Common use of Life Insurance Clause in Contracts

Life Insurance. For the term of this Agreement and any extensions thereof, the Employer shall at its expense procure and keep in effect term life insurance on the life of the Employee, payable to such beneficiaries as the Employee may from time to time designate, in an aggregate amount equal to three times the Employee’s Base Salary. Such policy shall be owned by the Employee or by any person or entity with an insurable interest in the life of the Employee.

Life Insurance. For the term of this Agreement and any extensions thereof, the Employer shall at its expense procure and keep in effect term life insurance on the life of the Employee, payable to such beneficiaries as the Employee may from time to time designate, in an aggregate amount equal to the lesser of (i) three times the Employee’s 's Base SalarySalary or (ii) $500,000. Such policy shall be owned by the Employee or by any person or entity with an insurable interest in the life of the Employee.

Life Insurance. For the term of this Agreement and any extensions thereof, the Employer shall at its expense procure and keep in effect term life insurance on the life of the Employee, payable to such beneficiaries as the Employee may from time to time designate, in an aggregate amount equal to three two (2) times the Employee’s Base Salary. Such policy shall be owned by the Employee or by any person or entity with an insurable interest in the life of the Employee.

Life Insurance. For the term of this Agreement and any extensions thereof, the Employer shall at its expense procure and keep in effect term life insurance on the life of the Employee, payable to such beneficiaries as the Employee may from time to time designate, in an aggregate amount equal to three (3) times the Employee’s Base Salary. Such policy shall be owned by the Employee or by any person or entity with an insurable interest in the life of the Employee.

Life Insurance. For the term of this Agreement and any extensions thereof, the Employer Company shall at its expense procure and keep in effect term life insurance on the life of the Employee, payable to such beneficiaries as the Employee may from time to time designate, in an the aggregate amount equal amount, net of any reimbursements to three the Company, of five times the Employee’s 's Base Salary. Such policy shall may be owned by the Employee or by any person or entity with an insurable interest in the life a member of the Employeehis immediate family.

Life Insurance. For the term of this Agreement and any extensions thereof, the Employer shall at its expense procure and keep in effect term life insurance on the life of the Employee, payable to such beneficiaries as the Employee may from time to time designate, in an aggregate amount equal to the lesser of (i) three times the Employee’s Base SalarySalary or (ii) $500,000. Such policy shall be owned by the Employee or by any person or entity with an insurable interest in the life of the Employee.

Life Insurance. For the term of this Agreement and any extensions thereof, the Employer shall at its expense procure and keep in effect term life insurance on the life of the Employee, payable to such beneficiaries as the Employee may from time to time designate, in an aggregate amount equal to three the lesser of (i) four times the Employee’s 's Base SalarySalary or (ii) a maximum amount of $500,000. Such policy shall be owned by the Employee or by any person or entity with an insurable interest in the life of the Employee.

Life Insurance. For the term of this Agreement and any extensions thereof, the Employer Company shall at its expense procure and keep in effect term life insurance on the life of the Employee, payable to such beneficiaries as the Employee may from time to time designate, in an the aggregate amount equal to three of two times the Employee’s 's Base Salary. Such policy shall be owned by the Employee or by any person or entity with an insurable interest in the life a member of the Employeehis immediate family.