Common use of Life Insurance Benefits Clause in Contracts

Life Insurance Benefits. In addition to the standard life insurance benefits payable to employees of the Company, the Company will provide life insurance to Executive in the amount of $300,000, subject to Executive’s insurability. The Company pays the premium, but the premium attributable to insurance over $50,000 is taxable to Executive.

Appears in 4 contracts

Samples: Employment Agreement (Evolving Systems Inc), Employment Agreement (Evolving Systems Inc), Employment Agreement (Evolving Systems Inc)

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Life Insurance Benefits. In addition to the standard life insurance benefits payable to employees of the Company, the Company will provide life insurance to Executive in the amount of $300,000300,000 USD, subject to Executive’s insurability. The Company pays the premium, but tax related to the premium attributable is the responsibility of Executive. Upgrade to insurance over $50,000 First Class Travel/Business Travel. Upgrades to business class travel will be made available to Executive in certain circumstances only in accordance with the Company’s standard travel policies (for example, for certain international flights). Upgrades to first class tickets, through the use of coupons and mileage points, is taxable permitted where there is no additional cost to Executivethe Company.

Appears in 1 contract

Samples: Employment Agreements (Evolving Systems Inc)

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Life Insurance Benefits. In addition to the standard life insurance benefits payable to employees of the Company, the Company will provide life insurance to Executive you in the amount of $300,000, subject to Executive’s your insurability. The Company pays the premium, but the premium attributable to insurance over $50,000 is taxable to Executiveyou.

Appears in 1 contract

Samples: Form Compensation Agreement (Evolving Systems Inc)

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