Common use of INSURANCE AND PENSION Clause in Contracts

INSURANCE AND PENSION. The Employer will, and subject to the Executive qualifying for a regular insurance policy, arrange for an individual life insurance scheme according to which the insurance sum for the beneficiaries (spouse or heir) will be up to a maximum of NOK 5,000,000, subject to the at any time applicable terms. The Employer shall also, to the extent that this is possible and subject to the terms applicable, include the Executive in the Employer’s current insurance for the board of directors.

Appears in 3 contracts

Samples: Employment Agreement (DHT Holdings, Inc.), Employment Agreement (DHT Holdings, Inc.), Employment Agreement (DHT Holdings, Inc.)

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INSURANCE AND PENSION. The Employer will, and subject to the Executive qualifying for a regular insurance policy, arrange for an individual life insurance scheme according to which the insurance sum for the beneficiaries (spouse or heir) } will be up to a maximum of NOK 5,000,000, subject to the at any time applicable terms. The Employer shall also, to the extent that this is possible and subject to the terms applicable, include the Executive in the Employer’s current insurance for the board of directors.

Appears in 1 contract

Samples: Employment Agreement (DHT Holdings, Inc.)

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