Key Person Insurance. Parsley and Employee acknowledge that Employee is a “key person” and as such Parsley may take out life insurance on such Employee for the benefit of Parsley or its affiliates. Employee agrees to cooperate with Parsley and submit to the necessary medical examinations and tests reasonably required to obtain such insurance, but insurability is not a condition of employment or continuation of employment.
Appears in 17 contracts
Samples: Employment, Confidentiality, and Non Competition Agreement, Employment Agreement (Parsley Energy, Inc.), Employment Agreement (Parsley Energy, Inc.)
