Split Dollar Life Insurance. Notwithstanding the provisions of Section 3(f) above, the Company shall continue to make premium payments on any split-dollar type life insurance program in effect on the life of the Executive during the 180 days preceding the Effective Date (or, if more favorable to the Executive, as in effect at any time thereafter until the termination of employment), in a manner consistent with the past practices of the Company as to timing and amount, until each policy has achieved paid-up status.
Appears in 4 contracts
Samples: Severance and Non Compete Agreement (Wisconsin Energy Corp), Severance and Non Compete Agreement (Wisconsin Electric Power Co), Compete Agreement (Wisconsin Energy Corp)
Split Dollar Life Insurance. Notwithstanding the provisions of Section 3(f4(f) above, the Company shall continue to make premium payments on any split-dollar type life insurance program in effect on the life of the Executive during the 180 days preceding the Effective Date (or, if more favorable to the Executive, as in effect at any time thereafter until the termination of employment), in a manner consistent with the past practices of the Company as to timing and amount, until each policy has achieved paid-up status.
Appears in 2 contracts
Samples: Non Compete Agreement (Wisconsin Energy Corp), Non Compete Agreement (Wisconsin Electric Power Co)
Split Dollar Life Insurance. Notwithstanding the provisions of Section 3(f3(e) above, the Company shall continue to make premium payments on any split-dollar type life insurance program in effect on the life of the Executive during the 180 days preceding the Effective Date (or, if more favorable to the Executive, as in effect at any time thereafter until the termination of employment), in a manner consistent with the past practices of the Company as to timing and amount, until each policy has achieved paid-up status.
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