Purchase of Policy. The Company has purchased the Policy from the Issuer in the total face amount of $500,000. The parties hereto have taken all necessary action to cause the Insurer to issue the Policy, and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the endorsement to the Policy filed with the Insurer.
Purchase of Policy. The Owner will, contemporaneously with the execution hereof, purchase the Policy from the Insurer in the total face amount of $5,000,000. The parties hereto agree that they will take all necessary action to cause the Insurer to issue the Policy and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the collateral assignment filed with the Insurer relating to the Policy.
Purchase of Policy. Employer has purchased the following policies (“Policy”) on the life of Director which shall be subject to the terms and conditions of this Agreement: NYLIC 56612277 PL VP62816810
Purchase of Policy. 2.1 The parties hereto have taken or will take all necessary action to cause the Insurer to issue the Policy, and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the endorsements to the Policy filed with the Insurer.
Purchase of Policy. The Company has purchased the Policy from the Insurer in the total face amount of $5,236,268 (as of January 31, 2008) and Increasing Death Benefit Option (as such term is defined in the Policy). The parties hereto have taken all necessary action to cause the Insurer to issue the Policy, and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the endorsement to the Policy or beneficiary designation filed with the Insurer in accordance herewith.
Purchase of Policy. The Owner has applied to the Insurance Company for the Policy, and with the assistance of the Corporation, will take all reasonable steps to cause the Policy to be issued. When the Policy is issued, the insurance company, policy number, effective date, face amount and plan of insurance shall be recorded on Schedule A attached hereto, and the Policy shall become subject to the terms of this Agreement. The Owner owns or will own the Policy issued by the insurers described on Schedule "A" attached hereto (collectively, the "Insurer"). The parties hereto have taken or will take all action that may be necessary to cause the Policy to conform to the provisions of this Agreement.
Purchase of Policy. The Employee will contemporaneously purchase the Policy from the Insurer; such policy to provide a death benefit to the Employee equal to three times the Employee's base salary (as in effect on the Effective Date and as subsequently adjusted). Both parties hereto agree that they will take all necessary action to cause the Insurer to issue the Policy and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement. Both parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the collateral assignment filed with the Insurer relating to the Policy.
Purchase of Policy. The Employee has purchased the Policy from the Insurer in the total face amount as set forth on Exhibit A. The parties hereto have taken all necessary action to cause the Insurer to issue the Policy, and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the Collateral Assignment in the form attached hereto as Exhibit B (the "Collateral Assignment") relating to the Policy.
Purchase of Policy. The Corporation has purchased the Policy from the Insurer in the total face amount of $7,500,000 and level Death Benefit Option. The parties hereto have taken all necessary action to cause the Insurer to issue the Policy, and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the endorsement to the Policy or beneficiary designation filed with the Insurer.
Purchase of Policy. The Owner agrees that it shall apply to The Travelers Insurance Company (together, the “Insurer”) for a policy of insurance having the terms set forth in the attached Schedule (the “Policy”). The Insured agrees to provide any and all information requested by the Insurer in order for the Insurer to underwrite the Policy, including but not limited to a medical examination and completion of forms as requested by the Insurer.
