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

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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 "New England Financial" Northwestern National 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: South Carolina Split Dollar Agreement (First South Bancorp 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 "New England Financial" 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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