Common use of SURRENDER OR CANCELLATION OF THE POLICY Clause in Contracts

SURRENDER OR CANCELLATION OF THE POLICY. If the Policy is surrendered or canceled for any reason (other than the death of the Employee), any net proceeds resulting from such surrender or cancellation (after reduction by all applicable surrender or cancellation charges) shall be distributed as follows --

Appears in 3 contracts

Samples: Collateral Assignment Split Dollar Agreement (M I Schottenstein Homes Inc), Collateral Assignment Split Dollar Agreement (M I Schottenstein Homes Inc), Collateral Assignment Split Dollar Agreement (M I Schottenstein Homes Inc)

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SURRENDER OR CANCELLATION OF THE POLICY. If the Policy is surrendered or for canceled for any reason (other than the death of the Employee), any net proceeds resulting from such surrender or cancellation (after reduction by all applicable surrender or cancellation charges) shall be distributed as follows ---

Appears in 1 contract

Samples: Split Dollar Agreement (M I Homes Inc)

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