Common use of Ownership Rights and Duties under the Policy Clause in Contracts

Ownership Rights and Duties under the Policy. (a) The Executive shall retain and may exercise all incidents and rights of ownership with respect to the Policy except as otherwise hereinafter provided. (b) The Corporation shall have the right to:

Appears in 5 contracts

Samples: Split Dollar Life Insurance Agreement (Miix Group Inc), Split Dollar Life Insurance Agreement (Miix Group Inc), Restricted Split Dollar Life Insurance Agreement (Miix Group Inc)

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Ownership Rights and Duties under the Policy. (a) The Executive Trustee shall retain and may exercise all incidents and rights of ownership with respect to the Policy except as otherwise hereinafter provided. (b) The Corporation shall have the right to:

Appears in 1 contract

Samples: Split Dollar Life Insurance Agreement (Harvard Industries Inc)

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