Common use of Ownership of Policy Clause in Contracts

Ownership of Policy. The 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.

Ownership of Policy. The Employee shall be is the sole and absolute owner of the Policy, . The Employee shall have and may exercise all ownership rights granted to the owner thereof of the Policy by its terms, including without limitation the terms right to designate the Policy beneficiary and the right to elect and change both the Selected Face Amount and the investment options of the Policy, except as may otherwise be provided herein.

Ownership of Policy. The 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, including, but not limited to, the right to elect and to change the Death Benefit Option of the Policy, except as may otherwise be provided herein.

Ownership of Policy. The 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.

Ownership of Policy. The 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, subject to the Corporation's interest in the Policy and except as may otherwise be provided herein.