Life Insurance Benefits. During the term of this Agreement, the Company shall maintain a term life insurance policy on Executive’s life in an amount equal to two (2) times Executive’s Base Salary up to a maximum of Five Hundred Thousand and 00/100 Dollars ($500,000.00), in accordance with and subject to the terms of the Company’s life insurance policy. In addition, the Company shall maintain a supplemental term life insurance policy on Executive’s life in an amount equal to One Million and 00/100 Dollars ($1,000,000.00). In each case, Executive may designate the beneficiary of such policy.
Appears in 5 contracts
Samples: Executive Employment Agreement (Advanced Disposal Services, Inc.), Executive Employment Agreement (Advanced Disposal Services, Inc.), Executive Employment Agreement (Advanced Disposal Services, Inc.)
Life Insurance Benefits. During the term of this Agreement, the Company shall maintain a term life insurance policy on Executive’s life in an amount equal to two (2) times Executive’s Base Salary up to a maximum of Five Hundred Thousand and 00/100 Dollars ($500,000.00), in accordance with and subject to the terms of the Company’s life insurance policy. In addition, the Company shall maintain a supplemental term life insurance policy on Executive’s life in an amount equal to One Million and 00/100 Dollars ($1,000,000.00). In each case, Executive may designate the beneficiary of such policy.
Appears in 1 contract
Samples: Executive Employment Agreement (Trestle Transport, Inc.)
