Company’s Interest. The Company shall be the sole and exclusive owner of each Policy and the direct beneficiary of an amount of the death proceeds of each Policy equal to the aggregate premiums paid by the Company under the Policy.
Appears in 3 contracts
Sources: Endorsement Split Dollar Agreement (Avalonbay Communities Inc), Endorsement Split Dollar Life Insurance Agreement (Avalonbay Communities Inc), Endorsement Split Dollar Agreement (Avalonbay Communities Inc)