Life Insurance Benefits Agreement Sample Contracts
ContractLife Insurance Benefits Agreement • May 24th, 2019
Standard Contracts
LIFE INSURANCE BENEFITS PROVIDED BY THE COMPANY TO NIELS W. JOHNSEN AND ERIK F. JOHNSEN International Shipholding Corporation (the "Company") has agreements with Erik F. Johnsen, Chairman of the Board of Directors and Chief Executive Officer, and...Life Insurance Benefits Agreement • March 9th, 2005 • International Shipholding Corp • Deep sea foreign transportation of freight
International Shipholding Corporation (the "Company") has agreements with Erik F. Johnsen, Chairman of the Board of Directors and Chief Executive Officer, and Niels W. Johnsen, a Director and former Chairman, whereby their estates will be paid approximately $822,000 and $626,000, respectively upon death. The Company maintains an insurance policy and has established reserves sufficient to cover these benefits.