Common use of Life Insurance Clause in Contracts

Life Insurance. If the Employer chooses to obtain insurance on the life of the Executive in connection with its obligations under this Agreement, the Executive hereby agrees to take such physical examinations and to truthfully and completely supply such information as may be required by the Employer or the insurance company designated by the Employer.

Appears in 92 contracts

Samples: Salary Continuation Agreement (Orrstown Financial Services Inc), Supplemental Executive Retirement Agreement (Farmers & Merchants Bancshares, Inc.), Deferred Compensation Agreement (Orrstown Financial Services Inc)

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Life Insurance. If the Employer chooses to obtain insurance on the life of the Executive in connection with its obligations under this Agreement, the Executive hereby agrees to take such physical examinations and to truthfully and completely supply such information as may be required by the Employer or the insurance company designated by the Employer.

Appears in 3 contracts

Samples: Supplemental Retirement Benefit Agreement, Supplemental Retirement Benefit Agreement (Midland States Bancorp, Inc.), Supplemental Retirement Benefit Agreement (Midland States Bancorp, Inc.)

Life Insurance. If the Employer Company chooses to obtain insurance on the life of the Executive in connection with its obligations under this Agreement, the Executive hereby agrees to take such physical examinations and to truthfully and completely supply such information as may be required by the Employer Company or the insurance company designated by the EmployerCompany.

Appears in 1 contract

Samples: Retirement Agreement (MUNCY COLUMBIA FINANCIAL Corp)

Life Insurance. If the Employer chooses to obtain insurance on the life of the Executive in connection with its obligations under this Agreement, the Executive hereby agrees to take such physical examinations and to truthfully and completely supply such information as may be required by the Employer or the insurance company designated by the Employer. No benefit shall be distributed hereunder if an insurance company which issued a life insurance policy covering the Executive and owned by the Employer denies coverage (i) for material misstatements of fact made by the Executive on an application for life insurance, or (ii) for any other reason.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Riverview Financial Corp)

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Life Insurance. If the Employer chooses to obtain insurance on the life of the Executive in connection with its obligations under this Agreement, the Executive hereby agrees to take such physical examinations and to truthfully and completely supply such information as may be required by the Employer or the insurance company designated by the Employer. No benefit shall be distributed hereunder if an insurance company which issued a life Insurance policy covering the Executive and owned by the Employer denies coverage (i) for material misstatements of fact made by the Executive on an application for life insurance, or (ii) for any other reason.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Riverview Financial Corp)

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