Common use of Life Insurance and Funding Clause in Contracts

Life Insurance and Funding. The Company in its sole discretion may apply for and procure, as owner and for its own benefit, insurance on the life of Employee in such amounts and in such forms as the Company may choose. Employee shall have no interest whatsoever in any such policy or policies, but at the request of the Company he shall submit to medical examinations and supply such information and execute such documents as may be required by the insurance company or companies to which the Company has applied for insurance.

Life Insurance and Funding. (a) The Company Corporation, in its sole discretion discretion, may apply for and procure, procure as owner and for its own benefit, benefit insurance on the life of the Employee in such amounts and in such forms as the Company Corporation may choose. The Employee shall have no interest whatsoever in any such policy or policies, but but, at the request of the Company he Corporation, shall submit to medical examinations and supply such information and execute such documents as may be required by the insurance company or companies to which the Company Corporation has applied for insurance.

Life Insurance and Funding. The Company in its sole discretion may apply for and procure, procure as owner and for its own benefit, benefit insurance on the life of Employee the Participant, in such amounts and in such forms as the Company may choose. Employee The Participant shall have no interest whatsoever in any such policy or policies, but but, as a condition of participation and at the request of the Company he Company, the Participant shall submit to medical examinations and supply such information and execute such documents as may be required by the insurance company or companies to which whom the Company has applied for insurance.