Split Dollar Insurance. The Company shall use its reasonable best efforts to cause the transfer to the Company of the split dollar life insurance policy under which the Executive is a beneficiary and as to which Executive's prior employer is the holder; provided, however, that the Company shall not be required to pay more than 110% of the cash value of such policy in order to effect such transfer. After such transfer, the Company shall continue to pay all premiums due on that policy during the Employment Period and shall reimburse the Executive for any taxes payable by the Executive because of the payment by the Company of such premiums and any such tax reimbursement payments.
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Sources: Employment Agreement (Donnelley Enterprise Solutions Inc)
Split Dollar Insurance. The Company shall use its reasonable best efforts to cause the transfer to the Company of maintain the split dollar life insurance policy under which the Executive is a beneficiary and as to which Executive's prior employer the Company is the holder; provided, however, that the Company shall not be required to pay more than 110% of the cash value of such policy in order to effect such transfer. After such transfer, the The Company shall continue to pay all premiums due on that policy during the Employment Period and shall reimburse the Executive for any taxes payable by the Executive because of the payment by the Company of such premiums and any such tax reimbursement payments.
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