Common use of Policy Ownership Clause in Contracts

Policy Ownership. 3.1 The Employee shall own the Policy and may exercise all rights of ownership with respect to it, subject only to the security interest of the Corporation as expressed in this Agreement and the collateral assignment of the Policy to the Corporation.

Appears in 3 contracts

Samples: Split Dollar Agreement (Omnicare Inc), Split Dollar Agreement (Chemed Corp), Split Dollar Agreement (Chemed Corp)

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Policy Ownership. 3.1 The Employee shall own the Policy and may exercise all rights of ownership with respect to 2 it, subject only to the security interest of the Corporation as expressed in this Agreement and the collateral assignment of the Policy to the Corporation.

Appears in 2 contracts

Samples: Split Dollar Agreement (Chemed Corp), Split Dollar Agreement (Roto Rooter Inc)

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