Key Man Life Insurance. During the Term of this Agreement, the Company shall have the option of purchasing and paying the premiums for a “Key Man” life insurance policy relating to Executive in a coverage amount determined by the Company, and the Company shall be named as the beneficiary of such policy. Executive represents and warrants that he currently is insurable for such policy on an unrated basis and agrees to fully cooperate with the Company in obtaining the policy.
Appears in 7 contracts
Samples: Executive Employment Agreement (Poore Brothers Inc), Executive Employment Agreement (Poore Brothers Inc), Executive Employment Agreement (Inventure Group, Inc.)
Key Man Life Insurance. During the Term of this Agreement, the Company shall have the option of purchasing and paying the premiums for a “"Key Man” " life insurance policy relating to Executive in a coverage amount determined by the Company, and the Company shall be named as the beneficiary of such policy. Executive represents and warrants that he currently is insurable for such policy on an unrated basis and agrees to fully cooperate with the Company in obtaining the policy.
Appears in 5 contracts
Samples: Employment Agreement (Imarx Therapeutics Inc), Employment Agreement (Imarx Therapeutics Inc), Employment Agreement (Imarx Therapeutics Inc)
Key Man Life Insurance. During the Term of this Agreement, the Company shall have the option of purchasing and paying the premiums for a “Key Man” life insurance policy relating to Executive in a coverage amount determined by the Company, and the Company shall be named as the beneficiary of such policy. Executive represents and warrants that he currently is insurable for such policy on an unrated basis and agrees to fully cooperate with the Company in obtaining the policy.
Appears in 5 contracts
Samples: Executive Employment Agreement (Imarx Therapeutics Inc), Executive Employment Agreement (Imarx Therapeutics Inc), Executive Employment Agreement (Imarx Therapeutics Inc)
Key Man Life Insurance. During the Term of this Agreement, the Company shall have the option of purchasing maintain and paying pay the premiums for a “Key Man” life insurance policy relating to Executive in a coverage amount determined by the Company, and the of $1,000,000. The Company shall will be named as the beneficiary of such policy. Executive represents and warrants that he currently is insurable for such policy on an unrated basis and agrees to fully cooperate with the Company in obtaining the policypolicies.
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Key Man Life Insurance. During the Term term of this Agreement, the Company shall have the option of purchasing and paying the premiums for a “"Key Man” " life insurance policy relating to Executive in a coverage amount determined by the Company, and the Company shall be named as the beneficiary of such policy. Executive represents and warrants that he currently is insurable for such policy on an unrated basis and agrees to fully cooperate with in the Company in obtaining the policy.
Appears in 1 contract
Samples: Executive Employment Agreement (Dynamic Biometric Systems, Inc.)
Key Man Life Insurance. During the Term of this Agreement, the Company shall have has the option of purchasing right to maintain and paying pay the premiums for a “"Key Man” " life insurance policy relating to Executive in a coverage amount determined by the Company, and the of $1,000,000. The Company shall will be named as the beneficiary of such policy. Executive represents and warrants that he currently is insurable for such policy on an unrated basis and agrees to fully cooperate with the Company in obtaining the policypolicies.
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Key Man Life Insurance. During the Term of this Agreement, the Company shall have has the option of purchasing right to maintain and paying pay the premiums for a “Key Man” life insurance policy relating to Executive in a coverage amount determined by the Company, and the of $1,000,000. The Company shall will be named as the beneficiary of such policy. Executive represents and warrants that he currently is insurable for such policy on an unrated basis and agrees to fully cooperate with the Company in obtaining the policypolicies.
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