COLI Policy definition

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.

Related to COLI Policy

  • Policy means Related Party Transaction Policy.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Reimbursement insurance policy means a policy of insurance

  • Insurance Policies has the meaning set forth in Section 3.16.