Common use of Ownership of Insurance Clause in Contracts

Ownership of Insurance. The Employee shall be the owner of the Policy and the Employee may exercise all rights of ownership with respect to the policy except as otherwise provided in this Agreement.

Ownership of Insurance. The Employee shall be the owner of the Policy on the Employee's life acquired pursuant to the terms of this Agreement and the Employee he may exercise all the rights of ownership with respect to the policy Policy except as otherwise hereinafter provided. Notwithstanding the foregoing, the Employee may not assign any right of ownership with respect to the Policy to any other party, except as specifically provided in this AgreementArticle 7 hereof.

Ownership of Insurance. The Employee shall Employer will be the owner of the Policy and the Employee may exercise all the rights of ownership with respect to the policy Policy except as otherwise provided in this Agreementhereinafter provided.

Ownership of Insurance. The Employee shall be the sole owner of the Policy and the Employee may exercise all the rights of ownership with respect to the policy Policy, except as otherwise provided in this Agreementhereinafter provided.

Ownership of Insurance. The Employee shall be the owner of the Policy on the Employee's life acquired pursuant to the terms of this Agreement and the Employee he may exercise all the rights of ownership with respect to the policy Policy except as otherwise hereinafter provided. Notwithstanding the foregoing, the Employee may not assign any right of ownership with respect to the Policy to any other party, except as specifically provided in this AgreementArticle 8 hereof.