Application for Policy Sample Clauses
Application for Policy. The Policy Owner has applied to the Insurance Company for the Policy, and with the assistance of the Company, will take all reasonable steps to cause the Policy to be issued. When the Policy is issued, the policy number, effective date, face amount and plan of insurance shall be recorded on Schedule One to be attached hereto, and the Policy shall become subject to the terms of this Agreement.
Application for Policy. The Participant has applied to the Insurer for the Policy and the Participant with the assistance of the Company will take all reasonable and necessary steps to cause the Policy to be issued. The Policy shall provide the Participant a death benefit equal to the amount determined in the sole discretion of the Plan Administrator or the Company's Chief Executive Officer. Such death benefit shall be listed on Exhibit A as the "Participant Death Benefit." The Policy shall at all times be subject to the terms of this Agreement and the Plan.