Common use of Executive Life Insurance Plan Clause in Contracts

Executive Life Insurance Plan. During the Post-Change of Control Employment Period, the Company shall continue to maintain the Xxxxxx Oceanics, Inc. Executive Life Insurance Plan, with its associated Salary Continuation Agreement, as may be amended from time to time, or pay to the Executive a lump sum representing the value of all benefits under such plan.

Appears in 6 contracts

Samples: Executive Agreement (Atwood Oceanics Inc), Executive Agreement (Atwood Oceanics Inc), Executive Agreement (Atwood Oceanics Inc)

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Executive Life Insurance Plan. During the Post-Change of Control Employment Period, the The Company shall continue to maintain the Xxxxxx Oceanics, Inc. Executive Life Insurance Plan, with its associated Salary Continuation Agreement, as may be amended from time to time, or pay to the Executive a lump sum representing the value of all benefits under such plan.

Appears in 2 contracts

Samples: Executive Agreement (Atwood Oceanics Inc), Executive Agreement (Atwood Oceanics Inc)

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