Common use of Key Person Life Insurance Clause in Contracts

Key Person Life Insurance. The Executive acknowledges that the Company may wish to purchase insurance on the life of the Executive, the proceeds of which would be payable to the Company, at the Company’s expense. The Executive hereby consents to such insurance and agrees to submit to any medical examination and release of medical records required to obtain such insurance.

Key Person Life Insurance. The Executive acknowledges that the Company may wish to purchase insurance on the life of the Executive, the proceeds of which would be payable to the Company, at the Company’s expense. The Executive hereby consents to such insurance and agrees to submit to any medical examination and release of medical records required to obtain such insurance.

Key Person Life Insurance. The Executive acknowledges that agrees to cooperate with the Company may wish including submitting to purchase medical examinations and providing medical and other information to life insurance carriers to enable the Company to obtain key person life insurance on Executive's life for the life benefit of the Executive, the proceeds of which would be payable Company. Executive hereby represents and warrants to the Company, Company that to Executive's knowledge Executive's life is insurable at the Company’s expense. The Executive hereby consents to such insurance and agrees to submit to any medical examination and release of medical records required to obtain such insuranceno worse than standard rates.

Key Person Life Insurance. The Executive acknowledges that the Company may wish to purchase insurance on the life of the Executive, the proceeds of which would be payable to the Company, at the Company’s expense. The Executive hereby consents to such insurance and agrees to submit to any medical examination and release of medical records required to obtain such insurance.’s