Common use of Life and Disability Insurance Clause in Contracts

Life and Disability Insurance. Each Contract Year during the Term, Employer agrees to reimburse Executive in an amount not to exceed Five Thousand Dollars ($5,000) (the "Life and Disability Insurance Premium") for the annual premium associated with Executive's purchase of a term life and disability insurance policy or policies on the life of Executive. Executive shall be entitled to freely select and change the beneficiary or beneficiaries under such policy or policies. Notwithstanding anything to the contrary contained in this Agreement, Employer's obligations under this Section 6.7 are expressly contingent upon Executive providing required information and taking all necessary actions required of Executive in order to obtain and maintain the subject policy or policies, including without limitation, passing any required physical examinations.

Appears in 2 contracts

Samples: Employment Agreement (Emmis Communications Corp), Employment Agreement (Emmis Communications Corp)

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Life and Disability Insurance. Each During each Contract Year during the TermYear, Employer agrees to reimburse Executive in an amount not to exceed Five Thousand Dollars ($5,000) (the "Life and Disability Insurance Premium") for the annual premium associated with Executive's ’s purchase or maintenance of a term life and or disability insurance policy or other insurance policies on the life life, or related to the care, of Executive. Executive shall be entitled to freely select and change the beneficiary or beneficiaries under such policy or policies. Notwithstanding anything to the contrary contained in this Agreement, Employer's ’s obligations under this Section 6.7 6.2 are expressly contingent upon Executive providing required information and taking all necessary actions required of Executive in order to obtain and maintain the subject policy or policies, including without limitation, passing any required physical examinations.

Appears in 2 contracts

Samples: Employment Agreement (Emmis Communications Corp), Employment Agreement (Emmis Communications Corp)

Life and Disability Insurance. Each Contract Year during the TermYear, Employer agrees to reimburse Executive in an amount not to exceed Five Thousand Dollars ($5,000) (the "Life and Disability Insurance Premium") for the annual premium associated with Executive's ’s purchase or maintenance of a term life and or disability insurance policy or other insurance policies on the life life, or related to the care, of Executive. Executive shall be entitled to freely select and change the beneficiary or beneficiaries under such policy or policies. Notwithstanding anything to the contrary contained in this Agreement, Employer's ’s obligations under this Section 6.7 6.2 are expressly contingent upon Executive providing required information and taking all necessary actions required of Executive in order to obtain and maintain the subject policy or policies, including without limitation, passing any required physical examinations.

Appears in 2 contracts

Samples: Employment Agreement (Emmis Communications Corp), Employment Agreement (Emmis Communications Corp)

Life and Disability Insurance. Each Contract Year during the Term, Employer agrees to reimburse Executive in an amount not to exceed Five Thousand Dollars ($5,000) (the "Life and Disability Insurance Premium") for the annual premium associated with Executive's ’s purchase of a term life and disability insurance policy or policies on the life of Executive. Executive shall be entitled to freely select and change the beneficiary or beneficiaries under such policy or policies. Notwithstanding anything to the contrary contained in this Agreement, Employer's ’s obligations under this Section 6.7 6.6 are expressly contingent upon Executive providing required information and taking all necessary actions required of Executive in order to obtain and maintain the subject policy or policies, including without limitation, passing any required physical examinations.

Appears in 1 contract

Samples: Employment Agreement (Emmis Operating Co)

Life and Disability Insurance. Each Contract Year during the TermYear, Employer agrees to reimburse Executive in an amount not to exceed Five Thousand Dollars ($5,000) (the "Life and Disability Insurance Premium") for the annual premium associated with Executive's ’s purchase or maintenance of a term life and or disability insurance policy or other insurance policies on the life life, or related to the care, of ExecutiveExecutive (the “Life and Disability Insurance Premium”). Executive shall be entitled to freely select and change the beneficiary or beneficiaries under such policy or policies. Notwithstanding anything to the contrary contained in this Agreement, Employer's ’s obligations under this Section 6.7 6.2 are expressly contingent upon Executive providing required information and taking all necessary actions required of Executive in order to obtain and maintain the subject policy or policies, including without limitation, passing any required physical examinations.

Appears in 1 contract

Samples: Employment Agreement (Emmis Communications Corp)

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Life and Disability Insurance. Each Contract Year during During the Term, Employer agrees to reimburse Executive in an amount not to exceed Five Thousand Dollars ($5,000) (the "Life and Disability Insurance Premium") for the annual premium associated with Executive's ’s purchase or maintenance of a term life and or disability insurance policy or other insurance policies on the life life, or related to the care, of Executive. Executive shall be entitled to freely select and change the beneficiary or beneficiaries under such policy or policies. Notwithstanding anything to the contrary contained in this Agreement, Employer's ’s obligations under this Section 6.7 6.2 are expressly contingent upon Executive providing required information and taking all necessary actions required of Executive in order to obtain and maintain the subject policy or policies, including without limitation, passing any required physical examinations.

Appears in 1 contract

Samples: Employment Agreement (Emmis Communications Corp)

Life and Disability Insurance. Each Contract Year during the TermYear, Employer agrees to reimburse Executive in an amount not to exceed Five Thousand Dollars ($5,000) (the "Life and Disability Insurance Premium") for the annual premium associated with Executive's ’s purchase of a term life and disability insurance policy or policies on the life of Executive. Executive shall be entitled to freely select and change the beneficiary or beneficiaries under such policy or policies. Notwithstanding anything to the contrary contained in this Agreement, Employer's ’s obligations under this Section 6.7 6.8 are expressly contingent upon Executive providing required information and taking all necessary actions required of Executive in order to obtain and maintain the subject policy or policies, including without limitation, passing any required physical examinations.

Appears in 1 contract

Samples: Employment Agreement (Emmis Communications Corp)

Life and Disability Insurance. Each Contract Year during the Term, Employer agrees to reimburse Executive in an amount not to exceed Five Thousand Dollars ($5,000) (the "Life and Disability Insurance Premium") for the annual premium associated with Executive's ’s purchase of a term life and or disability insurance policy or other insurance policies on the life life, or related to the care, of Executive. Executive shall be entitled to freely select and change the beneficiary or beneficiaries under such policy or policies. Notwithstanding anything to the contrary contained in this Agreement, Employer's ’s obligations under this Section 6.7 6.6 are expressly contingent upon Executive providing required information and taking all necessary actions required of Executive in order to obtain and maintain the subject policy or policies, including without limitation, passing any required physical examinations.

Appears in 1 contract

Samples: Employment Agreement (Emmis Operating Co)

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