Common use of Application for Insurance Clause in Contracts

Application for Insurance. The Company at its option has the right to obtain a "key-man" life insurance policy, at the Company's expense, with the Company being the sole beneficiary of such policy. Employee hereby agrees to undergo the necessary physical examinations and disclose any pertinent disclaimers and information to obtain said policy.

Appears in 2 contracts

Samples: Employment and Consulting Agreement (Innovative Coatings Corp), Employment and Consulting Agreement (Innovative Coatings Corp)

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Application for Insurance. The Company at its option has the right to obtain a "key-man" life insurance policy, at the Company's expense, with the Company being the sole beneficiary of such policy. Employee Bean hereby agrees to undergo the necessary physical examinations and disclose any pertinent disclaimers and information to obtain said policy.

Appears in 1 contract

Samples: Employment and Consulting Agreement (Innovative Coatings Corp)

Application for Insurance. The Company at its option has the right to obtain a "key-man" life insurance policy, at the Company's expense, with the Company being the sole beneficiary of such policy. Employee Bxxxx hereby agrees to undergo the necessary physical examinations and disclose any pertinent disclaimers and information to obtain said policy.

Appears in 1 contract

Samples: Employment and Consulting Agreement (Innovative Coatings Corp)

Application for Insurance. The Company at its option has the right to obtain a "key-man" life insurance policy, at the Company's expense, with the Company being the sole beneficiary of such policy. Employee hereby Dr. Xxxxxxx xxxeby agrees to undergo the necessary physical examinations and disclose any pertinent disclaimers and information to obtain said policy.. The Company shall also

Appears in 1 contract

Samples: Employment Agreement (Entremed Inc)

Application for Insurance. The Company at its option has the right to obtain a "key-man" life insurance policy, at the Company's expense, with the Company being the sole beneficiary of such policy. Employee Executive hereby agrees to undergo the necessary physical examinations and disclose any pertinent disclaimers and information to obtain said policy. The Company shall also be required to provide an option for split-dollar insurance for the benefit of Executive's beneficiaries at the Company's expense.

Appears in 1 contract

Samples: Executive Employment Agreement (MDNA Life Sciences, Inc.)

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Application for Insurance. The Company at its option has the right to obtain a "key-man" life insurance policy, at the Company's expense, with the Company being the sole beneficiary of such policy. Employee Pxxxxxxx hereby agrees to undergo the necessary physical examinations and disclose any pertinent disclaimers and information to obtain said policy.

Appears in 1 contract

Samples: Employment and Consulting Agreement (Innovative Coatings Corp)

Application for Insurance. The Company at its option has the right to obtain a "key-man" life insurance policy, at the Company's expense, with the Company being the sole beneficiary of such policy. Employee Sxxxxx hereby agrees to undergo the necessary physical examinations and disclose any pertinent disclaimers and information to obtain said policy.

Appears in 1 contract

Samples: Employment and Consulting Agreement (Innovative Coatings Corp)

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