Common use of Policy Dividends Clause in Contracts

Policy Dividends. Any dividend declared on the Policy shall be applied to purchase paid-up additional insurance on the life of the Employee. The parties hereto agree that the dividend election provisions of the Policy shall conform to the provisions hereof.

Appears in 7 contracts

Samples: Split Dollar Agreement (American Software Inc), Split Dollar Agreement (Conseco Inc), Split Dollar Agreement (American Software Inc)

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Policy Dividends. Any dividend declared on the Policy shall be applied to purchase paid-up additional insurance on the life of the EmployeeInsured. The parties hereto agree that the dividend election provisions of the Policy shall conform to the provisions hereofof this Section 7.

Appears in 1 contract

Samples: Executive Life Insurance Plan (Mobil Corp)

Policy Dividends. Any dividend declared on the either Policy shall be applied to purchase paid-up additional insurance on the life lives of the EmployeeInsureds. The parties hereto agree that the dividend election provisions of the Policy Policies shall conform to the provisions hereof.

Appears in 1 contract

Samples: Split Dollar Agreement (Sherwin Williams Co)

Policy Dividends. Any dividend declared on the Policy shall be applied to purchase paid-up additional insurance on the life of the Employee. The parties hereto agree that the dividend election provisions provision of the Policy shall conform to the provisions hereof.

Appears in 1 contract

Samples: Split Dollar Agreement (Saturn Electronics & Engineering Inc)

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Policy Dividends. Any dividend dividends declared on the Policy shall be applied to purchase paid-up additional insurance on the life of the EmployeeAssociate. The parties hereto agree that the dividend election provisions of the Policy shall conform to the provisions hereof.

Appears in 1 contract

Samples: Split Dollar Agreement (TFS Financial CORP)

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