Individual Life Insurance Policies definition

Individual Life Insurance Policies means the Split Dollar Insurance Plan in the face amount of $400,000 dated October 3, 1984 (including all amendments and replacement and substitute policies, as hereafter mutually agreed in writing) and three Flexible Premium Adjustable Life Insurance, Universal Life policies, one issued by Great-West Life & Annuity Insurance Company in the face amount of $6 million, one issued by Life Investors Insurance Company of America in the face amount of $800,000 and one issued by Mass Mutual Financial Group in the face amount of $800,000, each of which is payable to beneficiaries designated by the Executive, or his estate or trust in lieu thereof.
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Individual Life Insurance Policies means the Flexible Premium Adjustable Life Insurance, Universal Life policy, issued by Great-West Life & Annuity Insurance Company in the face amount of $500,000 payable to beneficiaries designated by the Executive, or his estate or trust in lieu thereof.
Sample 1
Individual Life Insurance Policies means the Split Dollar Insurance Plan ("Split Dollar Plan") in the face amount of $400,000 dated October 3, 1984 (including all amendments and replacement and substitute policies, as hereafter mutually agreed in writing) and three Flexible Premium Adjustable Life Insurance, Universal Life policies, one issued by Great-West Life & Annuity Insurance Company ("Great-West") in the face amount of $6 million, one issued by Life Investors Insurance Company of America in the face amount of $800,000 and one issued by Mass Mutual Financial Group in the face amount of $800,000 each of which is payable to beneficiaries designated by the Executive, his estate or trust in lieu thereof.
Sample 1

Examples of Individual Life Insurance Policies in a sentence

  • If Xxxxxx violates any of the undertakings set forth in Sections 4, 5, 6 and 7 of this Agreement, Xxxxxx waives and forfeits any and all rights to any further payments under this Agreement (other than any amounts due under the Split Dollar Plan or the Individual Life Insurance Policies), including but not limited to, any additional payments, compensation or severance he may otherwise be entitled to receive under this Agreement, whether pursuant to this Section or otherwise.

  • If Xxxxxxx violates any of the undertakings set forth in Sections 4, 5, 6 and 7 of this Agreement, Xxxxxxx waives and forfeits any and all rights to any further payments under this Agreement (other than any amounts due under the Individual Life Insurance Policies), including but not limited to, any additional payments, compensation or severance he may otherwise be entitled to receive under this Agreement, whether pursuant to this Section or otherwise.

  • This Agreement, including the Split Dollar Plan, the Individual Life Insurance Policies, and the Salary Continuity Agreement, are intended by the parties hereto to constitute the entire understanding of the parties with respect to the employment of Xxxxxx as an employee and officer of Fidelity and election as Chairman of the Board of Fidelity and supersedes all prior agreements and understandings, oral or written.

  • This Agreement, including the Individual Life Insurance Policies and the Salary Continuity Agreement, are intended by the parties hereto to constitute the entire understanding of the parties with respect to the employment of Xxxxxxx as an employee and officer of Fidelity and election as a member of the Board of Fidelity and supersedes all prior agreements and understandings, oral or written.

  • If Executive materially violates any of the undertakings set forth in Sections 4, 5, 6 and 7, Executive waives and forfeits any and all rights to any further payments under this Agreement (other than any amounts due under the Split Dollar Plan or the Individual Life Insurance Policies), including but not limited to, any additional payments, compensation or severance he may otherwise be entitled to receive under this Agreement, whether pursuant to this Section or otherwise.

  • Termination of this Agreement, breach of this Agreement by Xxxxxxx, or termination of the benefits payable hereunder for any reason, including pursuant to Section 3(a), (b), (c) or (d) hereof, shall not terminate the duty of Fidelity to maintain or continue the Individual Life Insurance Policies pursuant to Section 2(e) hereof, including any replacement or substitute plans or policies hereafter mutually agreed to in writing.

  • Termination of this Agreement, breach of this Agreement by Xxxxxxx, or termination of the benefits payable hereunder for any reason, including pursuant to Section 3(a), (b), (c) or (d) hereof, shall not terminate the duty of Fidelity to maintain or continue the Individual Life Insurance Policies pursuant to Section 2(d) hereof, including any replacement or substitute plans or policies hereafter mutually agreed to in writing.

  • Termination or expiration of this Agreement, breach of this Agreement by Executive, or termination of the benefits payable hereunder for any reason, including pursuant to Section 3(a), (b), (c), (d) or (e), shall not terminate the duty of Ameris to maintain or continue the Split Dollar Plan or Individual Life Insurance Policies pursuant to Section 2(d), including any replacement or substitute plans or policies hereafter mutually agreed to in writing.

  • This Agreement, including the Individual Life Insurance Policies, are intended by the parties hereto to constitute the entire understanding of the parties with respect to the employment of Executive as an employee and officer of Ameris and election as a member of the Board of Directors of Ameris Bancorp and Ameris Bank following the Effective Time and supersedes the Prior Employment Agreement in all respects.

  • Termination of this Agreement, breach of this Agreement by Xxxxxx, or termination of the benefits payable hereunder for any reason, including pursuant to Section 3(a), (b), (c) or (d) hereof, shall not terminate the duty of Fidelity to maintain or continue the Split Dollar Plan, or Individual Life Insurance Policies pursuant to Section 2(e) hereof, including any replacement or substitute plans or policies hereafter mutually agreed to in writing.

Related to Individual Life Insurance Policies

  • Life Insurance Policy has the meaning given in Section 6.10.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Blanket insurance policy means a group policy covering a defined class of

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

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

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

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.