Common use of Application for Insurance Clause in Contracts

Application for Insurance. Employee has purchased or will contemporaneously purchase the policy of life insurance insuring his or her life, which is described in Exhibit A attached hereto and by this reference made a part hereof, and which was or will be issued by the insurance company identified in Exhibit A (herein called "Insurer") in the total initial face amount of Dollars ($ ). The parties hereto have taken all necessary action to cause Insurer to issue the Policy and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement.

Application for Insurance. Employee has purchased or will ------------------------- contemporaneously purchase the policy of life insurance insuring his or her life, which is described in Exhibit A attached hereto and by this reference made a part hereof, and which was or will be issued by the insurance company identified in Exhibit A (herein called "Insurer") in the total initial face amount of Dollars ($ ). The parties hereto have taken all ----------------- ------ necessary action to cause Insurer to issue the Policy and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement.

Application for Insurance. Employee has purchased or will ------------------------- contemporaneously purchase the policy of life insurance insuring his or her life, which is described in Exhibit A attached hereto and by this reference made a part hereof, and which was or will be issued by the insurance company identified in Exhibit A (herein called "Insurer") in the total initial face amount of Dollars ($ ). The parties hereto have taken all necessary action to ---------- --- cause Insurer to issue the Policy and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement.