Other Insurance Policies. Upon any termination of Executive's employment, and upon reimbursement to the Company of all amounts paid by the Company in connection with such policies, Executive shall have the right to purchase or otherwise direct the disposition or assignment of any disability insurance policy on him held by the Company (excluding only group disability insurance policies) upon the payment of One Dollar ($1.00) as the total consideration for each such policy.
Appears in 4 contracts
Samples: Employment Agreement (Pacific International Enterprises Inc), Employment Agreement (Pacific International Enterprises Inc), Employment Agreement (Pacific International Enterprises Inc)
Other Insurance Policies. Upon any termination of Executive's employment, and upon reimbursement to of the Company of all amounts paid by the Company in connection with such policies, Executive shall have the right to purchase or otherwise direct the disposition or assignment of any disability insurance policy on him held by the Company (excluding only group disability insurance policies) upon the payment of One Dollar ($1.00) as the total consideration for each such policy.
Appears in 2 contracts
Samples: Employment Agreement (Aames Financial Corp/De), Employment Agreement (Aames Financial Corp/De)
Other Insurance Policies. Upon any termination of Executive's ------------------------ employment, and upon reimbursement to of the Company of all amounts paid by the Company in connection with such policies, Executive shall have the right to purchase or otherwise direct the disposition or assignment of any disability insurance policy on him held by the Company (excluding only group disability insurance policies) upon the payment of One Dollar ($1.00) as the total consideration for each such policy.
Appears in 2 contracts
Samples: Employment Agreement (Preferred Credit Corp), Employment Agreement (Preferred Credit Corp)
Other Insurance Policies. Upon any termination of Executive's employment, and upon reimbursement to of the Company or the Parent of all amounts paid by the Company or the Parent in connection with such policies, Executive shall have the right to purchase or otherwise direct the disposition or assignment of any disability insurance policy on him held by the Company or the Parent (excluding only group disability insurance policies) upon the payment of One Dollar ($1.00) as the total consideration for each such policy.
Appears in 1 contract
