Common use of Key Person Life Insurance Clause in Contracts

Key Person Life Insurance. For a period of three years from the Effective Date, the Company agrees to maintain key person life insurance in an amount not less than $1,000,000 on the life of Xxxx X. Xxxxxxx, and agrees to pay the annual premiums for the policy which shall name the Company as the sole beneficiary.

Key Person Life Insurance. For a period of at least three years from following the Effective Date, the Company agrees to shall maintain key person life insurance with an insurance company which is reasonably satisfactory to the Representative in an amount not no less than $1,000,000 2 million in the aggregate on the life lives of Xxxx each of Xxxxx X. XxxxxxxXxxxxxx and Xxxxxx X. Xxxx, and agrees to pay the annual premiums for the policy which shall name naming the Company as the sole beneficiarybeneficiary thereof.

Key Person Life Insurance. For a period of three years from the Effective Date, the The Company agrees to will maintain key person life insurance in an amount not less than $1,000,000 on the life of Xxxx Jxxx X. XxxxxxxXxxxx, to be in effect as of the Effective Date, and agrees to pay the annual premiums for the policy which shall therefor and name the Company as the sole beneficiarybeneficiary thereof for at least three years following the Effective Date.

Key Person Life Insurance. For a period of three years from the Effective Date, the The Company agrees to will maintain key person life insurance in an amount not no less than $1,000,000 on the life of Xxxx X. Xxxxxxx, Xxxxxxx and agrees to pay the annual premiums for the policy which shall name therefor naming the Company as the sole beneficiarybeneficiary thereof for at least three years following the Effective Date.

Key Person Life Insurance. For a period of three years from the Effective Date, the The Company agrees to will maintain key person life insurance in an amount not no less than $1,000,000 1 million on the life of Xxxx X. Xxxxxxx, Xxxxxxx Xxxxxx and agrees to pay the annual premiums for the policy which shall name premium naming the Company as the sole beneficiarybeneficiary thereof for at least three years following the Effective Date.

Key Person Life Insurance. For a period of three years from the Effective Date, the The Company agrees to will maintain key person life insurance in an amount not no less than $1,000,000 2,000,000 each on the life of Xxxx Xxxxxx X. Xxxxxxx, Xxxxxxxxx and agrees to pay the annual premiums for the policy which shall name therefor naming the Company as the sole beneficiarybeneficiary thereof for at least three years following the Effective Date.