Common use of Employer’s Interest Clause in Contracts

Employer’s Interest. As used in this Agreement, (i) the "Employer's Gross Interest" in the Policy shall mean the aggregate amount of all premiums paid by the Employer with respect to the Policy minus the aggregate amount of all reimbursements of

Employer’s Interest. As used in this the Agreement, (i) the "“Employer's ’s Gross Interest" ” in the Policy shall mean the aggregate amount of all premiums paid by the Employer with respect to the Policy minus the aggregate amount of all reimbursements ofof such premium payments by the Owner, and (ii) the “Employer’s Net Interest” in the Policy shall mean shall mean the Employer’s Gross Interest minus the outstanding balance (if any) of all Policy loans made to the Employer (including all accrued and unpaid interest thereon).