executive for the Company’s sole benefit. The Company shall have the right to determine the amount of insurance and the type of policy. The Executive shall cooperate with the Company in obtaining such insurance by submitting to physical examinations, by supplying all information reasonably required by any insurance carrier, and by executing all necessary documents reasonably required by any insurance carrier. The Executive shall incur no financial obligation by executing any required document, and shall have no interest in any such policy.. EMPLOYMENT AGREEMENT – XXXXXX XXXXXX

Key Person Insurance. At any time during the Term, the Company shall have the right (but not the obligation) to insure the life of the Executive for the Company’s sole benefit. The Company shall have the right to determine the amount of insurance and the type of policy. The Executive shall reasonably cooperate with the Company in obtaining such insurance by submitting to physical examinations, by supplying all information reasonably required by any insurance carrier, and by executing all necessary documents reasonably required by any insurance carrier. The Executive , provided that any information provided to an insurance company or broker shall incur no financial obligation by executing any required document, and shall have no interest in any such policy.not be provided to the Company without the prior written