Insurance Contract Sample Clauses

Insurance Contract. At the time he elects to participate in the ------------------ Plan, the Participant may elect to have all or part of each of his Accounts invested in one or more Insurance Contracts, including, but not limited to, universal life insurance policies issued by a licensed insurance carrier. The premiums for such Insurance Contracts shall be paid from the amounts then allocated to the Participant's Accounts, as designated by the Participant, from future contributions made on behalf of the Participant and from any amounts paid with respect to the Insurance Contract. In the event that such amounts are insufficient to pay any premiums due on the Insurance Contract, the Committee shall notify the Participant and the Insurance Contract shall be surrendered to the insurance company and the proceeds shall be invested in either the Fixed Income Fund, the Equity Fund or the Common Stock Fund as the Participant so elects within the limitations specified in this Section 9.5, after being notified by the Committee that the Insurance Contract has been surrendered. Alternatively, the Participant may elect to have the Trustee pay the premiums on such Insurance Contract from the portion of the Participant's Accounts invested in the Fixed Income Fund or the Equity Fund or the Common Stock Fund. Notwithstanding the preceding, in the case of each Participant, (i) the aggregate premiums paid for term life insurance under any Insurance Contract may not exceed twenty-five percent (25%), nor may the aggregate premiums paid for whole life insurance under any Insurance Contract exceed fifty percent (50%) of the aggregate contributions allocated to the Participant's Deferral Election Account and his Matching Contribution Account plus the amounts allocated to his Rollover Contribution Account, if any, at any particular time; and (ii) the Trustee, either on or before the Participant's termination of employment with the Employer, shall either convert the entire value of an Insurance Contract into cash or an annuity or distribute the Insurance Contract to the Participant, provided such contract is nontransferable.
Insurance Contract. (i) Contract continuing for a period of more than six months from its date.
Insurance Contract. 4 1.8 Insurer .......................................................... 4 1.9
Insurance Contract. (1) The Mortgagor shall, throughout the term of this Agreement, procure and maintain insurance on the Mortgaged Property in such an amount or more and such a form as deemed appropriate through consultation between the Mortgagor and the Creditor from an insurance company.
Insurance Contract. (1) The insurance contract on the Real Estate on Trust shall be made in the type, period and method that the Trustee determines and shall be continued during the existence of the Trust Agreement.
Insurance Contract. The Board will provide the Union with a copy of the complete insurance contract between the carrier, the administrative services and the Board in a timely fashion.
Insurance Contract. 4 1.7 Insurer.............................................................................. 4 1.8 Plan................................................................................. 4 1.9