KEYMAN INSURANCE definition

KEYMAN INSURANCE means keyman life assurance policies (in form and content reasonably satisfactory to the Facility Agent and with such insurer as the Facility Agent may reasonably approve) maintained by the Parent Guarantor in respect of the death or disability of the following members of the Management and in not less than the following respective amounts: NAME US$ Xxx Xxxxxxxxx 500,000 Xxxxxxx Xxxxxxxx 250,000 Xxxxx Xxxxxx 250,000 Xxxxx Xxxxx 250,000 Xxxxxxx Xxxxxxx 250,000
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KEYMAN INSURANCE means the keyman life assurance policies to be maintained by the Parent in respect of the death, critical illness or disability of the persons specified in Schedule 15;
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KEYMAN INSURANCE means the life and critical illness insurance policies for the Company’s benefit on the lives of Xxxxxxx XxXxxxx, Xxx Xxxxxxx and Xxxx Xxxxx;
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Examples of KEYMAN INSURANCE in a sentence

  • KEY-MAN INSURANCE As soon as reasonably possible after the Closing, the Company shall procure a key-man life insurance policy for its CEO in the amount of $*****, naming the Company as beneficiary.

  • KEYMAN INSURANCE It is hereby agreed that subsequent to the execution of this Agreement the parties will acquire Keyman Insurance on Xxxxxx in a sum not less than $2,000,000 payable to the Corporation.


More Definitions of KEYMAN INSURANCE

KEYMAN INSURANCE means a keyman life assurance policy (in form and content satisfactory to the Bank and with such insurer as the Bank has approved) maintained or to be maintained by the Borrower in respect of the death and disability of Xxxxxxx Xxxxxxx or his successor, in the amount of L300,000 and for a period of 4 years:
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Related to KEYMAN INSURANCE

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Dental Insurance The District shall contribute $360.00 annually toward the cost of dental insurance whether for single or family coverage for full-status employees who qualify for and enroll in the plan. The cost of the premium not contributed by the District for family coverage shall be borne by the employee through payroll deduction.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Excess Insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Company Insurance Policies has the meaning set forth in Section 4.15.