Key Person Life Insurance. The Company will maintain key person life insurance in an amount not less than $1,000,000 on the life of Xxxx X. Xxxxxxxxx and pay the annual premiums therefor naming the Company as the sole beneficiary thereof for at least three years following the Effective Date. 3.19
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Samples: Underwriting Agreement (Global Telecommunication Solutions Inc)
Key Person Life Insurance. The Company will maintain key person life insurance with an insurance company which is reasonably satisfactory to the Representatives in an amount not no less than $1,000,000 2,000,000 on the life lives of each of Messrs. Xxxxx Xxxxx, Xxxx X. Xxxxxxxxx Xxxx and pay the annual premiums therefor Xxxxx Xxxx, naming the Company as the sole beneficiary thereof thereof, for at least three years following the Effective Date. 3.19.
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Key Person Life Insurance. The Company will maintain key person life insurance in an amount not no less than Five Million ($1,000,000 5,000,00) Dollars on the life of Xxxx X. Xxxxxxxxx Xxxxxxxxxxxxxx and pay the annual premiums therefor therefore naming the Company as the sole beneficiary thereof thereof, for at least three years following the Effective Date. 3.19.
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Key Person Life Insurance. The Company will maintain has key person life insurance in an amount not no less than $1,000,000 on the life lives of Xxxx X. Xxxxxxxxx Xxxxxx Xxxxxxx and Xxxxx Xxxxx-Condivi and pay the annual premiums premium therefor naming the Company as the sole beneficiary thereof for at least three years following the Effective Date. 3.19.
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Key Person Life Insurance. The Company will maintain key person life insurance in an amount not less than $1,000,000 on the life of Xxxx Jxxx X. Xxxxxxxxx Xxxxx, to be in effect as of the Effective Date, and pay the annual premiums therefor naming and name the Company as the sole beneficiary thereof for at least three years following the Effective Date. 3.19.
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Samples: Underwriting Agreement (Passport Restaurants, Inc.)
Key Person Life Insurance. The For a period of three years from the Effective Date, the Company will agrees to maintain key person life insurance in an amount not less than $1,000,000 on the life of Xxxx X. Xxxxxxxxx Xxxxxxx, and agrees to pay the annual premiums therefor naming for the policy which shall name the Company as the sole beneficiary thereof for at least three years following the Effective Date. 3.19beneficiary.
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