Common use of Transfers by the Employer Clause in Contracts

Transfers by the Employer. Except as otherwise provided in this Agreement, the Employer shall not sell, assign, transfer, or borrow against any portion of its interest in the Policy without the express written consent of the Trustee, which consent may be withheld in the Trustee's sole and absolute discretion.

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)

AutoNDA by SimpleDocs

Transfers by the Employer. Except as otherwise provided in this Agreement, the Employer shall not sell, assign, transfer, or borrow against any portion of its interest in the Policy without the express written consent of the TrusteeOwner, which consent may be withheld in the Trustee's Owner’s sole and absolute discretion.

Appears in 1 contract

Samples: Split Dollar Agreement (M I Homes Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!