Life Insurance Policy. If Xxxxxx X. Xxxxxxx is insurable with reasonable efforts, Buyer will purchase a level ten-year, term life insurance policy in the name of Xxxxxx X. Xxxxxxx that will include a death benefit in an amount equal to $1,000,000 to a beneficiary of her choice. The Company will pay the annual premium for this policy in years 1-5. Xxxxxx Xxxxxxx may elect to continue the policy beyond year five, but she will be solely responsible for paying the annual premium for years 6-10.
Appears in 5 contracts
Samples: Management Agreement (Resourcing Solutions Group Inc), Management Agreement (Resourcing Solutions Group Inc), Management Agreement (Resourcing Solutions Group Inc)
