Common use of Policy Dividends Clause in Contracts

Policy Dividends. Policy dividends shall be applied to purchase additional paid-up insurance protection.

Appears in 3 contracts

Sources: Split Dollar Agreement (Community Capital Corp /Sc/), Split Dollar Agreement (Community Capital Corp /Sc/), Split Dollar Agreement (Community Capital Corp /Sc/)

Policy Dividends. Policy dividends shall be applied to purchase additional paid-up additional insurance protection.

Appears in 3 contracts

Sources: Split Dollar Insurance Agreement (Umpqua Holdings Corp), Split Dollar Insurance Agreement (Lithia Motors Inc), Split Dollar Insurance Agreement (Source Interlink Companies Inc)

Policy Dividends. Policy dividends dividends, if any, shall be applied to purchase additional paid-up additional insurance protection.

Appears in 2 contracts

Sources: Split Dollar Insurance Agreement (Bank of the Ozarks Inc), Split Dollar Insurance Agreement (Bank of the Ozarks Inc)