Common use of Ordinary Life Clause in Contracts

Ordinary Life. If the life insurance contracts are ordinary whole life insurance contracts which are contracts with both nondecreasing death benefits and nonincreasing premiums, such premiums shall be less than one half of the aggregate Employer Contributions plus Forfeitures credited to the Participant's Employer Account and Matching Account.

Ordinary Life. If the life insurance contracts are ordinary whole life insurance contracts which are contracts with both nondecreasing death benefits and nonincreasing premiums, such premiums shall be less than one one-half of the 100 aggregate Employer Contributions plus Forfeitures credited to the Participant's Employer Account and Matching Account.

Ordinary Life. If the For purposes of these incidental insurance provisions, ordinary life insurance contracts are ordinary whole life insurance contracts which are contracts with both nondecreasing death benefits and nonincreasing premiums. If such contracts are purchased, such premiums shall be less than one one-half of the aggregate Employer Contributions plus Forfeitures credited contributions allocated to any Participant will be used to pay the Participant's Employer Account and Matching Accountpremiums attributable to them.

Ordinary Life. If the For purposes of these incidental insurance provisions, ordinary life insurance contracts are ordinary whole life insurance contracts which are contracts with both nondecreasing death benefits and nonincreasing premiums. If such contracts are purchased, such premiums shall be less than one half 1/2 of the aggregate Employer Contributions plus Forfeitures credited employer contributions allocated to any participant will be used to pay the Participant's Employer Account and Matching Accountpremiums attributable to them.