Key Man Insurance. The Company shall be entitled to obtain a “key man” or similar life or disability insurance policy on the Executive, and neither the Executive nor any of his family members, heirs or beneficiaries shall be entitled to the proceeds thereof. Such insurance shall be available to offset any payments due to the Executive pursuant to Section 5.1 of this Agreement due to his death or Disability.
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Samples: Employment Agreement (Orthofix International N V), Employment Agreement (Orthofix International N V), Employment Agreement (Orthofix International N V)
Key Man Insurance. The Company shall be entitled to obtain a “key man” or similar life or disability insurance policy on the Executive, and neither the Executive nor any of his family members, heirs or beneficiaries shall be entitled to the proceeds thereof. Such insurance shall be available to offset any payments due to the Executive pursuant to in accordance with Section 5.1 of this Agreement due to his death or Disability.
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Samples: Employment Contract (Orthofix International N V), Employment Contract (Orthofix Medical Inc.)
Key Man Insurance. The Company shall be entitled to obtain a “"key man” " or similar life or disability insurance policy on the Executive, and neither the Executive nor any of his family members, heirs or beneficiaries shall be entitled to the proceeds thereof. Such insurance shall be available to offset any payments due to the Executive pursuant to Section 5.1 of this Agreement due to his death or Disabilitydisability.
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Key Man Insurance. The Parent and/or the Company shall be entitled to obtain a “key man” or similar life or disability insurance policy on the Executive, and neither the Executive nor any of his family members, heirs or beneficiaries shall be entitled to the proceeds thereof. Such insurance shall be available to offset any payments due to the Executive pursuant to in accordance with Section 5.1 of this Agreement due to his death or Disability.
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Key Man Insurance. The Company shall be entitled to obtain a “key man” or similar life or disability insurance policy on the ExecutiveEmployee, and neither the Executive Employee nor any of his family members, heirs or beneficiaries shall be entitled to the proceeds thereof. Such insurance shall be available to offset any payments due to the Executive Employee pursuant to Section 5.1 5.4 of this Agreement due to his death or Disability.
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