Split Dollar Life Insurance Program definition

Split Dollar Life Insurance Program the Monsanto Executive Life Insurance Program, including all individual life insurance contracts, split dollar agreements and collateral assignments thereunder.
Sample 1Sample 2Sample 3
Split Dollar Life Insurance Program means a program under which the Company assists the owner of an insurance policy - on the life of Executive - in the payment of premiums for the policy, as evidenced by a split dollar life insurance agreement between the owner and the Company.
Sample 1Sample 2
Split Dollar Life Insurance Program the Monsanto Company Executive Life Insurance Program, including all individual life insurance contracts, split dollar agreements and collateral assignments thereunder.
Sample 1

Examples of Split Dollar Life Insurance Program in a sentence

  • If the Executive is a participant under the Company's Executive Split Dollar Life Insurance Program at the time of a Change of Control and the Company has paid any portion of the premium on the policy or policies issued in connection therewith during the twelve months preceding the occurrence of the Change of Control, then the Company shall continue to pay all premiums on such policies so long as the Executive remains in the employ of the Company.

  • Split Dollar Life Insurance Program: Obligations under the company's split dollar life insurance program can increase and decrease based on the company's total return to shareholders.

  • Olin and Arch shall take all actions necessary or appropriate to --------- assign to Arch, effective as of the Distribution Date, all of the rights and interests of the Pre-Distribution Group in the split dollar life insurance policies insuring the lives of Arch Participants pursuant to the Split Dollar Life Insurance Program (such policies, the "Assigned Split Dollar Policies").

  • The international standard, however, should only be applied once the impugned governmental acts have been assessed in the context of the host state’s norms of fairness.

  • Additionally, you will be eligible for our Executive Split Dollar Life Insurance Program which provides for coverage at three (3) times annual salary during employment and two (2) times annual salary post-retirement.

  • Effective November 1, 1998 EXHIBIT B --------- ADDITIONAL INFORMATION ---------------------- The Anthem Split Dollar Life Insurance Program is part of the Anthem Flexible Benefit Plan.

  • During the term of this Agreement, the Employee shall be entitled to participate in all of the fringe benefit programs provided for similar employees of the Company, including, without limitation, all medical, disability, dental and life insurance benefits, retirement programs, Split Dollar Life Insurance Program and incentive compensation plans now in existence or hereafter adopted by the Company.

  • Executive will also be eligible for the Company's alternative Split Dollar Life Insurance Program instead of FlexPlus Management Life Insurance.

  • Snowden seconded to approve the Chairman’s recommendation that the Board of Directors approve The rescission of its action on August 2, 2000 to create a Split Dollar Life Insurance Program, as formally ratified on September 27, 2000, and the program for the employees be terminated.

  • The Employee will be entitled to continue to participate in the Company’s Officer (Reverse Split Dollar) Life Insurance Program (“Officer Life Program”) with a death benefit of $1,000,000, provided that the Employee shall be responsible for the payment of any premiums thereon which practice was formerly put in place.


More Definitions of Split Dollar Life Insurance Program

Split Dollar Life Insurance Program means the TXU Split-Dollar Life Insurance Program, as amended from time to time, or any successor plan.
Sample 1

Related to Split Dollar Life Insurance Program

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Insurance Program or “program” shall mean a program which has been designated as a major program of PRISM under which participating members are protected against designated losses, either through joint purchase of primary or excess insurance, pooling of self-insured claims or losses, purchased insurance or any other combination as determined by the Board of Directors. The Board of Directors, the Executive Committee, or a program’s governing committee may determine applicable criteria for determining eligibility in any insurance program, as well as establishing program policies and procedures.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Health benefits plan means a benefits plan which pays or

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Business Travel Policy means our business travel policy. A copy of our current Business Travel Policy is attached as Schedule 1 to Exhibit B.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Retiree Health Plan means an "employee welfare benefit plan" within the meaning of Section 3(1) of ERISA that provides benefits to individuals after termination of their employment, other than as required by Section 601 of ERISA.

  • DEPP means the Authority’s Decision Procedure and Penalties Manual;

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • life policy means a contract in terms of which a person, in return for a premium, undertakes to -

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that: