Common use of Life Insurance Policy Clause in Contracts

Life Insurance Policy. The Company has obtained and will maintain, during the term of your employment, a term-life insurance policy providing a benefit of not less than one-million dollars ($1,000,000) to each of the Company and your estate (the “Life Insurance Policy”). You agree that the Company may secure additional insurance on your life for the benefit of the Company and that you shall cooperate in assisting the Company to obtain such Life Insurance Policy, including providing personal health information as well as submitting to reasonable medical exams and tests requested by an insurance carrier.

Appears in 4 contracts

Samples: Employment Agreement (Renovis Inc), Employment Agreement (Renovis Inc), Employment Agreement (Renovis Inc)

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