Common use of Ownership of Policies Clause in Contracts

Ownership of Policies. a. The Owner shall be owner of the Policies and may exercise all ownership rights granted to the owner thereof by the terms of the Policies, subject in the case of each Policy to the Collateral Assignment relating to that Policy and to the rights of the Corporation under this Agreement.

Appears in 2 contracts

Samples: Split Dollar Insurance Agreement (TJX Companies Inc /De/), Split Dollar Insurance Agreement (TJX Companies Inc /De/)

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Ownership of Policies. a. A. The Owner Employee shall be the sole and absolute owner of the Policies Policies, and may exercise all ownership rights granted to the owner thereof by the terms of the Policies, subject in except as may be provided herein. B. It is the case of each Policy to the Collateral Assignment relating to that Policy and to the rights intention of the Corporation under this Agreement.parties that the Employee shall retain all rights which the Policies grant to

Appears in 1 contract

Samples: Split Dollar Agreement (Ekco Group Inc /De/)

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Ownership of Policies. a. The Owner shall be the sole and absolute owner of the Policies Policies, and may exercise all ownership rights granted to the owner thereof by the terms of the Policies, subject in the case of each Policy to the Collateral Assignment relating to that Policy and to the rights of the Corporation under this Agreementexcept as may otherwise be provided herein.

Appears in 1 contract

Samples: Split Dollar Agreement (Sherwin Williams Co)

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