Ownership of Policy. The Policy is the exclusive property of the Employee, who may exercise all rights of ownership with respect to his interest therein, subject to the security interest of the Employer as expressed in this Agreement and the Collateral Assignment and to any death benefit which may become due to the Employer.
Appears in 9 contracts
Samples: Split Dollar Agreement (Dm Management Co /De/), Split Dollar Agreement (Dm Management Co /De/), Split Dollar Agreement (Dm Management Co /De/)
Ownership of Policy. The Policy is the exclusive property of the Employee, who may exercise all rights of ownership with respect to his interest therein, subject to the rights and security interest of the Employer as expressed in this Agreement and the Collateral Assignment and to any death benefit which may become due to the Employer.
Appears in 5 contracts
Samples: Split Dollar Agreement (J Jill Group Inc), Split Dollar Agreement (J Jill Group Inc), Split Dollar Agreement (J Jill Group Inc)
Ownership of Policy. 1.1 The Policy is the exclusive property of the Employee, who may exercise all rights of ownership with respect to his interest therein, subject to the security interest of the Employer Trust as expressed in this Agreement and or in the Collateral Assignment of the Policy to the Trust and to any death benefit which may become due to the EmployerTrust.
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