Common use of Ownership of Policies Clause in Contracts

Ownership of Policies. The Owner shall be the sole and absolute owner of the Policies, and may exercise all ownership rights granted to the owner thereof by the terms of the Policies.

Appears in 2 contracts

Samples: Termination of Split Dollar Agreement (Enzo Biochem Inc), Termination of Split Dollar Agreement (Enzo Biochem Inc)

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Ownership of Policies. The Owner Company shall be the sole and absolute owner of both of the Policies, and may exercise all ownership rights granted to the owner thereof by the terms of each of the Policies, except as may otherwise be provided herein.

Appears in 2 contracts

Samples: Split Dollar Agreement (Bloomin' Brands, Inc.), Split Dollar Agreement (Osi Restaurant Partners, LLC)

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Ownership of Policies. The Owner Corporation shall be the sole and absolute owner of the Policies, and may exercise all ownership rights granted to the owner thereof by the terms of the Policies, except as may otherwise be provided herein.

Appears in 1 contract

Samples: Split Dollar Insurance Agreement (Eastern Virginia Bankshares Inc)

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