Key Person Life Insurance. The Company shall have the right but not the obligation to maintain and pay for a key person life insurance policy on the life of the Consultant throughout the duration of this Agreement, as to which the Company shall be the sole beneficiary and owner. The Consultant agrees upon the execution of this Agreement to cooperate fully with the Company and to provide the Company with all necessary documents in order for the Company to obtain such policy.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Neoforma Com Inc), Consulting Agreement (Neoforma Com Inc)
Key Person Life Insurance. The Company shall have the right but not the obligation to maintain and pay for a key person life insurance policy on the life of the Consultant throughout the duration of this AgreementEmployee, as to which the Company shall be the sole beneficiary and owner. The Consultant Employee agrees upon the execution of this Employment Agreement to cooperate fully with the Company and to provide the Company with all necessary documents in order for the Company to obtain such policy.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Neoforma Com Inc), Employment Agreement (Neoforma Com Inc)
Key Person Life Insurance. The Company shall have the right but not and option to purchase, and to be named the obligation to maintain and pay for sole beneficiary of, a key person life insurance policy on the life of the Consultant throughout the duration of this Agreement, as Employee in an amount to which the Company shall be the sole beneficiary and owner. The Consultant agrees agreed upon the execution of this Agreement to cooperate fully with between the Company and to provide the Company with all necessary documents in order for the Company to obtain such policyEmployee.
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