Common use of Life Insurance Benefits Clause in Contracts

Life Insurance Benefits. Employer shall pay the premiums allocable to a term life insurance policy in the face amount of $150,000 covering Employee as the named insured, subject to Employee's passing a standard physical examination in order to permit issuance of the policy at standard (non-rated) premiums and satisfaction of any other standard underwriting requirements. Employee shall be the owner of such policy and shall have the right to designate the beneficiary of the policy proceeds. Employee shall be liable for income taxes with respect to premium amounts includable in Employee's taxable income.

Life Insurance Benefits. Employer shall pay the premiums allocable to a term life insurance policy in the face amount of $150,000 125,000 covering Employee as the named insured, subject to Employee's ’s passing a standard physical examination in order to permit issuance of the policy at standard (non-rated) premiums and satisfaction of any other standard underwriting requirements. Employee shall be the owner of such policy and shall have the right to designate the beneficiary of the policy proceeds. Employee shall be liable for income taxes with respect to premium amounts includable in Employee's ’s taxable income.

Life Insurance Benefits. Employer Company shall pay the premiums allocable to a term life insurance policy in the face amount of $150,000 300,000.00 covering Employee as the named insured, subject to Employee's Employee*s passing a standard physical examination in order to permit issuance of the policy at standard (non-rated) premiums and satisfaction of any other standard underwriting requirements. Employee shall be the owner of such policy and shall have the right to designate the beneficiary of the policy proceeds. Employee shall be liable for income taxes with respect to premium amounts includable in Employee's Employee*s taxable income.

Life Insurance Benefits. Employer shall pay the premiums allocable to a term life insurance policy in the face amount of $150,000 1,000,000 covering Employee as the named insured, subject to Employee's passing a standard physical examination in order to permit issuance of the policy at standard (non-rated) premiums and satisfaction of any other standard underwriting requirements. Employee shall be the owner of such policy and shall have the right to designate the beneficiary of the policy proceeds. Employee shall be liable for income taxes with respect to premium amounts includable in Employee's taxable income.. -2- (g)

Life Insurance Benefits. Employer shall pay the premiums allocable to a term life insurance policy in the face amount of $150,000 50,000 covering Employee as the named insured, subject to Employee's passing a standard physical examination in order to permit issuance of the policy at standard (non-rated) premiums and satisfaction of any other standard underwriting requirements. Employee shall be the owner of such policy and shall have the right to designate the beneficiary of the policy proceeds. Employee shall be liable for income taxes with respect to premium amounts includable in Employee's taxable income.

Life Insurance Benefits. Employer Company shall pay the premiums allocable to a term life insurance policy in the face amount of $150,000 500,000.00 covering Employee as the named insured, subject to Employee's Employee*s passing a standard physical examination in order to permit issuance of the policy at standard (non-rated) premiums and satisfaction of any other standard underwriting requirements. Employee shall be the owner of such policy and shall have the right to designate the beneficiary of the policy proceeds. Employee shall be liable for income taxes with respect to premium amounts includable in Employee's Employee*s taxable income.