Common use of Executive Life Insurance Clause in Contracts

Executive Life Insurance. The Company shall provide Executive with term life insurance providing a death benefit of at least $3,000,000 to Executive's designated beneficiaries.

Appears in 2 contracts

Samples: Employment Agreement (Genesis Health Ventures Inc /Pa), Employment Agreement (Genesis Health Ventures Inc /Pa)

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Executive Life Insurance. The Company shall provide Executive with term life insurance providing a death benefit of at least $3,000,000 6,000,000 to Executive's designated beneficiaries.

Appears in 1 contract

Samples: Employment Agreement (Genesis Health Ventures Inc /Pa)

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Executive Life Insurance. The Company shall provide Executive with term life insurance providing a death benefit of at least $3,000,000 2,500,000 to Executive's ’s designated beneficiaries. The life insurance policy shall be assigned to the Executive at the time of his termination.

Appears in 1 contract

Samples: Employment Agreement (Genesis Health Ventures Inc /Pa)

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