Common use of Split Dollar Life Insurance Clause in Contracts

Split Dollar Life Insurance. The Company shall pay on the Executive's behalf all premiums that become due during the Executive's employment hereunder that are required to maintain in effect a life insurance policy on Executive's life with a face value of $2,000,000 (the "Split Dollar Policy") provided, however, that the Executive executes such documents that the Company determines are necessary or advisable in connection with this split dollar insurance program, including, without limitation, an irrevocable collateral assignment and split dollar agreement in a form prescribed by the Company assigning to the Company the right to recover from the cash value and any death proceeds of the Split Dollar Policy, any and all amounts paid by the Company with respect to the Split Dollar Policy and otherwise setting forth the terms and conditions of maintaining this split dollar life insurance program.

Split Dollar Life Insurance. The Company shall pay on the Executive's behalf all premiums that become due during the Executive's employment hereunder Term that are required to maintain in effect a whole life insurance policy on the Executive's life with a face value of up to $2,000,000 1,000,000 (the "Split Dollar Policy") ); provided, however, that the Executive executes such documents that the Company determines are necessary or advisable in connection with this split dollar insurance program, including, without limitation, an irrevocable collateral assignment and split dollar agreement in a form prescribed by the Company and acceptable to the Executive assigning to the Company the right to recover recover, following the earlier of the Executive's death or the Executive's cancellation of the Split Dollar Policy, from the cash value and any death proceeds of the Split Dollar Policy, any and all amounts paid by the Company with respect to the Split Dollar Policy and otherwise setting forth the terms and conditions of maintaining this split dollar life insurance program.

Split Dollar Life Insurance. The Company shall pay on the Executive's behalf all premiums that become due during the Executive's employment hereunder that are required to maintain in effect a life insurance policy on Executive's life with a face value of $2,000,000 1,000,000 (the "Split Dollar Policy") provided, however, that the Executive executes such documents that the Company determines are necessary or advisable in connection with this split dollar insurance program, including, without limitation, an irrevocable collateral assignment and split dollar agreement in a form prescribed by the Company assigning to the Company the right to recover from the cash value and any death proceeds of the Split Dollar Policy, any and all amounts paid by the Company with respect to the Split Dollar Policy and otherwise setting forth the terms and conditions of maintaining this split dollar life insurance program.

Split Dollar Life Insurance. (1) The Company shall pay on the Executive's behalf all premiums that become due during the Executive's his employment hereunder that are required to maintain in effect a whole life insurance policy policy, selected by the Executive, on the Executive's life with a face value of up to $2,000,000 2,000,000, as determined by the Executive (the "Split Dollar Policy") ); provided, however, that the Executive executes such documents that the Company determines are necessary or advisable in connection with this split dollar insurance program, including, without limitation, an irrevocable collateral assignment and split dollar agreement in a form prescribed by the Executive and acceptable to the Company assigning to the Company the right to recover recover, following the earlier of the Executive's death or the Executive's cancellation of the Split Dollar Policy, from the cash value and any death proceeds of the Split Dollar Policy, any and all amounts paid by the Company with respect to the Split Dollar Policy and otherwise setting forth the terms and conditions of maintaining this split dollar life insurance programarrangement.

Split Dollar Life Insurance. The Company shall pay on the Executive's behalf all premiums that become due during the Executive's employment hereunder that are required to maintain in effect a life insurance policy on Executive's life with a face value of $2,000,000 1,090,000 (the "Split Dollar Policy") provided, however, that the Executive executes such documents that the Company determines are necessary or advisable in connection with this split dollar insurance program, including, without limitation, an irrevocable collateral assignment and split dollar agreement in a form prescribed by the Company assigning to the Company the right to recover from the cash value and any death proceeds of the Split Dollar Policy, any and all amounts paid by the Company with respect to the Split Dollar Policy and otherwise setting forth the terms and conditions of maintaining this split dollar life insurance program.

Split Dollar Life Insurance. The Company shall pay on the Executive's behalf all premiums that become due during the Executive's employment hereunder Term that are required to maintain in effect a whole life insurance policy on the Executive's life with a face value of up to $2,000,000 (the "Split Dollar Policy") ); provided, however, that the Executive executes such documents that the Company determines are necessary or advisable in connection with this split dollar insurance program, including, without limitation, an irrevocable collateral assignment and split dollar agreement in a form prescribed by the Company and acceptable to the Executive assigning to the Company the right to recover recover, following the earlier of the Executive's death or the Executive's cancellation of the Split Dollar Policy, from the cash value and any death proceeds of the Split Dollar Policy, any and all amounts paid by the Company with respect to the Split Dollar Policy and otherwise setting forth the terms and conditions of maintaining this split dollar life insurance program.

Split Dollar Life Insurance. The Company shall pay on the Executive's behalf all premiums that become due during the Executive's employment hereunder that are required to maintain in effect a life insurance policy on Executive's life with a face value of $2,000,000 500,000 (the "Split Dollar Policy") provided, however, that the Executive executes such documents that the Company determines are necessary or advisable in connection with this split dollar insurance program, including, without limitation, an irrevocable collateral assignment and split dollar agreement in a form prescribed by the Company assigning to the Company the right to recover from the cash value and any death proceeds of the Split Dollar Policy, any and all amounts paid by the Company with respect to the Split Dollar Policy and otherwise setting forth the terms and conditions of maintaining this split dollar life insurance program.