Common use of Ordinary Life Insurance Clause in Contracts

Ordinary Life Insurance. For purposes of these incidental insurance provisions, ordinary life insurance contracts are contracts with both nondecreasing death benefits and nonincreasing premiums. If such contracts are purchased, less than 50% of the aggregate Employer Contributions and Forfeitures allocated to any Participant's Individual Account will be used to pay the premiums attributable to them.

Appears in 11 contracts

Samples: Qualified Retirement Plan and Trust Defined (Alaska Pacific Bancshares Inc), Qualified Retirement Plan and Trust (Camco Financial Corp), Qualified Retirement Plan and Trust (Edelbrock Corp)

AutoNDA by SimpleDocs

Ordinary Life Insurance. For purposes of these incidental insurance provisions, ordinary life insurance contracts are contracts with both nondecreasing death benefits and nonincreasing premiums. If such contracts are purchased, less than 50% 50 percent of the aggregate Employer Contributions and Forfeitures allocated to any Participant's ’s Individual Account will be used to pay the premiums attributable to them.

Appears in 1 contract

Samples: Adoption Agreement (Kimball Electronics, Inc.)

Ordinary Life Insurance. For purposes of these incidental insurance provisions, ordinary life insurance contracts are contracts with both nondecreasing non decreasing death benefits and nonincreasing premiums. If such contracts are purchased, less than 50% of the aggregate Employer Contributions and Forfeitures allocated to any Participant's Individual Account will be used to pay the premiums attributable to them.

Appears in 1 contract

Samples: Bradford Funds Inc

Ordinary Life Insurance. For purposes of these incidental m6dental insurance provisions, ordinary life insurance contracts are contracts with both nondecreasing death benefits and nonincreasing premiums. If such contracts are purchased, less than 50% of the aggregate Employer Contributions and Forfeitures allocated to any Participant's Individual Account will be used to pay the premiums attributable to them.

Appears in 1 contract

Samples: Nabi /De/

Ordinary Life Insurance. For purposes of these incidental insurance provisions, ordinary life insurance contracts are contracts with both nondecreasing death benefits and nonincreasing premiums. If such contracts are purchased, less than 50% of the aggregate Employer Contributions and Forfeitures allocated to any Participant's Individual Account will be used to pay the premiums attributable to them.,

Appears in 1 contract

Samples: Antigenics Inc /De/

AutoNDA by SimpleDocs

Ordinary Life Insurance. For purposes of these incidental insurance provisions, ordinary life insurance contracts are contracts with both nondecreasing death benefits and nonincreasing premiums. If such contracts are purchased, less than 50% 50 percent of the aggregate Employer Contributions and Forfeitures allocated to any Participant's Individual Account will be used to pay the premiums attributable to them.

Appears in 1 contract

Samples: Merchants & Manufacturers Bancorporation Inc

Ordinary Life Insurance. For purposes of these incidental insurance provisions, ordinary life insurance contracts are contracts with both nondecreasing non-decreasing death benefits and nonincreasing non-increasing premiums. If such contracts are purchased, less than 50% of the aggregate Employer Contributions and Forfeitures allocated to any Participant's Individual Account will be used to pay the premiums attributable to them.

Appears in 1 contract

Samples: Qualified Retirement Plan and Trust (Connecticut Water Service Inc / Ct)

Ordinary Life Insurance. For purposes of these incidental insurance provisions, . ordinary life insurance contracts are contracts with both nondecreasing death benefits and nonincreasing premiums. If such contracts are purchased, less than 50% of the aggregate aggt'egate Employer Contributions and Forfeitures allocated to any Participant's Individual Account will be used to pay the premiums pttetniums attributable to them.

Appears in 1 contract

Samples: Weststar Financial Services Corp

Time is Money Join Law Insider Premium to draft better contracts faster.