Common use of Possession of Policy Clause in Contracts

Possession of Policy. The Corporation will keep possession of the Policy. The Corporation agrees from time to time to make the Policy available to the Employee or to the Insurer for the purpose of endorsing or filing any change of beneficiary on the Policy but the Policy will promptly be returned to the Corporation.

Appears in 4 contracts

Samples: Collateral Assignment Split Dollar Insurance Agreement (Advanced Lighting Technologies Inc), Collateral Assignment Split Dollar Insurance Agreement (Advanced Lighting Technologies Inc), Collateral Assignment Split Dollar Insurance Agreement (Advanced Lighting Technologies Inc)

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Possession of Policy. The Corporation will keep possession of the Policy. The Corporation agrees from time to time to make the Policy policy available to the Employee or to the Insurer "New England Financial" for the purpose of endorsing or filing any change of beneficiary on the Policy but the Policy will promptly be returned to the Corporation.

Appears in 3 contracts

Samples: Split Dollar Endorsement Agreement (Heartland Bancshares Inc /In/), Split Dollar Endorsement Agreement (Heartland Bancshares Inc /In/), Split Dollar Endorsement Agreement (Heartland Bancshares Inc /In/)

Possession of Policy. The Corporation will may keep possession of the Policy. The Corporation agrees Corporation, from time to time to time, may make the Policy available to the Employee Owner or to the Insurer for the purpose of endorsing or filing any change of beneficiary on the Policy but the Policy will be promptly be returned to the Corporation.

Appears in 2 contracts

Samples: Split Dollar Agreement (Technical Consumer Products Inc), Split Dollar Agreement (Technical Consumer Products Inc)

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Possession of Policy. The Corporation will keep possession of the Policy. The Corporation agrees from time to time to make the Policy available to the Employee or to the Insurer Metropolitan Life Insurance Company for the purpose of endorsing or filing any change of beneficiary on the Policy but the Policy will promptly be returned to the Corporation.

Appears in 1 contract

Samples: Split Dollar Agreement (First South Bancorp Inc)

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