Term and Universal Life Insurance. No more than 25% of the aggregate Employer Contributions and Forfeitures allocated to any Participant's Individual Account will be used to pay the premiums on term life insurance contracts, universal life insurance contracts, and all other life insurance contracts which are not ordinary life.
Appears in 4 contracts
Samples: Qualified Retirement Plan (Teardrop Golf Co), Exhibit 99 (Peabody Energy Corp), Qualified Retirement Plan And (Meritage Hospitality Group Inc /Mi/)
Term and Universal Life Insurance. No more than 25% 25 percent of the aggregate Employer Contributions and Forfeitures allocated to any Participant's Individual Account will be used to pay the premiums on term life insurance contracts, universal life insurance contracts, and all other life insurance contracts which are not ordinary life.
Appears in 1 contract
Term and Universal Life Insurance. No more Less than 2525 % of the aggregate total Employer Contributions and Forfeitures allocated to any Participant's Individual Account will may be used applied to pay the premiums on term life insurance contracts, universal life insurance contracts, and all other life insurance contracts which that are not ordinary life.
Appears in 1 contract
Samples: Plan Document and Trust Agreement (Stonepath Group Inc)
