Common use of Life and Other Insurance Clause in Contracts

Life and Other Insurance. Subject to Employee meeting applicable underwriting criteria, Employer will provide $1 million of guaranteed level premium term life insurance for a policy which covers Employee for at least 15 years after the date hereof (naming Employee or Employee's written designee as the beneficiary of the policy, with Employer having no right to revoke or alter the designation) and such other types of insurance for Employee as shall be agreed upon between Employee and Employer from time to time. Employer shall only be responsible for the payment of insurance premiums during the term of this Agreement. Employer shall use its best efforts to insure that life insurance policy is "portable" so that Employee can continue the policy after the end of Employee's employment with Employer at Employee's own expense.

Life and Other Insurance. Subject to Employee meeting applicable underwriting criteria, Employer will provide $1 2 million of guaranteed level premium term life insurance for a policy which covers Employee for at least 15 years after the date hereof (naming Employee or Employee's written designee as the beneficiary of the policy, with Employer having no right to revoke or alter the designation) and such other types of insurance for Employee as shall be agreed upon between Employee and Employer from time to time. Employer shall only be responsible for the payment of insurance premiums during the term of this Agreement. Employer shall use its best efforts to insure ensure that life insurance policy is "portable" so that Employee can continue the policy after the end of Employee's employment with Employer at Employee's own expense.

Life and Other Insurance. Subject to Employee meeting applicable underwriting criteria, Employer will provide $1 million 1,000,000 of guaranteed level premium term life insurance for a policy which covers Employee for at least 15 years after the date hereof (naming Employee or Employee's written designee as the beneficiary of the policy, with Employer having no right to revoke or alter the designation) and such other types of insurance for Employee as shall be agreed upon between Employee and Employer from time to time. Employer shall only be responsible for the payment of insurance premiums during the term of this Agreement. Employer shall use its best efforts to insure that life insurance policy is "portable" so that Employee can continue the policy after the end of Employee's employment with Employer at Employee's own expense.