Common use of Release of Assignment Clause in Contracts

Release of Assignment. Upon payment to the Assignee of its policy interest, the Assignee shall execute a written release of this assignment.

Appears in 5 contracts

Samples: Deferred Compensation Waiver and Insurance Benefit Agreement (Snap on Inc), Deferred Compensation Waiver and Insurance Benefit Agreement (Snap on Inc), Split Dollar Insurance Agreement (Snap on Inc)

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Release of Assignment. Upon payment to the Assignee of its policy interestPolicy Interest, the Assignee shall execute executive a written release of this assignmentAssignment.

Appears in 4 contracts

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

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Release of Assignment. Upon payment by the Owner to the Assignee of its policy interestthe Policy Interest pursuant to the terms of the Split Dollar Plan, the Assignee shall execute a written release of this assignmentAssignment and deliver the Policy to the Owner.

Appears in 1 contract

Samples: Split Dollar Life Insurance Agreement (Wachovia Corp New)

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