Executive's Insurance definition
Examples of Executive's Insurance in a sentence
In lieu of the deferred compensation program offered in the March 21, 1991 employment letter, you shall be eligible to participate in the Retired Executive's Insurance Program.
Executive agrees to fully cooperate with the Company in obtaining and maintaining the Executive's Insurance Policy, any additional death benefits thereunder and any other policies of insurance on the life of the Executive obtained or maintained by the Company.
In the event the Executive dies before the Corporate Capital Interest is recovered, the Rabbi Trust shall recover the Corporate Capital Interest from the Death Benefit Proceeds attributable to the Executive's Insurance Policy pursuant to the Assignment Form.
In the event the Executive dies before the Corporate Capital Interest is recovered, the Rabbi Trust will recover the Corporate Capital Interest from the Death Benefit Proceeds attributable to the Executive's Insurance Policy pursuant to the Assignment Form.
The Executive hereby acknowledge and confirm that the Company’s contributions towards the Executives Insurance and/or the Pension Fund shall come in lieu of payment of severance compensation, if the Executive shall be entitled to such, according to Section 14 of the Severance Compensation Law, 1963 and in accordance with the General Acknowledgement.