Split Dollar Life Insurance Program definition

Split Dollar Life Insurance Program the Monsanto Executive Life Insurance Program, including all individual life insurance contracts, split dollar agreements and collateral assignments thereunder.
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Split Dollar Life Insurance Program means a program under which the Company assists the owner of an insurance policy - on the life of Executive - in the payment of premiums for the policy, as evidenced by a split dollar life insurance agreement between the owner and the Company.
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Split Dollar Life Insurance Program means the TXU Split-Dollar Life Insurance Program, as amended from time to time, or any successor plan.
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Examples of Split Dollar Life Insurance Program in a sentence

  • If the Executive is a participant under the Company's Executive Split Dollar Life Insurance Program at the time of a Change of Control and the Company has paid any portion of the premium on the policy or policies issued in connection therewith during the twelve months preceding the occurrence of the Change of Control, then the Company shall continue to pay all premiums on such policies so long as the Executive remains in the employ of the Company.

  • As a result of the grant-funded equipment and training updates, weekly PCC traffic increased by at least 25 percent and TFA was able to provide more than 32 new full-time equivalent jobs.

  • Olin and Arch shall take all actions necessary or appropriate to --------- assign to Arch, effective as of the Distribution Date, all of the rights and interests of the Pre-Distribution Group in the split dollar life insurance policies insuring the lives of Arch Participants pursuant to the Split Dollar Life Insurance Program (such policies, the "Assigned Split Dollar Policies").

  • If the Executive is a participant under the Company’s Executive Split Dollar Life Insurance Program at the time of a Change of Control and the Company has paid any portion of the premium on the policy or policies issued in connection therewith during the twelve months preceding the occurrence of the Change of Control, then the Company shall continue to pay all premiums on such policies so long as the Executive remains in the employ of the Company.

  • Additionally, you will be eligible for our Executive Split Dollar Life Insurance Program which provides for coverage at three (3) times annual salary during employment and two (2) times annual salary post-retirement.

  • The purpose of the Anthem Split Dollar Life Insurance Program (the "Split Dollar Program") is to provide life insurance coverage for certain key management employees of Anthem Insurance Companies, Inc.

  • Such an argument from common culture seems hard to defend, unless it can be presented as a way of dividing responsibilities between states.

  • Signature_________________DateThird Federal Savings & Loan Association’s Supplemental Executive Split Dollar Life Insurance Program Benefit Acknowledgement I, , hereby acknowledge the following benefit: Third Federal Savings Loan & Association (“Association”) has granted you a supplemental life insurance benefit in the amount of .

  • From and after the date of the assignment of any Assigned Split Dollar Policy to AgCo, AgCo shall assume and be solely responsible for all Liabilities, and shall be entitled to all benefits, of the Monsanto Group to the applicable AgCo Participant under the Split Dollar Life Insurance Program, including under such policies and any related agreements entered into by such AgCo Participant or any such trustee.

  • Effective November 1, 1998 EXHIBIT B --------- ADDITIONAL INFORMATION ---------------------- The Anthem Split Dollar Life Insurance Program is part of the Anthem Flexible Benefit Plan.


More Definitions of Split Dollar Life Insurance Program

Split Dollar Life Insurance Program the Monsanto Company Executive Life Insurance Program, including all individual life insurance contracts, split dollar agreements and collateral assignments thereunder.
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Related to Split Dollar Life Insurance Program

  • 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.

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Retiree Health Plan means an "employee welfare benefit plan" within the meaning of Section 3(1) of ERISA that provides benefits to individuals after termination of their employment, other than as required by Section 601 of ERISA.

  • DEPP means the Authority’s Decision Procedure and Penalties Manual;

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • life policy means a contract in terms of which a person, in return for a premium, undertakes to -