Split Dollar Life Insurance. During the Term, the Company will pay the premiums on split dollar life insurance in accordance with the Split Dollar Life Insurance Agreement. The Company reserves the right to modify or terminate the Split Dollar Life Insurance Agreement, except that if a Change in Control occurs during the Term, the Split Dollar Life Insurance Agreement may only be modified or terminated by mutual agreement.
Appears in 5 contracts
Samples: Employment Agreement (Allied Capital Corp), Employment Agreement (Allied Capital Corp), Employment Agreement (Allied Capital Corp)
