Ownership of Policy. The Company shall be the sole and absolute owner of the Policy, and may exercise all ownership rights granted to the owner thereof by the terms of the Policy, except as may otherwise be provided herein.
Appears in 10 contracts
Samples: Split Dollar Agreement (Bloomin' Brands, Inc.), Split Dollar Agreement (Bloomin' Brands, Inc.), Split Dollar Agreement (Bloomin' Brands, Inc.)
Ownership of Policy. The Company Employee shall be the sole and absolute owner of the Policy, and may exercise all ownership rights granted to the owner thereof by the terms of the Policy, except as may otherwise be provided herein.
Appears in 2 contracts
Samples: Split Dollar Agreement (Hilb Rogal & Hamilton Co /Va/), Split Dollar Agreement (West Pointe Bancorp Inc)
Ownership of Policy. The Company Employee shall be the sole and absolute owner of the Policy, and may exercise all ownership rights granted pursuant to the owner thereof by the terms of the Policy, except as may otherwise be provided herein. The Corporation shall not borrow against the Policy.
Appears in 2 contracts
Samples: Split Dollar Agreement (Bobby Allison Wireless Corp), Split Dollar Agreement (Bobby Allison Wireless Corp)
Ownership of Policy. The Company Owner shall be the sole sole, exclusive and absolute owner of the Policy, and may exercise all ownership rights granted to the owner thereof by the terms of the Policy, except as otherwise provided in this Agreement. This shall include, but not be limited to, the right to designate beneficiaries, select settlement and dividend options, borrow on the security of the Policy, and to surrender the Policy. All such rights may otherwise be provided hereinexercised by the Owner without the Corporation's consent.
Appears in 1 contract
Ownership of Policy. The Company shall be the sole and absolute owner of the Policy, and may exercise all ownership rights granted to the owner thereof by the terms of the Policy, except as may otherwise be provided herein.
Appears in 1 contract
Samples: Split Dollar Insurance Agreement (Huttig Building Products Inc)
Ownership of Policy. The Company Corporation shall be the sole and absolute owner of the Policy, and may exercise all ownership rights granted to the owner thereof by the terms of the Policy, except as may otherwise be provided hereinin this Agreement.
Appears in 1 contract
Samples: Split Dollar Life Insurance Agreement (Occidental Petroleum Corp /De/)
