Limitation on Policy Disposition. During the period that the collateral assignment of the Policy is in effect, the Owner shall not borrow from, pledge, transfer or assign the Policy and shall not sell, surrender or cancel the Policy, change the beneficiary designation provision or terminate the dividend election without the express written consent of the Company, which consent shall not be unreasonably withheld.
Appears in 5 contracts
Samples: Split Dollar Insurance Agreement (Pma Capital Corp), Employment Agreement (Pma Capital Corp), Split Dollar Insurance Agreement (Pma Capital Corp)
Limitation on Policy Disposition. During the period that the a collateral assignment of the a Policy is in effect, the Owner shall not borrow from, pledge, transfer or assign the Policy and shall not sell, surrender or cancel the Policy, change the beneficiary designation provision or thereof, nor terminate the dividend election thereof without the express written consent of the CompanyCorporation, which consent shall not be unreasonably withheld.
Appears in 1 contract
Samples: Compensation and Deferred Compensation Agreement (Comcast Corp)
Limitation on Policy Disposition. During the period that the a collateral assignment of the a Policy is in effect, the Owner shall not borrow from, pledge, transfer or assign the Policy and shall not sell, surrender or cancel the Policy, change the beneficiary designation provision or terminate the dividend election without the express written consent of the CompanyCorporation, which consent shall not be unreasonably withheld.
Appears in 1 contract
Samples: Compensation and Deferred Compensation Agreement (Comcast Corp)
