Release of Collateral Assignment. Upon receipt of the Employer's Interest in the Policy, as provided above, either whether from the Policy, or from the Owner, the Employer will release the Collateral Assignment. Upon satisfaction of the Employer's Interest in the Policy, the Owner shall have unrestricted ownership to the Policy, subject to the terms of the Exercise Agreement.
Appears in 7 contracts
Samples: Stock Option Exercise Agreement (American Capital Strategies LTD), Stock Option Exercise Agreement (American Capital Strategies LTD), Stock Option Exercise Agreement (American Capital Strategies LTD)
Release of Collateral Assignment. Upon receipt of the Employer's ’s Interest in the Policy, as provided above, either whether from the Policy, or from the Owner, the Employer will release the Collateral Assignment. Upon satisfaction of the Employer's ’s Interest in the Policy, the Owner shall have unrestricted ownership to the Policy, subject to the terms of the Exercise Agreement.
Appears in 1 contract
Samples: Split Dollar Agreement (American Capital Strategies LTD)
