Common use of Key Person Life Insurance Clause in Contracts

Key Person Life Insurance. The Company will maintain key person life insurance in an amount not less than $1,000,000 on the life of Xxxxxx Xxxxxxxxxxx, to be in effect as of the Effective Date, and pay the annual premiums therefor and name the Company as the sole beneficiary thereof.

Key Person Life Insurance. The Company will maintain key person life insurance in an amount not less than $1,000,000 1,200,000 on the life of Xxxxxx Xxxxxxxxxxx, to be in effect as of the Effective Date, E. Xxxxxxx Xxxxx and pay the annual premiums therefor and name naming the Company as the sole beneficiary thereofthereof for at least three years following the Effective Date.

Key Person Life Insurance. The Company will maintain key person life insurance in an amount not less than $1,000,000 each on the life lives of Xxxxxx XxxxxxxxxxxMichxxx X. Xxxxx xxx Jeffxx Xxxxxx, to xx be in effect as of the Effective Date, and pay the annual premiums therefor and name naming the Company as the sole beneficiary thereofthereof for at least three years following the Effective Date.

Key Person Life Insurance. The Company will maintain key person life insurance in an amount not less than $1,000,000 5,000,000 on the life of Xxxxxx XxxxxxxxxxxXxxxx Xxxxxxxxx and $2,000,000 on the life of Xxxxxxx Xxxxxx, to be in effect as of the Effective Date, and pay the annual premiums therefor and name the Company as the sole beneficiary thereofthereof for at least three years following the Effective Date.

Key Person Life Insurance. The Company will maintain key person life insurance in an amount not no less than $1,000,000 on the life of Xxxxxx Xxxxxxxxxxx, to be in effect as of the Effective Date, X. Xxxx and pay the annual premiums therefor and name naming the Company as the sole beneficiary thereofthereof for at least three years following the Effective Date.

Key Person Life Insurance. The Company will maintain key person life insurance in an amount not less than $1,000,000 [3,000,000] on the life of Xxxxxx XxxxxxxxxxxHxx Xxxxxxxx, to be in effect as of the Effective Date, and pay the annual premiums therefor and name the Company as the sole beneficiary thereof.

Key Person Life Insurance. The Company has purchased and will ------------------------- maintain key person life insurance in an amount not no less than $1,000,000 on the life lives of each of Xxxxxx Xxxxxxxxxxx, to be in effect as of the Effective Date, X. Xxxx and Xxxxxxx X. X'Xxxx and pay the annual premiums therefor and name naming the Company as the sole beneficiary thereofthereof for at least five years following the Effective Date.

Key Person Life Insurance. The Company will maintain maintain, for a period ------------------------- of not less than one year from the Effective Date, key person life insurance in an amount not no less than $1,000,000 on the life of Xxxxxxx X. Xxxxxx Xxxxxxxxxxx, to be in effect as of the Effective Date, and pay the annual premiums therefor and name the Company as the sole beneficiary thereof.

Key Person Life Insurance. The Company will maintain key person life insurance in an amount not less than $1,000,000 3,000,000 on the life of Xxxxxx Xxxxxxxxxxx, Xxxxx Xxxx to be in effect as of the Effective Date, and pay the annual premiums therefor and name the Company as the sole beneficiary thereofthereof for at least three years following the Effective Date.

Key Person Life Insurance. The Company will maintain key person life insurance in an amount not no less than Five Million ($1,000,000 5,000,00) Dollars on the life of Xxxxxx Xxxxxxxxxxx, to be in effect as of the Effective Date, Xxxx X. Xxxxxxxxxxxxxx and pay the annual premiums therefor and name therefore naming the Company as the sole beneficiary thereof, for at least three years following the Effective Date.

Key Person Life Insurance. The Company will maintain key person life insurance in an amount not less than $1,000,000 5,000,000 on the life of Xxxxxx XxxxxxxxxxxW. Xxxxxxx Xxxxxxxxxxx and up to $3,000,000 as agreed by the Underwriters and the Company for the lives of any two other executive officers, to be in effect as of within thirty days after the Effective Date, and pay the annual premiums therefor therefore and name the Company as the sole beneficiary thereofthereof for at least three years following the Effective Date.

Key Person Life Insurance. The Company will maintain key person life insurance in an amount not less than $1,000,000 on the life of Xxxxxx Xxxxxxxxxxx, to be in effect as of the Effective Date, Xxxx X. Xxxxxxxxx and pay the annual premiums therefor and name naming the Company as the sole beneficiary thereofthereof for at least three years following the Effective Date.