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, including, but not limited to, the right to elect and to change the Death Benefit Option, the Face Amount of Insurance, and the investment options of the Policies, except as may otherwise be provided herein.
Appears in 2 contracts
Samples: Split Dollar Agreement (Mens Wearhouse Inc), Split Dollar Agreement (Mens Wearhouse Inc)
Ownership of Policies. The Owner shall be the sole and absolute Owner owner of the Policies, and may exercise all Ownership ownership rights granted to the Owner owner thereof by the terms of the Policies, including, but not limited to, the right to elect and to change the Death Benefit Option, the Face Amount of Insurance, and the investment options of the Policies, except as may otherwise be provided herein.
Appears in 1 contract
Ownership of Policies. The Owner Employee shall be the sole and absolute Owner owner of the Policies, and may exercise all Ownership ownership rights granted to the Owner owner thereof by the terms of the Policies, including, but not limited to, the right to elect and to change the Death Benefit Optiondeath benefit option, the Face Amount face amount of Insuranceinsurance, and the investment options of the Policies, except as may otherwise be provided herein.
Appears in 1 contract
