Policy Ownership. (a) Except as provided in subparagraph (b), the Owner shall be the sole and exclusive owner of the Policy. This includes all the rights of "owner" under the terms of the Policy except as otherwise provided in this Section 4, including but not limited to the right to designate beneficiaries and select settlement options.
Appears in 3 contracts
Samples: Compensation Waiver and Insurance Benefit Agreement (Snap on Inc), Compensation Waiver and Insurance Benefit Agreement (Snap on Inc), Deferred Compensation Waiver and Insurance Benefit Agreement (Snap on Inc)
Policy Ownership. (a) Except as provided in subparagraph (bSection 4(b), the Owner shall be the sole and exclusive owner of the each Policy. This includes all the rights of "owner" under the terms of the Policy except as otherwise provided in this Section 4each Policy, including but not limited to the right to designate beneficiaries and select settlement options.
Appears in 1 contract
Samples: Dollar Insurance Plan (Snap on Inc)
Policy Ownership. (a) Except as provided in subparagraph (bSection 4(b), the Owner shall be the sole and exclusive owner of the Policy. This includes all the rights of "owner" under the terms of the Policy except as otherwise provided in this Section 4Policy, including but not limited to the right to designate beneficiaries and select settlement options.
Appears in 1 contract
Samples: Dollar Insurance Plan (Snap on Inc)
