COLI Policy means a corporate owned life insurance policy held by the Borrower with respect to certain of its employees.
COLI Policy means a corporate-owned life insurance policy held by the Company with respect to certain of its employees.
COLI Policy means a corporate-owned life insurance policy held by the Company with respect to certain of its employees. “Commitment” means, with respect to each Lender, the commitment of such Lender to make Revolving Loans and to acquire
Examples of COLI Policy in a sentence
Variable COLI Policy (VCOLI) Maximum commission of 14% of Target Premium in Policy years 1-10; 3% of Target Premium in Policy years 11 and thereafter; and 2% of any excess premium paid.
More Definitions of COLI Policy
COLI Policy means a corporate owned life insurance policy held by the Company with respect to certain of its employees.
COLI Policy means any life insurance policy issued by any Insurance Company under which directors, officers or employees (or former directors, officers or employees) of a bank, corporation or other corporate entity are the insureds and such bank, corporation, trust or other corporate entity (for the express purpose of procuring such policies) is the policy owner or a beneficiary of such policy and where such employer procures such policies in a broad-based program with respect to its employees.